Section R652-21-505 - Sampling Royalty Agreement(1) Upon the division's approval of a Feasibility Application, the Operator shall obtain a Sampling Royalty Agreement from the division.(2) Except for an agreement providing for a royalty rate for extraction of a Great Salt Lake Element or Mineral entered into before May 3, 2023, an Applicant shall pay a minimum royalty of $5,000 per month as the Sampling Royalty Rate.(3) A Sampling Royalty Agreement shall terminate upon the occurrence of any event specified in Section R652-21-503.(4) Any Great Salt Lake Element or Mineral extracted or produced under a Sampling Royalty Agreement shall be accounted for and not sold until execution of an Operations Royalty Agreement.(5) Any Great Salt Lake Element or Mineral extracted or produced under a Sampling Royalty Agreement may be utilized by third parties for testing and evaluation.(6) The Sampling Royalty Rate shall be paid to the state within 30 days of the end of each fiscal quarter.(7) An Applicant shall, in compliance with Subsection 73-3-8(3), file a copy of its Sampling Royalty Agreement with the Division of Water Rights.(8) A Sampling Royalty Agreement does not vest an Applicant with any rights pertaining to an Operations Royalty Agreement.Utah Admin. Code R652-21-505
Adopted by Utah State Bulletin Number 2024-20, effective 10/8/2024