- (1) The director may enter into other business arrangements (OBAs), such as joint venture and lease to sell agreements, that are consistent with the purposes of Title 53C, School and Institutional Trust Lands Management Act.
- (2) OBAs are exempt from Rule R850-30.
- (3) OBAs and any amendments to OBAs must be approved by the board.
KEY: administrative procedures, leases, trust land management, request for proposals
Date of Last Change: September 15, 2025
Notice of Continuation: May 26, 2022
Authorizing, and Implemented or Interpreted Law: 53C-1-302(1)(a); 53C-4-101(1); 53C-4-104; 53C-4-202