Utah Admin. Code R850-24-400 - Preference Rights for Unleased Mineral or Material
1. Any lessee or permittee who discovers any
mineral or material on lands leased or permitted from the agency which are not
included within that lease or permit shall have a preference right to a lease
or permit covering the unleased mineral or unpermitted material, provided the
unleased mineral or unpermitted material at the time of discovery is not
included within a lease or permit application by another party.
2. The preference right lease or permit is
subject to the rental, royalty, and development requirements provided in these
rules and in the lease or permit form.
3. The preference right shall not extend to
any unleased mineral or unpermitted material which have been withdrawn from
leasing or permitting.
4. The
preference right shall continue for a period of 60 days after the discovery of
the unleased mineral or unpermitted material, provided the applicant notifies
the agency within ten (10) days after the discovery and makes application to
lease the unleased mineral or permit the unpermitted material within the sixty
(60) day period after date of discovery.
Notes
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