1. (1) Royalties due and owing under an Operations Royalty Agreement shall be paid to the state within 30 days of the end of each fiscal quarter.

2. (2) Each Operator shall attach a complete royalty report on a form authorized by the division, that requires the Operator to:

   1. (a) provide Self-Certification of the total amount of product extracted, produced, and sold during the applicable quarter;
   2. (b) if applicable, and to demonstrate ongoing qualification for a Royalty Rate Deduction, provide Self-Certification of the use of Non-Evaporative Technologies to produce the Great Salt Lake Element or Mineral;
   3. (c) identify the Sale Price and Variable-Rate Royalty applied to the commodity sold during the quarter; and
   4. (d) identify any other information required by the division.
3. (3) During the term of the Operations Royalty Agreement, an Operator shall submit a royalty report to the division within 30 days of the end of each fiscal quarter.

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.