Utah § 73-3d-403 Security requirements.

Utah Statutes

§ 73-3d-403 — Security requirements.

Utah § 73-3d-403

Title 73Water and Irrigation

Ch. 73-3dWater Preferences During Emergencies

Part 73-3d-4Compensation

This text of Utah § 73-3d-403 (Security requirements.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 73-3d-403 (2026).

Text

(1)As a condition of participating in mediation or arbitration under Section 73-3d-402, a person specified in the executive order declaring a temporary water shortage emergency shall post with the department a corporate surety bond, irrevocable letter of credit, trust fund agreement, or any other security agreement considered reasonable in an amount not less than $100,000.

(2)The bond or other security posted shall be conditioned upon:

(2)(a) the faithful performance in mediation or arbitration; and

(2)(b) the payment of amounts owed under Section 73-3d-402.

(3)If the department determines that the conditions of Subsection (2) are not met, the commissioner of the department shall bring an action upon the bond or other security.

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(1) As a condition of participating in mediation or arbitration under Section 73-3d-402, a person specified in the executive order declaring a temporary water shortage emergency shall post with the department a corporate surety bond, irrevocable letter of credit, trust fund agreement, or any other security agreement considered reasonable in an amount not less than $100,000.
(2) The bond or other security posted shall be conditioned upon:

(2)(a) the faithful performance in mediation or arbitration; and
(2)(b) the payment of amounts owed under Section 73-3d-402.
(3) If the department determines that the conditions of Subsection (2) are not met, the commissioner of the department shall bring an action upon the bond or other security.