73-28-405 - Transfer of title to project and water rights to districts.
73-28-405. Transfer of title to project and water rights to districts.
(1) The board shall convey the project's title and its associated water rights to the districtsif:
(a) the state has been fully compensated for all of its reimbursable costs;
(b) the board finds that the conveyance of the project's title would be in the best interestof the state, the districts, and those receiving developed water; and
(c) the districts enter into an agreement with each other and the board that would ensurethe continued operation, maintenance, repair, and replacement of the project.
(2) The board shall convey the project's title and its associated water rights to the districtsin proportion to the amount each district paid for the developed water it received.
Enacted by Chapter 216, 2006 General Session