Objectives of water banks.

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.