Utah Code 65A-4-1. Acquisition and disposition of land by state agencies
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(1) All state agencies may acquire land by gift, devise, bequest, exchange, compensation for public resource value loss, or in satisfaction of a debt and are authorized to sell, lease, or otherwise dispose of land no longer needed for public purposes, unless otherwise provided by law.
Terms Used In Utah Code 65A-4-1
- Bequest: Property gifted by will.
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Land: includes :(18)(a) land;(18)(b) a tenement;(18)(c) a hereditament;(18)(d) a water right;(18)(e) a possessory right; and(18)(f) a claim. See Utah Code 68-3-12.5
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(2) The proceeds from the sale, lease, or other disposition of land shall go to the state agency using or holding the land unless:(2)(a) the governor or the Legislature order its deposit in the fund from which the state agency receives its appropriations; or(2)(b) the use or disposition of the proceeds is specified elsewhere in law.(3) Subsections (1) and (2) do not apply to division-owned property, as defined in Section 63A-5b-901.