Utah Code 73-26-507. Repayments returned to Water Resources Conservation and Development Fund — Deposit of remaining revenue — Division of Finance authorized to establish accounts
Current as of: 2024 | Check for updates
|
Other versions
(1) Repayments of construction and environmental mitigation costs, the interest charged, and excess hydropower charges shall be deposited in the Water Resources Conservation and Development Fund.
Terms Used In Utah Code 73-26-507
- 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(2) The Division of Finance shall establish an enterprise fund, in accordance with Section
51-5-4 and generally accepted accounting principles, for the deposit of revenues designated for operation, maintenance, repair, and replacement.(3) The Division of Finance may establish accounts as necessary or desirable to accomplish the purposes of this chapter.