Utah Code > Title 59 > Chapter 21 – Mineral Lease Funds


§ 59-21-1	Disposition of federal mineral lease money — Priority to political subdivisions impacted by mineral development — Disposition of mineral bonus payments — Appropriation of money attributable to royalties from extraction of minerals on federal land locat
§ 59-21-2	Mineral Bonus Account created — Contents — Use of Mineral Bonus Account money — Mineral Lease Account created — Contents — Appropriation of money from Mineral Lease Account

Terms Used In Utah Code > Title 59 > Chapter 21 - Mineral Lease Funds

Contract: A legal written agreement that becomes binding when signed.
County legislative body: means :Utah Code 68-3-12.5
Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
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.

Insurance: includes :

(i)	a risk distributing arrangement providing for compensation or replacement for damages or loss through the provision of a service or a benefit in kind;

(ii)	a contract of guaranty or suretyship entered into by the guarantor or surety as a business and not as merely incidental to a business transaction; and

(iii)

a plan in which the risk does not rest upon the person who makes an arrangement, but with a class of persons who have agreed to share the risk. See Utah Code 31A-1-301

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}

Mutual: means a mutual insurance corporation. See Utah Code 31A-1-301

Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5

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

Statute: A law passed by a legislature.

United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5