Utah Code 65A-4-3. Mineral leases — Made exclusively by division — Disposition of state mineral lease revenues
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(1) Mineral leases of all lands owned by the state, except school and institutional trust lands, shall be made exclusively through the division, pursuant to division rules, with the consent of the state agency using or holding the land.
Terms Used In Utah Code 65A-4-3
- Division: means the Division of Forestry, Fire, and State Lands. See Utah Code 65A-1-1
- Donor: The person who makes a gift.
- 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
- Sovereign lands: means those lands lying below the ordinary high water mark of navigable bodies of water at the date of statehood and owned by the state by virtue of its sovereignty. See Utah Code 65A-1-1
(2)(2)(a) All revenues from mineral leases of sovereign lands shall be deposited in the Sovereign Lands Management Account.(2)(b) That portion of all revenues from mineral leases on other lands managed by the division necessary to recover management costs shall be deposited in the Sovereign Lands Management Account.(2)(c) The balance of state mineral lease revenues shall be utilized as directed by the agency or donor.