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Utah Code Title 73. Water and Irrigation § 73-10-25. Contents of fund--Investment--Contributions

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) The Water Resources Conservation and Development Fund consists of:

(a) money appropriated to it by the Legislature;

(b) money received from the sale of project water and power, less operating and maintenance costs;

(c) annual payments on contracts for projects constructed under Section 73-10-24 or the State Water Conservation Program; and

(d) other money or tax revenues designated by the Legislature to be credited to the Water Resources Conservation and Development Fund.

(2) Money deposited into the Water Resources Conservation and Development Fund shall be invested by the state treasurer with interest accruing to the Water Resources Conservation and Development Fund, except for payments, if any, necessary to comply with Section 148(f), Internal Revenue Code of 1986.  1

(3) A contribution of money, property, or equipment may be received from a political subdivision of the state, federal agency, water users' association, or person for use in carrying out the purposes of Section 73-10-24.

(4) Notwithstanding Subsection (1), the division shall transfer a payment on a loan to the Water Infrastructure Restricted Account, created in Section 73-10g-103, if the loan:

(a) is issued from the Water Resources Conservation and Development Fund on or after July 1, 2023; and

(b) relates to a project described in Subsection 73-10g-104(4).

1 26 U.S.C.A. § 148.
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Cite this article: FindLaw.com - Utah Code Title 73. Water and Irrigation § 73-10-25. Contents of fund--Investment--Contributions - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-73-water-and-irrigation/ut-code-sect-73-10-25/

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