Section R850-140-800 - Supporting Transactions1. The agency may enter into supporting transactions as necessary to promote prudent and profitable development of trust lands designated as development properties.2. The purchase, sale or exchange of land in connection with a supporting transaction shall be supported by either an appraisal or a detailed internal analysis of value.3. The board must approve any proposed supporting transaction that involves the purchase, sale or exchange of land having a value in excess of $500,000.Utah Admin. Code R850-140-800
Amended by Utah State Bulletin Number 2022-20, effective 10/11/2022