Charges for use -- Interest.

1. Law
2. Utah Code
3. Water and Irrigation
4. Board of Water Resources - Division of Water Resources
5. Charges for use -- Interest.

• (1) As used in this section, "board" means the Board of Water Resources created in Section 73-10-1.5.

• (2) The board shall establish:
  • (a) a charge for the use of water, power, or a facility based on:
    • (i) a contractual agreement approved by the board for a project owned by the state; and
    • (ii) the ability of an individual project to return the investment to the state; and
  • (b) an interest rate for the money the board lends to finance a project based on:
    • (i) market conditions;
    • (ii) the repayment ability of the project; and
    • (iii) other factors considered relevant by the board.

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