Authorized use of the Water Infrastructure Restricted Account.
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(1) the development of the state's undeveloped share of the Bear and Colorado rivers, pursuant to existing interstate compacts governing both rivers as described in Chapter 26, Bear River Development Act, and Chapter 28, Lake Powell Pipeline Development Act;
(2) repair, replacement, or improvement of federal water projects for local sponsors in the state of Utah when federal funds are not available; and
(3) study and development of rules, criteria, targets, processes, and plans, as described in Subsection 73-10g-105(3).