| (1) |
As used in this section:
Terms Used In Utah Code 73-2-1.6- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
| (a) |
“Account” means the Water Rights Restricted Account created by this section. |
| (b) |
“Division” means the Division of Water Rights. |
|
| (2) |
There is created in the General Fund a restricted account known as the “Water Rights Restricted Account.” |
| (3) |
The account shall consist of the money deposited into the account under Subsection 59-12-103(5)(e). |
| (4) |
Upon appropriation, the division may use money in the account for costs incurred by the division that benefit water rights adjudications, including:
| (a) |
employing technical staff; |
|
| (5) |
| (a) |
The account may not exceed $8,000,000 at the end of a fiscal year. |
| (b) |
If the account exceeds $8,000,000 at the end of a fiscal year, the Division of Finance shall deposit into the Water Resources Conservation and Development Fund, created in Section 73-10-24, the money in excess of the amount necessary to maintain the account balance at $8,000,000. |
|
Enacted by Chapter 106, 2022 General Session
