Utah Admin. Code R652-80-600 - Mineral Estates and Leases
1. State
mineral interests may be exchanged in accordance with Section
65A-6-1(2).
2. Mineral estate exchanges must clearly be
in the best interest of the beneficiaries as documented by a record of
decision. The record of decision shall address those criteria listed in
R652-80-200.
3. In exchanges with persons other than the
federal government, all mineral estates are reserved to the state unless
exceptional circumstances justify the exchange of the mineral estate.
4. Upon the exchange of state mineral estate,
state mineral leases shall continue to be administered by the division until
the termination, relinquishment or expiration of the lease. Upon termination of
the mineral lease the administration of the mineral estate transfers to the
acquiring party.
Notes
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