Utah Admin. Code R850-30-1000 - Lease Amendments
1. The agency
may amend a lease if the amendment would be consistent with Rule R850-2. Unless
waived by the director, the agency shall solicit competing interest pursuant to
Section
R850-30-500 if:
(a) the total amended acreage exceeds 150%
of the original acreage;
(b) the
lease term, including any extensions is longer than 50 years; or
(c) the proposed amended purpose of the lease
is substantially different from the original purpose.
2. The agency may condition approval of an
amendment on the lessee accepting the current lease form.
Notes
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