H.R. 2063: To prohibit natural asset companies from entering into any agreement with respect to land in the State of Utah or natural assets on or in land in the State of Utah.

This bill aims to prevent "natural asset companies" from making any agreements concerning land or natural resources located in Utah.

Definition of Natural Asset Companies

The term "natural asset company" within this bill refers to:

• A corporation that:
  • Holds rights to the ecological performance of a specific area, and
  • Has authority to manage that area for purposes such as conservation, restoration, or sustainable management.
• Any company or organization that closely resembles the type of corporation described above.

What the Bill Prohibits

The bill explicitly prohibits any natural asset company from entering into agreements regarding:

• Land within the State of Utah,
• Natural resources found on or beneath the land in Utah.

The intention behind this legislation is to limit the involvement of natural asset companies in managing or utilizing Utah's land and natural resources.

Implications

Should this bill become law, it would mean that natural asset companies would not be able to operate or enter into contracts related to the specified lands and assets in Utah. This could influence environmental conservation efforts, land use policies, and economic activities associated with these natural resources.

Relevant Companies

None found