Terms Used In Utah Code > Title 73 > Chapter 28 > Part 4 - Financing and Cost Recovery

• Board: means the Board of Water Resources. See Utah Code 73-28-103
• Committee: means the Project Management Committee created in Section 73-28-105. See Utah Code 73-28-103
• Construction costs: means all costs related to the construction of the project, including the environmental mitigation costs. See Utah Code 73-28-103
• Contract: A legal written agreement that becomes binding when signed.
• Developed water: means surface water developed by the project. See Utah Code 73-28-103
• District: means :
       (5)(a) the Central Iron County Water Conservancy District;
       (5)(b) the Kane County Water Conservancy District;
       (5)(c) the Washington County Water Conservancy District; or
       (5)(d) any combination of those districts listed in Subsections (5)(a) through (c). See Utah Code 73-28-103
• 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}
• Preconstruction costs: means any of the following costs incurred before project construction begins:
       (8)(a) planning;
       (8)(b) design;
       (8)(c) engineering studies;
       (8)(d) legal work;
       (8)(e) permitting;
       (8)(f) acquisition of land and rights-of-way;
       (8)(g) compensation for impairment of existing water rights;
       (8)(h) environmental studies; or
       (8)(i) any combination of Subsections (8)(a) through (h). See Utah Code 73-28-103
• Project: means the Lake Powell Pipeline project and associated facilities, including:
            (9)(a)(i) facilities associated with environmental mitigation;
            (9)(a)(ii) hydroelectric generating works and incidental electrical facilities;
            (9)(a)(iii) pipelines; and
            (9)(a)(iv) pumping stations. See Utah Code 73-28-103
• Project costs: include preconstruction costs, construction costs, and project operation, maintenance, repair, and replacement costs. See Utah Code 73-28-103
• State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5