Utah Code 63H-4-110. Lease of rails from Department of Transportation and Division of State Parks
Current as of: 2023 | Check for updates
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Terms Used In Utah Code 63H-4-110
- 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
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- 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
The Department of Transportation and the Division of State Parks shall jointly lease the rails, bed, right-of-way, and related property for not more than $1 per year to the authority.
Amended by Chapter 280, 2021 General Session