73-26-203 - Time period for submission of offers to purchase or lease water -- Oversubscription of water -- Allocation procedure. - Utah Statutes

73-26-203. Time period for submission of offers to purchase or lease water --Oversubscription of water -- Allocation procedure.
(1) When a project authorized under this chapter is under development, the division shallestablish a period of time during which the entities specified in Section 73-26-201 may offer topurchase or lease water developed by the project.
(2) (a) If, in the time period established under Subsection (1), the division receives offersto purchase or lease more water than can be made available through the project, the board shallallocate the water among the interested purchasers.
(b) In determining the allocations, the board:
(i) shall give priority in the following order to:
(A) municipal and industrial water needs;
(B) agricultural water needs; and
(C) all other water uses; and
(ii) may proportionately reduce each offer.

Enacted by Chapter 251, 1991 General Session