Affected by 63I-1-273 on 12/31/2030
Effective 5/12/2020
73-31-104. Objectives of water banks.
The objectives in creating a water bank are to:
- (1) promote:
- (a) the optimal use of the public’s water;
- (b) transparency and access to water markets;
- (c) temporary, flexible, and low cost water transactions between water users; and
- (d) Utah’s agricultural economy by providing access to water resources and income for Utah’s agricultural industry; and
- (2) facilitate:
- (a) robust and sustainable agricultural production while meeting growing municipal and industrial water demands, such as fallowing arrangements;
- (b) water quality improvement;
- (c) water rights administration and distribution; and
- (d) a healthy and resilient natural environment.
Enacted by Chapter 342, 2020 General Session