Utah Admin. Code R850-80-300 - Determination of Fair Market
(1) If
the director determines that the sale of a parcel of trust lands is in the best
interest of the beneficiaries, the agency shall determine the fair market value
of the parcel. In determining the fair market value of a parcel, the agency may
consider:
(a) an appraisal;
(b) a market analysis, including evaluation
of real estate trends, market demand, opportunity costs of the sale, and the
management costs of retention; and/or
(c) other information that the agency
considers relevant.
(2)
The agency shall evaluate whether taking prudent and cost-effective actions
would increase the fair market value of the parcel.
Notes
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