Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
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:
(a)
the state's public education system; or
(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
United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5
(a)
The director may issue grazing permits on trust lands under terms and conditions established by rules of the director.
(b)
Those terms shall be based on the fair market value of the permit.
(2)
(a)
Upon selecting, exchanging, or otherwise acquiring lands of the United States, the director shall honor, for the remainder of the applicable term, all leases, permits, and contracts, and the related terms and conditions of user agreements on United States lands, including permitted stocking rates, grazing fee levels, access rights, and all existing activities that currently or historically have dictated an understanding of usage between the land user and the federal government.
(b)
Improvements of the permittee or lessee to the land shall be honored by the state in the acquisition of federal lands.
