No. 33530 (5-year Review): Rule R850-21. Oil, Gas and Hydrocarbon Resources

DAR File No.: 33530
Filed: 04/01/2010 08:00:06 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:

Subsection 53C-1-302(1)(a)(ii) and Title 53C, Chapter 2, authorize the Director of the School and Institutional Trust Lands Administration to establish rules for the issuance of mineral leases and management of trust-owned lands and mineral resources.

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 for this rule have been received by the agency since this rule was first enacted five years ago.

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

The School and Institutional Trust Lands Administration manages approximately 4,400,000 acres of subsurface mineral rights located throughout the State of Utah. Much of this acreage is currently under lease to third parties for mineral development which consistently provides a large portion of the agency's revenue. Rules governing the management and use of these mineral resources are critical to the continued success in managing these resources for the benefit of the respective beneficiaries. These rules also provide a consistent set of procedures as to how business is conducted by the agency for customers to follow. 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
Administration
675 E 500 S
SALT LAKE CITY, UT 84102-2818

Direct questions regarding this rule to:

• LaVonne Garrison at the above address, by phone at 801-538-5197, by FAX at 801-355-0922, or by Internet E-mail at [e-mail]

Effective:

04/01/2010

Authorized by:

Kevin Carter, Director

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