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

Utah Statutes

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

Utah § 79-6-1303

Title 79Natural Resources

Ch. 79-6Utah Energy Act

Part 79-6-13Environmental Commodities

This text of Utah § 79-6-1303 (Property of the state -- Management.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 79-6-1303 (2026).

Text

(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

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(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.