§ 45-2623 – Satisfaction of southside replenishment obligations
45-2623. Satisfaction of southside replenishment obligations A. The authority shall satisfy the southside replenishment obligations for a particular year no later than June 1 of the third calendar year following that year, except that the authority shall satisfy the irrigation replenishment obligations described in section 45-2622, subsection B, paragraphs 5 and 6 for a particular […]
§ 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 […]
§ 45-2421 – Arizona water banking authority
45-2421. Arizona water banking authority A. The Arizona water banking authority is established. The purposes, powers and duties of the authority shall be executed by a commission to be known as the Arizona water banking authority commission. B. The commission consists of the following members who are residents of this state: 1. The director of […]
§ 45-2471 – Interstate water banking agreements
45-2471. Interstate water banking agreements A. The authority may negotiate and enter into interstate water banking agreements with appropriately authorized agencies in California and Nevada, if all of the following apply: 1. The provisions of section 45-2427, subsection C have been met. 2. The director and at least two other voting members of the commission […]
§ 45-2422 – Organization of commission; powers and duties; exemption
45-2422. Organization of commission; powers and duties; exemption A. The commission shall select a vice-chairperson and a secretary from among its membership who shall each hold office for terms of two years to begin and end on the third Monday in January. B. The powers and authority vested in and the duties imposed on the […]
§ 45-2472 – Distribution of long-term storage credits
45-2472. Distribution of long-term storage credits A. The authority may distribute long-term storage credits accrued through the use of monies paid by California and Nevada agencies pursuant to interstate banking agreements to CAWCD or other users of Colorado river water in this state, if both of the following apply: 1. CAWCD or other water user […]
§ 45-2423 – Powers and duties of authority
45-2423. Powers and duties of authority A. The authority, acting through its commission, shall: 1. Administer the Arizona water banking fund in accordance with this chapter. 2. Coordinate its staffing needs with the director and CAWCD. 3. Coordinate the storage of water and distribution and extinguishment of long-term storage credits with the director in accordance […]