Title 63A. Utah Administrative Services Code Chapter 1
A-5b-806 Division rules on the value of property bought or exchanged -- Exception
63A-5b-806 Division rules on the value of property bought or exchanged -- Exception.
The division shall
, in accordance with Title 63G, Chapter 3, Utah
Administrative Rulemaking Act
make rules to ensure that
, if the division buys
or exchanges real property
, the value of the real property is congruent with the proposed price and other terms of the purchase or exchange.
(2) The rules:
(a) shall establish procedures for determining
the value of the real property
may provide that an appraisal
, as defined in Section 61-2g-102, demonstrates the real property’s value; and
(c) may require that the appraisal be completed by a state-certified
, as defined in Section 61-2g-102.
(3) The rules adopted under Subsection (1) do not apply to the purchase
or exchange of real property
an interest in real property
, with a value of less than $250,000, as estimated by the division.
Renumbered and Amended by Chapter 152, 2020
Title63A -> Part 3 Accounts Receivable Collection
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Title63A -> Chapter 1 Department of Administrative Services
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