73-28-404. Repayments returned to Water Resources Conservation and Development Fund -- Establishment of an enterprise fund.
(1) The board shall deposit, in accordance with Section, into the Water Resources Conservation and Development Fund: 51-4-1 repayments of preconstruction and construction costs; and the interest charged.
(2) There is created an enterprise fund, as defined in Subsection, entitled the "Lake Powell Pipeline Project Operation and Maintenance Fund." 51-5-4(8) The fund consists of: revenues received from the sale of developed water that is designated for project operation, maintenance, repair, and replacement costs; revenues received from the sale of electricity that are deposited in the fund in accordance with Subsection; and 73-28-203(3) all interest earned by the fund.
(3) Notwithstanding Section, the Legislature may not appropriate any money from the Lake Powell Pipeline Project Operation and Maintenance Fund. 63J-1-211
(4) The state treasurer shall: invest the money in the enterprise fund by following the procedures and requirements of; and Title 51, Chapter 7, State Money Management Act deposit all interest or other earnings derived from those investments into the Lake Powell Pipeline Operation and Maintenance Fund.
(5) The committee shall approve the expenditure of fund money to cover the project operation, maintenance, repair, and replacement costs, subject to: money available in the fund; and rules established by the board under Subsection. 73-28-104(2)
(6) If title to the project is transferred under Section, the agreement shall direct the disposition of the money remaining in the fund. 73-28-405