Utah Code 53C-2-402. Mineral leases — Director to establish rules for mineral leases — Revenues to be deposited in Land Grant Management Fund
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(1) Mineral leases of all trust lands owned by the state shall be made exclusively by the director, under rules made by the director.
Terms Used In Utah Code 53C-2-402
- 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
- Mineral: includes oil, gas, and hydrocarbons. See Utah Code 53C-1-103
- 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
- trust lands: means those properties granted by the United States in the Utah Enabling Act to the state in trust, and other lands transferred to the trust, which must be managed for the benefit of:
(8)(a) the state's public education system; or(8)(b) the institutions of the state which are designated by the Utah Enabling Act as beneficiaries of trust lands. See Utah Code 53C-1-103(2) Revenues from mineral leases of trust lands shall be deposited in the Land Grant Management Fund.