Utah § 73-31-501 - Banking water.

Full text of Utah Utah Code § 73-31-501 — Banking water., with citation guidance and answers to common questions.

§ 73-31-501. Banking water.

Effective 5/12/2020
73-31-501.  Banking water.
(1) A water right may be deposited with a water bank pursuant to an approved change application filed under Section 73-3-3 or 73-3-3.5.
(2) The state engineer may not approve a change application that authorizes the use of a water right within a water bank for any period of time that exceeds December 31, 2030.
(3) A banked water right is excused from beneficial use requirements pursuant to Subsection 73-1-4(2)(e)(xi).
(4) A depositor of a banked water right may use the banked water right in its heretofore use if:
(a) the depositor does so under the authority, control, and accounting of the water bank;
(b) the water bank informs the state engineer that the depositor's heretofore use is consistent with the water bank's operating procedures for loaned water rights; and
(c) during the time the depositor uses the banked water right in its heretofore use, the water bank does not allow the banked water right to be used for other uses within the water bank.
(5) If an entity authorized to condemn a water right leases a water right under this chapter, the entity may not begin the process of condemning the water right:
(a) while the entity leases the water right under this chapter; or
(b) within five years after the day on which the entity's lease of the water right under this chapter ends.


Enacted by Chapter 342, 2020 General Session

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Frequently Asked Questions About Utah § 73-31-501

What does Utah Code § 73-31-501 cover?

Section 73-31-501 ("Banking water.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 73-31-501?

A common citation format is "Utah Code § 73-31-501" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 73-31-501 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Utah.