- 1. The agency may enter into supporting transactions as necessary to promote prudent and profitable development of trust lands designated as development properties.
- 2. The purchase, sale or exchange of land in connection with a supporting transaction shall be supported by either an appraisal or a detailed internal analysis of value.
- 3. The board must approve any proposed supporting transaction that involves the purchase, sale or exchange of land having a value in excess of $500,000.
KEY: development, land sale, real estate
Date of Last Change: October 11, 2022
Notice of Continuation: September 9, 2021
Authorizing, and Implemented or Interpreted Law: 53C-2-201; 53C-4-101(1); 53C-4-103