The division shall by rule prescribe:

(1)  the term of the lease;

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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.

Amended by Chapter 208, 2023 General Session