The Utah Code Chapter 73-31, known as the Water Banking Act, established a framework for water banking operations within the state. This chapter has been effective since May 12, 2020.
The legislative structure of the Water Banking Act is organized into several parts. These include general provisions and regulations for both statutory water banks and contract water banks.
Additionally, the code governs reporting requirements by water banks, the management of deposits, and board reports.
The code notes that these provisions will be affected by 63I-1-273 on December 31, 2030.
