Utah Admin. Code R850-23-300 - Rentals and Royalties
1.
Rentals.
(a) Rental rates shall be $10 per
acre, or fractional part thereof, each year.
(b) The minimum annual rental on permits
shall be determined periodically by the agency pursuant to board
policy.
2. Royalty Rates
and Provisions.
(a) The agency shall charge
full market value for any permitted materials purchased under a sand, gravel,
or cinders permit. Market value will be determined by the agency through
analysis of the local market.
(b)
The agency, pursuant to board policy, may annually establish minimum royalty
rates for permits based on the type of permitted material being
removed.
(c) Royalty payments shall
be remitted to the agency on a quarterly basis or on such other basis as may be
required by the terms and conditions of the permit and shall be accompanied by
an agency approved "Production and Settlement Transmittal Form."
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.