Section R850-80-300 - Determination of Fair Market(1) If the director determines that the sale of a parcel of trust lands is in the best interest of the beneficiaries, the agency shall determine the fair market value of the parcel. In determining the fair market value of a parcel, the agency may consider:(b) a market analysis, including evaluation of real estate trends, market demand, opportunity costs of the sale, and the management costs of retention; and/or(c) other information that the agency considers relevant.(2) The agency shall evaluate whether taking prudent and cost-effective actions would increase the fair market value of the parcel.Utah Admin. Code R850-80-300
Amended by Utah State Bulletin Number 2021-12, effective 6/8/2021Amended by Utah State Bulletin Number 2021-13, effective 6/8/2021