Utah Code 73-10g-204. Agricultural Water Optimization Account
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(1) There is created a restricted account within the General Fund called the “Agricultural Water Optimization Account.”
Terms Used In Utah Code 73-10g-204
- Account: means the Agricultural Water Optimization Account created in Section
73-10g-204 . See Utah Code 73-10g-203.5 - Agricultural water optimization: means the implementation of agricultural and water management practices that maintain viable agriculture without increasing water depletion to enhance water availability and minimize impacts on water supply, water quality, and the environment. See Utah Code 73-10g-203.5
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Conservation commission: means the conservation commission created in Section
4-18-104 . See Utah Code 73-10g-203.5 - Department: means the Department of Agriculture and Food. See Utah Code 73-10g-203.5
- Restricted account: means the Water Infrastructure Restricted Account created in Section
73-10g-103 . See Utah Code 73-10g-102
(2) The account consists of:
(2)(a) appropriations from the Legislature;
(2)(b) federal funds; and
(2)(c) grants or donations from other public or private sources.
(3) Subject to appropriation, the conservation commission may use money in the account to issue grants in accordance with Section 73-10g-206 to improve agricultural water optimization.
(4) Until December 31, 2024, the department may loan up to $3,000,000 of General Fund money in the account to the Agriculture Resource Development Fund, subject to the conditions described in Section 4-18-106.
(5)
(5)(a) The department shall maintain the account and record the debits and credits made to the account by the department.
(5)(b) The Office of the Treasurer shall deposit interest and other earnings derived from investment of money in the account into the account.
(6) The department and the Department of Natural Resources may use money in the account for the administration of this part, except that the aggregate amount expended under this Subsection (6) may not exceed 1.5% of the money appropriated to the grant program described in Section 73-10g-206.