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Code · Utah · Title 53C — School and Institutional Trust Lands Management Act · Chapter 2

53C-2-403. Mineral leases -- Director to establish forms, term, rental, and royalty.

67 words·~1 min read·/ut/title-53c/chapter-2/53c-2-403

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53C-2-403. Mineral leases -- Director to establish forms, term, rental, and royalty.
The director shall establish the:
(1)form of a mineral lease application;
(2)form of the lease;
(3)term of the lease;
(4)annual rental;
(5)amount of royalty in addition to or in lieu of rental; and
(6)basis upon which the royalty shall be computed.
Enacted by Chapter 294 , 1994 General Session
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