The
board, in consultation with the
committee, shall establish prices for the
developed water sold to the districts and electricity sufficient to:
| (1) |
recover the reimbursable preconstruction costs, construction costs, and interest on those costs within the time period specified in Section 73-28-402; |
Terms Used In Utah Code 73-28-403
- 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
- Developed water: means surface water developed by the project. See Utah Code 73-28-103
- District: means :
| (a) | the Central Iron County Water Conservancy District; |
| (b) | the Kane County Water Conservancy District; |
| (c) | the Washington County Water Conservancy District; or |
| (d) | any combination of those districts listed in Subsections (5)(a) through (c). See Utah Code 73-28-103- Preconstruction costs: means any of the following costs incurred before project construction begins:
| (f) | acquisition of land and rights-of-way; |
| (g) | compensation for impairment of existing water rights; |
| (h) | environmental studies; or |
| (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:
| (i) | facilities associated with environmental mitigation; |
| (ii) | hydroelectric generating works and incidental electrical facilities; |
| (3) |
accumulate an adequate reserve for repair and replacement; and |
| (4) |
allocate the proportionate cost of the project facilities required to deliver the developed water to each district. |
Enacted by Chapter 216, 2006 General Session
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