Section 73-2-1.6 - Water Rights Restricted Account(1) As used in this section:(a) "Account" means the Water Rights Restricted Account created by this section.(b) "Division" means the Division of Water Rights.(2) There is created in the General Fund a restricted account known as the "Water Rights Restricted Account."(3) The account shall consist of the money deposited into the account under Subsection 59-12-103(5)(e).(4) Upon appropriation, the division may use money in the account for:(a) costs incurred by the division that benefit water rights adjudications, including: (i) employing technical staff;(ii) acquiring equipment;(iii) obtaining legal support; (iv) conducting studies ; (A) installing, operating, and maintaining measurement infrastructure; and(B) sharing the costs of installed United States Geological Survey stream gauges; and(b) not to exceed 5% of the money deposited into the account under Subsection 59-12-103(5)(e) in the fiscal year preceding the fiscal year of appropriation, costs incurred by the division to acquire, manage, and analyze surface and groundwater data, not limited to geographic areas of adjudication.(5)(a) The account may not exceed $8,000,000 at the end of a fiscal year.(b) If the account exceeds $8,000,000 at the end of a fiscal year, the Division of Finance shall deposit into the Water Resources Conservation and Development Fund, created in Section 73-10-24, the money in excess of the amount necessary to maintain the account balance at $8,000,000.Amended by Chapter TBD, 2024 General Session ,§ 1, eff. 5/1/2024.Added by Chapter 106, 2022 General Session ,§ 2, eff. 7/1/2022.