Section 501 – Colorado River Authority Restricted Account.

• (1) There is created a restricted account in the General Fund known as the “Colorado River Authority Restricted Account.”

• (2) The restricted account shall consist of:
  • (a) money contributed by the following users of the Colorado River system in an amount that the respective governing bodies considers advisable:
    • (i) an irrigation district;
    • (ii) a nonprofit corporation;
    • (iii) a water conservancy district;
    • (iv) a municipality; or
    • (v) a metropolitan water district;
  • (b) appropriations of the Legislature;
  • (c) contributions from other sources, including federal funding; and
  • (d) interest or earnings on the restricted account.

• (3)
  • (a) The state treasurer shall invest money in the restricted account according to Title 51, Chapter 7, State Money Management Act.
  • (b) The state treasurer shall deposit interest or other earnings derived from investment of restricted account money into the restricted account.

• (4) Subject to appropriation by the Legislature, money in the restricted account is for the use of the authority to:
  • (a) fill the authority’s statutory duties related to Utah’s allocation of water from the Colorado River system;
  • (b) pay the compensation of employees, consultants, and legal counsel; and
  • (c) pay the travel expenses of the river commissioner.

• (5) In addition to money contributed by the users of the Colorado River system described in Subsection (2)(a), a user may provide in-kind goods and services to the authority.

Enacted by Chapter 179, 2021 General Session