DAR File No.: 41846
Filed: 06/27/2017 08:49:11 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 established 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 Trust concerning this rule since the last five-year notice of review.
Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:
This rules 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. This rule is necessary for the day-to-day operations of the Trust. Therefore, this rule should be continued.
The full text of this rule may be inspected, during regular business hours, at the Office 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:
- John Andrews at the above address, by phone at 801-538-5180, by FAX at 801-538-5118, or by Internet E-mail at jandrews@utah.gov
Effective:
06/27/2017
Authorized by:
David Ure, Director
Document Information
- Effective Date:
- 6/27/2017
- Publication Date:
- 07/15/2017
- Type:
- Five-Year Notices of Review and Statements of Continuation
- Filed Date:
- 06/27/2017
- Agencies:
- School and Institutional Trust Lands, Administration
- Authorized By:
- David Ure, Director
- DAR File No.:
- 41846
- Summary:
No written comments have been received by the Trust concerning this rule since the last five-year notice of review.
- CodeNo:
- R850-5
- CodeName:
- {29600|R850-5|R850-5. Payments, Royalties, Audits, and Reinstatements}
- Link Address:
- School and Institutional Trust LandsAdministrationRoom 500 675 E 500 SSALT LAKE CITY, UT 84102-2818
- Link Way:
John Andrews, by phone at 801-538-5180, by FAX at 801-538-5118, or by Internet E-mail at jandrews@utah.gov
- AdditionalInfo:
- More information about a Five-Year Notice of Review and Statement of Continuation is available online. The Portable Document Format (PDF) version of the Bulletin is the official version. The PDF version of this issue is available at https://rules.utah.gov/publicat/bull_pdf/2017/b20170715.pdf. The HTML edition of the Bulletin is a convenience copy. Any discrepancy between the PDF version and HTML version is resolved in favor of the PDF version. For questions regarding the content or ...
- Related Chapter/Rule NO.: (1)
- R850-5. Payments, Royalties, Audits, and Reinstatements.