73-31-104. Objectives of water banks.
The objectives in creating a water bank are to:
(1) promote: the optimal use of the public's water; transparency and access to water markets; temporary, flexible, and low cost water transactions between water users; and Utah's agricultural economy by providing access to water resources and income for Utah's agricultural industry; and
(2) facilitate: robust and sustainable agricultural production while meeting growing municipal and industrial water demands, such as fallowing arrangements; water quality improvement; water rights administration and distribution; and a healthy and resilient natural environment.