Utah § 73-26-203 Time period for submission of offers to purchase  or lease water -- Oversubscription of water -- Allocation procedure.

Utah Statutes

§ 73-26-203 — Time period for submission of offers to purchase or lease water -- Oversubscription of water -- Allocation procedure.

Utah·Title 73 Water and Irrigation·Ch. 73-26 Bear River Development Act·Part 73-26-2 Allocation of Developed Waters

(1)When a project authorized under this chapter is under development, the division shall establish a period of time during which the entities specified in Section 73-26-201 may offer to purchase or lease water developed by the project.

(2)(2)(a) If, in the time period established under Subsection (1), the division receives offers to purchase or lease more water than can be made available through the project, the board shall allocate the water among the interested purchasers.

(2)(b) In determining the allocations, the board:

(2)(b)(i) shall give priority in the following order to:

(2)(b)(i)(A) municipal and industrial water needs;

(2)(b)(i)(B) agricultural water needs; and

(2)(b)(i)(C) all other water uses; and

(2)(b)(ii) may proportionately reduce each offer.

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(1) When a project authorized under this chapter is under development, the division shall establish a period of time during which the entities specified in Section 73-26-201 may offer to purchase or lease water developed by the project.
(2) (2)(a) If, in the time period established under Subsection (1), the division receives offers to purchase or lease more water than can be made available through the project, the board shall allocate the water among the interested purchasers.
(2)(b) In determining the allocations, the board:
(2)(b)(i) shall give priority in the following order to:

(2)(b)(i)(A) municipal and industrial water needs;
(2)(b)(i)(B) agricultural water needs; and
(2)(b)(i)(C) all other water uses; and
(2)(b)(ii) may proportionately reduce each offer.

Utah § 73-26-203 (Time period for submission of offers to purchase or lease water -- Oversubscription of water -- Allocation procedure.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.