(1) Water developed by projects authorized under this chapter, except water reserved for wildlife or public recreation, shall be made available by contract exclusively to the following entities:
(a) the Bear River Water Conservancy District;
(b) the Salt Lake County Water Conservancy District;
(c) the Weber Basin Water Conservancy District; and
(d) Cache County and any water conservancy district in Cache County.
(2) A county or conservancy district that purchases or leases developed water may lease the water to any person.
(3) A county or conservancy district that purchases or leases developed water may use the water directly or by exchange in accordance with Section 73-3-20.