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House amends and approves SB 23 to change 'protected purchaser' water rules
Summary
First Substitute SB 23 was uncircled, amended on the floor to remove certain usage‑based protections for secured creditors, and passed. Sponsors said the change narrows the protected purchaser rule for mutual land and water companies, altering the assessment‑payment lookback period.
SALT LAKE CITY — Lawmakers on the Utah House floor on Feb. 24 took up First Substitute Senate Bill 23, a set of amendments to water law that address how a "protected purchaser" is recognized for certain mutual land and water companies. Representative Grover, sponsor in the House, explained the bill narrows the protected purchaser qualification and…
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