DAR File No.: 35233
Filed: 09/14/2011 07:38:58 AMNOTICE 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) authorizes the director to manage the agency in fulfillment of its purpose and establish fees, procedures, and rules consistent with general policies prescribed by the board of trustees. Section 53C-4-101 authorizes the director to establish criteria by rule for the sale, exchange, lease, or other disposition or conveyance of trust lands. This rule allows the Trust Lands Administration to designate certain trust lands for development activities and establishes the guidelines that will facilitate development to generate optimum revenue for the Trust.
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 for this rule since the previous five-year review which occurred in 2006.
Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:
This rule allows the Trust Lands Administration to designate lands that have development potential to generate optimum revenue for the Trust as development properties. Development transactions are very complex and the guidelines provided in this rule allow the agency to proceed in a more traditional, business-like approach rather than a governmental-like approach. Because real estate transactions are time sensitive, the agency needs to be able to take advantage of opportunities as they arise and respond accordingly. 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 84102-2818Direct questions regarding this rule to:
- Douglas Buchi at the above address, by phone at 801-538-5170, by FAX at 801-328-9452, or by Internet E-mail at douglasbuchi@utah.gov
Authorized by:
Kevin Carter, Director
Effective:
09/14/2011
Document Information
- Effective Date:
- 9/14/2011
- Publication Date:
- 10/01/2011
- Filed Date:
- 09/14/2011
- Agencies:
- School and Institutional Trust Lands,Administration
- Authorized By:
- Kevin Carter, Director
- DAR File No.:
- 35233
- Related Chapter/Rule NO.: (1)
- R850-140. Development Property.