Utah Statutes
§ 65A-17-302 — Minerals or elements extracted from the Great Salt Lake subject to royalty rate.
Utah·Title 65A Forestry, Fire, and State Lands·Ch. 65A-17 Great Salt Lake Preservation Act·Part 65A-17-3 Mineral or Element Extraction
(1)An operator who removes or extracts a mineral or element from the Great Salt Lake and does not return the mineral or element to the Great Salt Lake shall compensate the division for the value of the mineral or element at the royalty rate established by the division by rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, if a royalty rate has been established, except that this Subsection (1) only applies to the extent that the mineral or element:
(1)(a) has been nominated under Subsection 65A-6-4(7)(a) or for which the division has established a royalty rate in rule; and
(1)(b) can be extracted in paying quantities through a commercially viable technology after a reasonable period determined by the division, that is at least five years but does not exce
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Legislative History
Enacted by Chapter 25, 2024 General Session
Nearby Sections
15
§ 65A-1-1
Definitions.§ 65A-1-10
Proprietary geologic or financial information -- Confidentiality -- Division to adopt rules.§ 65A-1-12
Filing date of applications and bids.§ 65A-1-6
Witnesses -- Subpoena and oaths.§ 65A-10-5
Utah Lake study.