§ 63M-14-501 — Colorado River Authority Restricted Account.

(1) There is created a restricted account in the General Fund known as the "Colorado River Authority Restricted Account."
(2) The restricted account shall consist of:

(2)(a) money contributed by the following users of the Colorado River system in an amount that the respective governing bodies considers advisable:
(2)(a)(i) an irrigation district;
(2)(a)(ii) a nonprofit corporation;
(2)(a)(iii) a water conservancy district;
(2)(a)(iv) a municipality; or
(2)(a)(v) a metropolitan water district;
(2)(b) appropriations of the Legislature;
(2)(c) contributions from other sources, including federal funding; and
(2)(d) interest or earnings on the restricted account.
(3) (3)(a) The state treasurer shall invest money in the restricted account according to Title 51, Chapter 7, State Money Management Act.
(3)(b) The state treasurer shall deposit interest or other earnings derived from investment of restricted account money into the restricted account.
(4) Subject to appropriation by the Legislature, money in the restricted account is for the use of the authority to:

(4)(a) fill the authority's statutory duties related to Utah's allocation of water from the Colorado River system;
(4)(b) pay the compensation of employees, consultants, and legal counsel; and
(4)(c) pay the travel expenses of the river commissioner.
(5) In addition to money contributed by the users of the Colorado River system described in Subsection (2)(a), a user may provide in-kind goods and services to the authority.

Legislative History

Enacted by Chapter 179, 2021 General Session