No. 36415 (5-year Review): Rule R850-80. Sale of Trust Lands  

  • DAR File No.: 36415
    Filed: 06/27/2012 08:00:34 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 prescribe the terms and conditions for the sale of trust land.

    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 regarding this rule.

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

    This rule sets forth the procedures and guidelines for determining if and when it is in the best interests of the trust beneficiaries to sell portions of the surface estate and for establishing and receiving fair market value for those 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:

    Authorized by:

    Kevin Carter, Director

    Effective:

    06/27/2012


Document Information

Effective Date:
6/27/2012
Publication Date:
07/15/2012
Filed Date:
06/27/2012
Agencies:
School and Institutional Trust Lands,Administration
Authorized By:
Kevin Carter, Director
DAR File No.:
36415
Related Chapter/Rule NO.: (1)
R850-80. Sale of Trust Lands.