Utah Administrative Code
Topic - Natural Resources
Title R653 - Water Resources
Rule R653-2 - Financial Assistance from the Board of Water Resources
Section R653-2-2 - Description of Revolving Loan Programs
Universal Citation: UT Admin Code R 653-2-2
Current through Bulletin 2024-18, September 15, 2024
(1) The Board of Water Resources (Board) administers three revolving construction funds: the Revolving Construction Fund, the Cities Water Loan Fund, and the Conservation and Development Fund. Funding is available for projects that conserve, protect, or more efficiently use present water supplies, develop new water, or provide flood control. Project facilities may be constructed in another state if project water is to be used within the state of Utah.
(a) The
Board will fund projects based on the following prioritization system:
(i) Projects which involve public health
problems, safety problems, or emergencies.
(ii) Municipal water projects that are
required to meet an existing or impending need.
(iii) Agricultural water projects that
provide a significant economic benefit for the local area.
(iv) Projects which will receive a large
portion of their funding from other sources.
(v) Projects not included in items 1-4, but
which have been authorized by the Board, are funded on a
first-come-first-served basis.
(b) The Board will not fund the following
types of projects:
(i) Projects that are, in
the opinion of the Board, routine or regularly occurring system operation and
maintenance.
(ii) Domestic water
systems where fewer than 50% of the residents live in the project area
year-round.
(iii) Projects
sponsored by developers.
(iv)
Projects sponsored by individuals or families.
(c) General guidelines of each of the Board's
funding programs are:
(i) Revolving
Construction Fund (RCF):
(A) In the RCF, the
Board will accept applications from incorporated groups such as mutual
irrigation and water companies.
(B)
The RCF advances financial assistance to the following types of projects:
(1) Irrigation projects where the Board's
share of the cost is less than $1,000,000.
(2) Rural culinary projects where the Board's
share of the cost is less than $1,000,000 that involve mutual irrigation and
water companies.
(3) Dam Safety
Studies and Upgrades
(C)
Staff will prepare a feasibility report, in which they will recommend repayment
terms. Interest will not be charged.
(ii) Cities Water Loan Fund (CWLF):
(A) Through the CWLF, the Board may finance
the construction of municipal water facilities for political subdivisions of
the state such as cities, towns, and districts.
(B) Staff will prepare a feasibility report,
in which they will recommend repayment terms and interest.
(iii) Conservation and Development Fund
(CDF):
(A) Through the CDF, the Board may
finance the construction of water projects sponsored by incorporated groups,
political subdivisions of the state, the federal government, or Indian
tribes.
(B) Staff will prepare a
feasibility report, in which they will recommend repayment terms and interest
rates.
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