The division shall set prices for the sale or lease of developed water sufficient to:

(1) recover the reimbursable construction and environmental mitigation costs within the time period specified in Section 73-26-504 and pay for the interest on those costs;

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Terms Used In Utah Code 73-26-506

  • Division: means the Division of Water Resources. See Utah Code 73-26-103
  • Environmental mitigation costs: means costs that may be required by federal, state, or local governmental agencies for project environmental permitting, including:
         (5)(a) planning;
         (5)(b) environmental and engineering studies;
         (5)(c) permitting;
         (5)(d) acquisition of land and rights-of-way; and
         (5)(e) operation, maintenance, and repair of facilities associated with project environmental mitigation. See Utah Code 73-26-103
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(2) pay for operation and maintenance costs; and
(3) accumulate an adequate reserve for repair and replacement.