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TeachMeFinance.com - explain Water service contract Water service contract The term 'Water service contract ' as it applies to the area of agriculture can be defined as ' A type of contract, authorized by the Reclamation Project Act of 1939, whereby water is furnished for irrigation or municipal or miscellaneous purposes at rates to produce revenue sufficient to cover charges reimbursable to the federal government'. Previous 5 Terms: Water Quality Incentives Program Water Quality Initiative Water quality standards Water reservoir Water saturation Next 5 Terms: Water source heat pump water stress effect Water supplier Water Supply Outlook Water surface elevation (stage) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.