§ 79-6-1303 — Property of the state -- Management.

(1) If the state or a state entity appropriates or expends state funds for the creation of an environmental commodity, the state owns a portion of an environmental commodity that is proportional to the amount of state funds appropriated or expended for the creation of the environmental commodity.
(2) (2)(a) Except as provided in Subsection (3), the state treasurer may sell, exchange, or hold an environmental commodity, or any portion thereof, owned by the state in accordance with Subsection (2)(b).
(2)(b) The state treasurer shall ensure that an environmental commodity owned by the state is sold, exchanged, or held:
(2)(b)(i) for the benefit of the citizens of the state;
(2)(b)(ii) to promote energy independence for the state;
(2)(b)(iii) to maximize the natural resources of the state; and
(2)(b)(iv) consistent with Part 3, State Energy Policy.
(3) An environmental commodity created or purchased by a state entity shall remain under the control of the state entity.

Legislative History

Enacted by Chapter 146, 2025 General Session; Enacted by Chapter 375, 2025 General Session