(1) "Capital asset" means an asset that:
(a) is a significant investment or an essential component necessary to provide water service, including:
- (i) a facility;
- (ii) infrastructure, whether above or below ground level;
- (iii) equipment; or
- (iv) a communications network; and
- (b) is owned by a water conservancy district.
- (2) "Capital asset management plan" or "plan" means a capital asset assessment, maintenance, and replacement program described and required in Section R653-12-3.
- (3) "Division" means the Division of Water Resources.
- (4) "Water conservancy district" means an entity formed under Title 17B, Chapter 2a, Part 10, Water Conservancy District Act, with an annual operating budget of $5,000,000 or less.
As used in this rule:
KEY: capital asset management plan
Date of Last Change: May 9, 2024
Authorizing, and Implemented or Interpreted Law: 73-10g-502