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UTAH STATUTES AND CODES
10-7-5 - Limitations on lease or purchase.
10-7-5. Limitations on lease or purchase.
It is not lawful for any city or town to lease or purchase any part of such waterworks lessthan the whole, or to lease the same, unless the contract therefor shall provide that the city ortown shall have control thereof and that the net revenues therefrom shall be dividedproportionately to the interests of the parties thereto; said contract shall also provide a list ofwater rates to be enforced during the term of such contract.
It is not lawful for any city or town to lease or purchase any part of such waterworks lessthan the whole, or to lease the same, unless the contract therefor shall provide that the city ortown shall have control thereof and that the net revenues therefrom shall be dividedproportionately to the interests of the parties thereto; said contract shall also provide a list ofwater rates to be enforced during the term of such contract.
Amended by Chapter 378, 2010 General Session
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