§ 45-2456 – Annual plan of operation
45-2456. Annual plan of operation A. By January 1 of each year, the authority shall adopt a plan of operation for that calendar year. B. In developing the plan of operation, the authority shall consider all of the following: 1. The amount of Colorado river water available for storage. 2. The advice of the department […]
§ 45-2457 – Accounting; rules of operation
45-2457. Accounting; rules of operation A. The authority shall develop an accounting system for the long-term storage credits accrued or purchased by the authority. The accounting system shall be designed to allow the authority to determine which funding source of the banking fund paid for each long-term storage credit accrued or purchased by the authority. […]
§ 45-2457.01 – Exchange of long-term storage credits; limitations; fees
45-2457.01. Exchange of long-term storage credits; limitations; fees A. On or before December 31, 2019, the authority may enter into agreements to exchange long-term storage credits accrued or purchased in one active management area with monies collected pursuant to section 45-611, subsection C, paragraph 3 for long-term storage credits held by other persons in another […]
§ 45-2458 – Water banking services agreements
45-2458. Water banking services agreements A. The authority may enter into a water banking services agreement under which the authority will loan long-term storage credits to a person or an Indian community in this state if all of the following apply: 1. The person or Indian community could have legally obtained the water that was […]
§ 45-2451 – First year banking program
45-2451. First year banking program By July 1, 1997, the authority shall have used its best efforts to store pursuant to this chapter a minimum of one hundred thousand acre-feet of Colorado river water in this state. The annual report of the authority to the governor, the president of the senate and the speaker of […]
§ 45-2452 – Storage facility inventory
45-2452. Storage facility inventory A. By March 1, 1997, the authority shall prepare and assess an inventory of existing storage facilities in this state to determine whether existing storage facilities are available to meet the authority’s needs for the following ten years. The authority shall give special consideration to storage facilities constructed with monies from […]
§ 45-2453 – Plan for additional storage facilities
45-2453. Plan for additional storage facilities A. If a storage facility inventory or an update concludes that additional storage facilities are necessary to meet the needs of the authority for the following ten years, the authority shall develop a plan for the development of additional storage facilities that specifies the type, location, date needed and […]
§ 45-2454 – Implementation of storage facilities plan
45-2454. Implementation of storage facilities plan A. The authority shall implement an adopted plan for additional storage facilities. B. To facilitate the development or construction of additional storage facilities required by a plan, the authority shall solicit proposals from CAWCD and other entities willing to undertake the development or construction of those storage facilities. The […]
§ 45-2455 – Water storage agreements; groundwater savings facilities
45-2455. Water storage agreements; groundwater savings facilities A. The authority may not own, develop, operate or construct storage facilities but may enter into contracts to reserve storage capacity at storage facilities and may pay reasonable compensation for those reservations. B. The authority may enter into agreements with storage facility permit holders to store water at […]