2006 Utah Code - 17A-2-1432 — Board may dispose of water under term contracts.

     17A-2-1432.   Board may dispose of water under term contracts.
     The board may sell, lease or otherwise dispose of the use of water by term contracts or by contracts for the perpetual use of such water to persons, public corporations, mutual ditch companies, water users' associations and other private corporations as shall be provided by contracts, in writing, authorized and entered into by the board; and, except where the contract requires the purchasing party to pay for certain specified annual minimums, where the water is available for it without regard to actual taking or use, the board shall require that security be given to secure the payment to be made under such contract or contracts. In contracts with public corporations the security requirement may be met by including appropriate provisions for the levying by such corporations of special assessments to meet annual payments to the district.

Renumbered and Amended by Chapter 186, 1990 General Session