This bill would ban “natural asset companies” from making any kind of agreement involving land in Utah, or the natural resources and environmental benefits on or under that land. A “natural asset company” is defined as a corporation (or similar organization) that holds rights to the ecological performance of an area and manages it for conservation, restoration, or sustainable use.

Key points:

• Who is affected: Natural asset companies, and any parties that might contract with them in Utah.
• What changes: These companies could not enter into agreements about Utah land or the natural assets on or in that land.
• Where: The State of Utah.