The Commission was created by State statute in Utah's 2007 General Legislative Session, House Concurrent Resolution 1, under authority of the Interlocal Cooperation Act. The Commission is funded and empowered by 17 area governments, including; Utah County and its municipalities, the Central Utah Water Conservancy District, and three state agencies. Founded in 2007, the Commission seeks to promote multiple public uses of the lake, facilitate orderly planning and development in and around the lake, and enable individual Commission members to govern their own areas.