A water share is an ongoing entitlement to a share of the water available in your water system. It gives you a right to a share of water in the dams.
In Utah, all water is owned by the public. … For example, if a ditch company owns a water right for 1,000 acre-feet of water and the company has 1,000 shareholders, each share represents the right to use 1 acre-foot of water from the company’s water right. The two terms are not interchangeable.
An acre foot of water equals about 326,000 gallons, or enough water to cover an acre of land 1-foot deep. To put it another way, an acre foot of water is enough to flood a football field 1-foot deep (a football field is roughly an acre in size). An acre foot of water is a common way to measure water volume and use.
Annual Report of the State Engineer – gives a summary of Colorado water issues for the year.
Answer: Water rights are classified as “real property” in the state of Utah and are bought and sold much like real estate. Many real estate agencies will have listings for water rights much as they do for properties.
Who owns the water in Utah?
The State Engineer is the chief water rights administrative officer for the state. A complete “water code” is presently in force mostly as Utah Code, Title 73. The State Engineer is the Director of the Division of Water Rights. It follows that all waters in Utah are public property.
What is 1 acre-foot of water rights?
One acre-foot equals about 326,000 gallons, or enough water to cover an acre of land, about the size of a football field, one foot deep. An average California household uses between one-half and one acre-foot of water per year for indoor and outdoor use.
How many acres is 200 feet 200 feet?
200 feet multiplying by 200 feet equal to 40,000 sq ft. Therefore, 40,000 sq ft divide by 43,560 sq ft equal to 0.92 acres approximately.
What is the size of a 1/2 acre lot?
An acre is 43560 square feet so half an acre is 43560/2 = 21780 square feet. If your 1/2 acre plot of land is a square with area 21780 square feet then each side is of length √21780 feet.
|Description:||Price Per Share:||Quantity:|
|Colorado Big Thompson (CBT)||$62,000||60 Units|
|ELCO Water District||60 Acre/Feet|
|Handy Ditch||$260,000||2.5 Units|
Who owns the water in the Colorado River?
The Colorado River Compact is a 1922 agreement among seven U.S. states in the basin of the Colorado River in the American Southwest governing the allocation of the water rights to the river’s water among the parties of the interstate compact.
What Is An acre-foot of water worth in Colorado?
In any given year since 2011, Colorado has seen roughly 900 acre-feet of water sell at $20,000 an acre-foot or higher, while other western states have seen less than 300 acre-feet of water selling at that level, Bovee said. “Colorado’s Front Range is the most active, high-priced market in the country,” Bovee said.
Water rights can be transferred by deed. Utah Code section 73-1-10: “A water right . . . shall be transferred by deed in substantially the same manner as is real estate.” May be a warranty deed, special warranty deed, or quitclaim deed.
What does water rights mean in Utah?
All waters in Utah are public property. A “water right” is a right to divert (remove from its natural source) and beneficially use water. … A specified point of diversion and source of water; A specified place of beneficial use.
Thus, each share represents 4 acre-feet of water.