No. 35655 (5-year Review): Rule R850-90. Land Exchanges

DAR File No.: 35655
Filed: 01/12/2012 07:34:17 AM

NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:

Subsections 53C-1-302(1)(a)(ii) and 53C-4-101(1) authorize the Director of the School and Institutional Trust Lands Administration to make rules for the day-to-day administration of the agency and to specify the application and review criteria used for the exchange of trust lands.

Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:

No written comments have been received by the agency concerning this rule since the last five-year review.

Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:

Land exchanges are typically very complicated transactions that require a lot of preliminary review and evaluation. This rule provides the application procedures and review criteria required for the exchange of trust lands in order that the agency may fulfill its fiduciary responsibility to the various trust beneficiaries by optimizing and maximizing the return on the exchanged lands. Therefore, this rule should be continued.

The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:

School and Institutional Trust Lands
AdministrationRoom 500
675 E 500 S
SALT LAKE CITY, UT 84102-2818

Direct questions regarding this rule to:

• John Andrews at the above address, by phone at 801-538-5180, by FAX at 801-538-5118, or by Internet E-mail at [e-mail]

Authorized by:

Kevin Carter, Director

Effective:

01/12/2012

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