Utah Administrative Code (Current through November 1, 2019) |
R850. School and Institutional Trust Lands, Administration |
R850-30. Special Use Leases |
R850-30-550. Lease Determination Procedures
Latest version.
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1. The director shall not lease trust lands when such lease:
(a) would be inconsistent with board policy or would not be in the best interest of the trust beneficiaries;
(b) would create significant obstacles to future mineral development; or
(c) would foreclose future development or management options which would likely result in greater long term economic benefit.