- (1) After applying an applicable Royalty Rate Deduction and verifying an Operator's qualifications for a Royalty Rate Deduction, a Final Royalty Rate shall be provided to the Operator in an Operations Royalty Agreement executed with the division.
- (2) An Operations Royalty Agreement is required before the production, processing, and sale of any Great Salt Lake Element or Mineral.
- (3) A Final Royalty Rate is further subject to the Variable-Rate Royalty Schedule provided in Section R652-21-1006.
KEY: mineral extraction; Great Salt Lake.
Date of Last Change: October 8, 2024
Authorizing, and Implemented or Interpreted Law: 65A-1-4; 65A-6-2; 65A-6-4; 65A-17-102; 65A-17-201; 65A-17-202; 65A-17-203; 65A-17-302; 65A-17-303; 65A-17-304; and 65A-17-306.