Utah Code § 63A-5b-703
Agency lease payments
Utah · Utah Code Title 63A — Utah Government Operations Code · Status: effective
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- Citation
- Utah Code § 63A-5b-703, Agency lease payments, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2345923
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Full text
(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.