R850-90-700. Private Exchange Procedures

1. Political subdivisions of the state and agencies of the federal government shall be eligible for private exchange. 2. To determine that a private exchange is in the best interests of the trust beneficiaries, advertising to provide notice of this action shall be required pursuant to Subsection 53C-4-102(3). The cost of this advertising shall be negotiated. 3. Any agency rules governing land exchanges shall apply to private exchanges except Sections R850-90-400 and R850-90-500. Subsections R850-90-300(2), R850-90-500(2), and R850-90-900(4) may be waived when the agency is a co-applicant.