Utah Code 73-26-506. Water charges
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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;
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.