No. 39014 (5-year Review): Rule R850-10. Expedited Rulemaking

DAR File No.: 39014
Filed: 12/18/2014 10:29:08 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-1-201(3)(c) specifically authorizes an expedited rulemaking process, outside of the traditional rulemaking process or the emergency rulemaking process established under Title 63G, Chapter 3. The statutory authorization for expedited rules instructs the director to establish a procedure to enact expedited rules. Rule R850-10 sets forth the procedure used for promulgating expedited rules.

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

The agency has not received any written comments concerning this rule.

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

Statute requires that the agency establish procedures for promulgating expedited rules in order that the agency be able to react quickly to time-sensitive business opportunities in an ever changing market place. This rule sets forth the guidelines by which the agency may fulfill its fiduciary responsibilities in a timely manner. 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]

Effective:

12/18/2014

Authorized by:

Kevin Carter, Director

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