Utah Code 63L-13-203. Natural asset companies prohibited
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(1) A natural asset company may not purchase or lease state public lands.
Terms Used In Utah Code 63L-13-203
- Conservation lease: includes a lease that is wholly or partially similar to a lease described in Subsection (1)(a). See Utah Code 63L-13-101
- Ecosystem services: include the:(2)(b)(i) conversion of carbon dioxide to oxygen in plants through photosynthesis;(2)(b)(ii) purification of in-stream surface water or groundwater by naturally-occurring microorganisms, soil or bedrock percolation, or chemical detoxification; and(2)(b)(iii) noncommercial recreational benefit of natural lands. See Utah Code 63L-13-101
- 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
- Natural asset company: includes a company that is substantially similar to a company described in Subsection (6)(a). See Utah Code 63L-13-101
- 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) On public lands within the state, a natural asset company may not:(2)(a) own or manage a conservation lease; or(2)(b) purchase or lease ecosystem services.