Utah Admin. Code 652-21-807

Current through Bulletin 2024-24, December 15, 2024
Section R652-21-807 - Reassessment

The division reserves the right to review and adjust the provisions of an Operations Royalty Agreement in the event of significant changes or unforeseen circumstances, including: changes in market conditions significantly affecting the demand or pricing of the Great Salt Lake Element or Mineral; implementation of Emergent Technology; Negative Impacts to Great Salt Lake Chemistry or Biota caused by Operator; termination, lapse, or loss of Division of Water Quality Operator certification approval under Rule R317-16; or the reaching of the Great Salt Lake Emergency Trigger, as defined in Section 65A-17-101; and other significant changes or unforeseen circumstances determined by the division. The division may review and adjust the Base Royalty Rate only upon or after the conclusion of the primary term.

Utah Admin. Code R652-21-807

Adopted by Utah State Bulletin Number 2024-20, effective 10/8/2024