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Utah Code Title 63A. Utah Government Operations Code § 63A-5b-703. Agency lease payments

Current as of January 01, 2025 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Utah Code Title 63A. Utah Government Operations Code § 63A-5b-703. Agency lease payments - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-63a-utah-government-operations-code/ut-code-sect-63a-5b-703/

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