73-10-28. Charges for use -- Interest.

117 words·~1 min read·/ut/title-73/chapter-10/73-10-28

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)As used in this section, "board" means the Board of Water Resources created in Section 73-10-1.5 .

(2)The board shall establish:

(a)a charge for the use of water, power, or a facility based on:

(i)a contractual agreement approved by the board for a project owned by the state; and

(ii)the ability of an individual project to return the investment to the state; and

(b)an interest rate for the money the board lends to finance a project based on:

(i)market conditions;

(ii)the repayment ability of the project; and

(iii)other factors considered relevant by the board.

Amended by Chapter 267 , 2008 General Session