DAR File No.: 36409
Filed: 06/27/2012 07:28:36 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:
Subsections 53C-1-302(1)(a)(ii) and 53C-1-303(1)(b) authorize the Director of the School and Institutional Trust Lands Administration to establish fees, procedures, and rules for the management of the 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.
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 guidelines and procedures necessary for protecting the assets of the various beneficiaries in the course of leasing and selling trust assets. Guidelines for the audit of leases ensures that the trust assets are being protected and the trust beneficiaries are receiving full value for their lands. It is important that this rule remain in full force and effect. 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:
- Ron Carlson at the above address, by phone at 801-538-5131, by FAX at 801-538-5118, or by Internet E-mail at rcarlson@utah.gov
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.:
- 36409
- Related Chapter/Rule NO.: (1)
- R850-5. Payments, Royalties, Audits, and Reinstatements.