Terms Used In Utah Code 73-26-402

• Board: means the Board of Water Resources. See Utah Code 73-26-103
• Contract: A legal written agreement that becomes binding when signed.
• 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
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• 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}