Utah Code 73-31-104. Objectives of water banks
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The objectives in creating a water bank are to:
(1) promote:
Terms Used In Utah Code 73-31-104
- Water bank: means a contract water bank or a statutory water bank. See Utah Code 73-31-102
(1)(a) the optimal use of the public’s water;
(1)(b) transparency and access to water markets;
(1)(c) temporary, flexible, and low cost water transactions between water users; and
(1)(d) Utah’s agricultural economy by providing access to water resources and income for Utah’s agricultural industry; and
(2) facilitate:
(2)(a) robust and sustainable agricultural production while meeting growing municipal and industrial water demands, such as fallowing arrangements;
(2)(b) water quality improvement;
(2)(c) water rights administration and distribution; and
(2)(d) a healthy and resilient natural environment.