Utah Code 65A-7-1. Division to make rules for the sale, exchange, or lease of state lands
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Utah Code 65A-7-1
- Division: means the Division of Forestry, Fire, and State Lands. See Utah Code 65A-1-1
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- 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
- State lands: means all lands administered by the division. See Utah Code 65A-1-1
The division shall establish criteria by rule for the sale, exchange, lease, or other disposition or conveyance of state lands including procedures for determining fair market value of those lands.