Utah Admin. Code R652-21-1008 - Lithium Royalty Payment Deadlines and Ongoing Reporting
(1) Royalties due and owing under an
Operations Royalty Agreement shall be paid to the state within 30 days of the
end of each fiscal quarter.
(2)
Each Operator shall attach a complete royalty report on a form authorized by
the division, that requires the Operator to:
(a) provide Self-Certification of the total
amount of product extracted, produced, and sold during the applicable
quarter;
(b) if applicable, and to
demonstrate ongoing qualification for a Royalty Rate Deduction, provide
Self-Certification of the use of Non-Evaporative Technologies to produce the
Great Salt Lake Element or Mineral;
(c) identify the Sale Price and Variable-Rate
Royalty applied to the commodity sold during the quarter; and
(d) identify any other information required
by the division.
(3)
During the term of the Operations Royalty Agreement, an Operator shall submit a
royalty report to the division within 30 days of the end of each fiscal
quarter.
Notes
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