Current through Bulletin 2024-23, December 1, 2024
Section R850-170-1100 - Renewable Energy Lease ProvisionsEach lease must contain provisions necessary to ensure responsible management of trust lands, including those provisions enumerated under Section 53C-4-202 and the following provisions:
1. the term of the lease;2. the lease rate and other payments due to the agency;3. reporting of technical and financial data;4. reservation for mineral exploration and development and other compatible uses, unless waived by the director;5. operation requirements;6. lessee's consent to suit in any dispute arising under the terms of the lease or as a result of operations carried on under the lease;7. procedures of notification;8. transfers of lease interest by lessee;9. terms and conditions of lease forfeiture; and10. protection of the state from liability associated with the actions of the lessee on the subject property.Utah Admin. Code R850-170-1100
Adopted by Utah State Bulletin Number 2022-16, effective 8/8/2022