Mission: Plan, Conserve, Develop and Protect Utahʹs Water Resources

Temporary (one-year or multi-year) program to incentivize agricultural water optimization/conservation and to lease water for other purposes.

An organized process to openly advertise the availability of a water asset for lease and for interested parties bid for the opportunity to lease that water. The lessor generally sets the terms for what constitutes an acceptable offer and winning bid. In cost auctions the highest price generally wins, but auctions can be set to Read More

A public or otherwise open listing where water users can post the availability of water for Sale or lease or post a need for water. Similar to the classified section of a newspaper.

The transfer (temporary or permanent) of different water supplies between parties with each party providing a supply and receiving a supply.

The temporary transfer of a water entitlement for 2 or more years, with 2 to 20 years as typical terms.

An independent agreement or written contract between two or more parties (typically lessor & lessee) establishing the terms for transferring the use of a water asset. Lease agreements are the most common form of water marketing. Lease agreements may also be used in conjunction with or as part of other marketing methods.

The temporary transfer of a water entitlement for a one-year period, with negotiating the deal and transferring the water typically completed in same year.

Purchase Option - A contract to provide a buyer with the ability to purchase a water entitlement at a defined price guaranteed for a set period of time. Lease Option - A contract over a set period of time providing the annual option to lease / transfer water supply under predefined conditions triggering the lease, Read More

A formal program to temporarily lease water supplies from a common source of supply.

An organized process where a potential lessor/buyer advertises a need for water and reviews bids from interested lessors/sellers, similar to an RPF process. Typically, the lowest cost qualifying bid wins the contract.

The permanent transfer of a water entitlement.

A contract to lease water that has been approved by the Utah Board of Water Resources to be a Contract Water Bank and extended the benefits of the Utah Water Banking Act.

A legal entity organized for the purposes of facilitating water leases between generally unknown parties within a designated bank service.