(1) (a) Beginning July 1, 2020, the division shall implement a program to charge agencies, except institutions of higher education, lease payments for the agency's use and occupancy of space within a building. (b) Before July 1, 2020, the division shall: (i) conduct a market analysis of market lease rates for comparable space in buildings comparable to division-owned buildings; and (ii) establish lease rates for an agency's use and occupancy of a division-owned building. (c) The lease rates shall be: (i) consistent with market rates for comparable space in comparable buildings; (ii) calculated to cover: (A) an amortized amount for capital replacement; (B) an amount for capital improvements; and (C) operation and maintenance costs; and (iii) in proportion to legislative appropriations. (2) In making appropriations to cover lease payments under this section, the Legislature shall create a line item, as defined in Section 63J-1-102, for each agency to fund the lease payments. Acquisitions of Real Property Interests
‹ Prev All Utah sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.