Terms Used In Utah Code > Title 53C > Chapter 3 > Part 2 - Federal-State Land Exchange

• Acquired lands: means lands acquired by the administration under the agreement. See Utah Code 53C-3-201
• Acquired mineral interests: means mineral interests acquired by the administration pursuant to Section 3(F), (K), (L), or (M) of the agreement. See Utah Code 53C-3-201
• Administration: means the School and Institutional Trust Lands Administration. See Utah Code 53C-1-103
• Agreement: means the Agreement to Exchange Utah School Trust Lands Between the State of Utah and the United States of America, signed May 8, 1998, as ratified by the Utah School and Lands Exchange Act of 1998, Pub. See Utah Code 53C-3-201
• Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
• Exchange: means a land or mineral interest exchange by the administration and the United States of America after March 1, 2007 that is directed by Congressional action. See Utah Code 53C-3-201
• Exchanged lands: means lands:

  (a)	acquired by the administration through an exchange; and

  (b)

  reduced in value to take into account the presence of minerals subject to leasing under the Mineral Leasing Act, 30 U. See Utah Code 53C-3-201 Exchanged mineral interests: means mineral interests: (a)  acquired by the administration through an exchange; and (b)  reduced in value to take into account the presence of minerals subject to leasing under the Mineral Leasing Act, 30 U. See Utah Code 53C-3-201 Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006. Identified tracts: means the tracts identified in Section 3(F), (G), (J), (K), (L), and (M) of the agreement, generally referred to as the Cottonwood Tract, Westridge Coal Tract, Ferron Field, Mill Fork Tract, Dugout Canyon Tract, Muddy Tract, and North Horn Coal Tract. See Utah Code 53C-3-201 Land: includes :Utah Code 68-3-12.5 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 Mineral: includes oil, gas, and hydrocarbons. See Utah Code 53C-1-103 Month: means a calendar month, unless otherwise expressed. 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 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