Utah Code 65A-6-2. Mineral leases — Division to prescribe rules
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The division shall by rule prescribe:
(1) the term of the lease;
Terms Used In Utah Code 65A-6-2
- Division: means the Division of Forestry, Fire, and State Lands. See Utah Code 65A-1-1
- 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
(2) the annual rental;
(3) subject to Section 65A-6-4, the amount of royalty in addition to or in lieu of rental; and
(4) the basis upon which the royalty shall be computed.