Section 202 – Collection and distribution of revenues from federal land exchange parcels.

53C-3-202. Collection and distribution of revenues from federal land exchange parcels. (1) The director shall collect all bonus payments, rentals, and royalties from the lease of: (a) minerals on acquired lands; (b) acquired mineral interests; (c) minerals on exchanged lands; and (d) exchanged mineral interests. (2) No later than the last day of the second […]

Section 203 – Land Exchange Distribution Account.

Affected by 63I-1-253 on 7/1/2030 Effective 5/12/2020 53C-3-203. Land Exchange Distribution Account. (1) As used in this section, “account” means the Land Exchange Distribution Account created in Subsection (2)(a). (2) (a) There is created within the General Fund a restricted account known as the Land Exchange Distribution Account. (b) The account shall consist of revenue […]