73-31-205. Review of statutory bank application.
(1) After complying with Sectionsand, the board shall approve an application if the application satisfies Section, which is to be liberally interpreted by the board to facilitate the objectives described in Section. 73-31-203 73-31-204 73-31-202 73-31-104
(2) In approving an application, the board shall: issue an order approving the statutory water bank; approve persons to serve as the initial members of the governing body in accordance with the proposed statutory water bank's structure and Section; and 73-31-202 publish the approved application on the water banking website.
(3) If the board denies an application, the board shall issue a written explanation to the applicant that sets forth the reason for denial, provided that the board's decision regarding an application does not create a right of appeal under. Title 63G, Chapter 4, Administrative Procedures Act