DAR File No. 40767
This notice was published in the October 1, 2016, issue (Vol. 2016, No. 19) of the Utah State Bulletin.
School and Institutional Trust Lands, Administration
Rule R850-140
Development Property
Five-Year Notice of Review and Statement of Continuation
DAR File No.: 40767
Filed: 09/14/2016 08:37:58 AM
NOTICE OF REVIEW AND STATEMENT OF CONTINUATION
Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:
Subsection 53C-1-302(1)(a) authorizes the director to manage the agency in fulfillment of its purpose and establish fees, procedures, and rules consistent with general policies prescribed by the Board of Trustees. Section 53C-4-101 authorizes the director to establish criteria by rule for the sale, exchange, lease, or other disposition or conveyance of trust lands. This rule allows the School and Institutional Trust Lands Administration (SITLA) to designate certain trust lands for development activities and establishes the guidelines that will facilitate development to generate optimum revenue for the Trust.
Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:
No written comments have been received by the agency for this rule since the previous five-year review filed in September 2011.
Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:
This rule allows SITLA to designate lands that have development potential to generate optimum revenue for the Trust as development properties. Development transactions are very complex and the guidelines provided in this rule allow the agency to proceed in a more traditional, business-like approach rather than a governmental-like approach. Because real estate transactions are time sensitive, SITLA needs to be able to take advantage of opportunities as they arise and respond accordingly. Therefore, this rule should be continued.
The full text of this rule may be inspected, during regular business hours, at the Office of Administrative Rules, or at:
School and Institutional Trust LandsAdministrationRoom 500
675 E 500 S
SALT LAKE CITY, UT 84102-2818
Direct questions regarding this rule to:
- Rodger Mitchell at the above address, by phone at 801-538-5176, by FAX at , or by Internet E-mail at rodgermitchell@utah.gov
Effective:
09/14/2016
Authorized by:
David Ure, Director
Additional Information
More information about a Five-Year Notice of Review and Statement of Continuation is available online.
The Portable Document Format (PDF) version of the Bulletin is the official version. The PDF version of this issue is available at https://rules.utah.gov/publicat/bull-pdf/2016/b20161001.pdf. The HTML edition of the Bulletin is a convenience copy. Any discrepancy between the PDF version and HTML version is resolved in favor of the PDF version.
For questions regarding the content or application of this rule, please contact Rodger Mitchell at the above address, by phone at 801-538-5176, by FAX at , or by Internet E-mail at rodgermitchell@utah.gov. For questions about the rulemaking process, please contact the Office of Administrative Rules.