§ 73-31-104. Objectives of water banks.

The objectives in creating a water bank are to: (1) promote: (a) the optimal use of the public's water; (b) transparency and access to water markets; (c) temporary, flexible, and low cost water transactions between water users; and (d) Utah's agricultural economy by providing access to water resources and income for Utah's agricultural industry; and (2) facilitate: (a) robust and sustainable agricultural production while meeting growing municipal and industrial water demands, such as fallowing arrangements; (b) water quality improvement; (c) water rights administration and distribution; and (d) a healthy and resilient natural environment.