A bill 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.
About This Bill
Committee
Latest Action · March 11, 2025
Read twice and referred to the Committee on Energy and Natural Resources.
S. 941 would prohibit "natural asset companies" from entering into any agreements involving land or natural resources in Utah. A natural asset company is defined as a corporation that holds rights to the ecological performance of a specific area and manages it for conservation or restoration purposes, as well as any substantially similar organizations. The bill imposes a blanket ban on these types of companies operating in Utah, effectively preventing them from acquiring rights, entering contracts, or conducting business related to the state's land and natural assets. The legislation was introduced in March 2025 by two Utah senators and contains no specified funding or implementation timeline, functioning instead as a direct prohibition on a particular business model in the state.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.