Agreement for delivery -- Period for repayment of costs.
Utah Code § 73-28-402
in effect73-28-402. Agreement for delivery -- Period for repayment of costs.
(1) The board and each district shall establish by contract the timing and amount of developed water to be delivered to the district.
(2) If a contract was made before the project's completion, the district shall repay the preconstruction and construction costs within 50 years from the date of:
(a) the delivery of developed water to the district during the first 10 years after the project is completed; or
(b) the project's completion for any developed water delivered to the district after the tenth anniversary date of the project's completion.
(3) If a contract was made after the project's completion date, the district shall repay the preconstruction and construction costs within a period not to exceed 50 years from the date that the contract was made.
(4) The board shall establish and charge a reasonable interest rate for the unpaid balance of reimbursable preconstruction and construction costs.
Enacted by Chapter 216, 2006 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title73/Chapter28/73-28-S402.html?v=C73-28-S402_1800010118000101Fetched: 10/26/2026