The Boards Water Supply Bank Monica Van Bussum January 27, 2011 The Boards Water Supply Bank Monica...
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![Page 1: The Boards Water Supply Bank Monica Van Bussum January 27, 2011 The Boards Water Supply Bank Monica Van Bussum January 27, 2011.](https://reader035.fdocuments.net/reader035/viewer/2022062417/5517f686550346c6568b4dc7/html5/thumbnails/1.jpg)
The Board’s Water Supply BankMonica Van Bussum
January 27, 2011
The Board’s Water Supply BankMonica Van Bussum
January 27, 2011
![Page 2: The Boards Water Supply Bank Monica Van Bussum January 27, 2011 The Boards Water Supply Bank Monica Van Bussum January 27, 2011.](https://reader035.fdocuments.net/reader035/viewer/2022062417/5517f686550346c6568b4dc7/html5/thumbnails/2.jpg)
What is “the Bank?”
• Exchange market operated by the IWRB to facilitate marketing of water rights
• Provides mechanism to temporarily change or protect water rights
• Operated by IDWR for the Idaho Water Resource Board (IWRB)
Source: IDAPA 37.02.03.01 and Idaho Code 42-1764
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The NumbersHistory of the Bank• 1932 – 14,700 AF storage rented for
$0.17/AF• 1934 – 40,000 AF storage rented for
$0.25/AF• 1937 – $0.50/AF• Rentals had no statutory authority
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The NumbersHistory of the Bank
• 1976 State Water Plan – IWRB recommends creation of a bank
• 1979 – Section 42-1761, Idaho Code, creates Water Supply Bank
• 1980 – IWRB adopts Bank rules• 1993 – Rules last amended by IWRB
![Page 5: The Boards Water Supply Bank Monica Van Bussum January 27, 2011 The Boards Water Supply Bank Monica Van Bussum January 27, 2011.](https://reader035.fdocuments.net/reader035/viewer/2022062417/5517f686550346c6568b4dc7/html5/thumbnails/5.jpg)
What are the purposes of the Bank?
• Encourage the highest beneficial use of water
• Provide a source of water supplies to benefit new and supplemental uses
• Provide funding source for improving water user facilities and efficiencies
Source: Idaho Code Section 42-1761 and IDAPA 37.02.03
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What isn’t “the Bank?”
• Not a rental pool
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Bank v. Rental Pools
Board’s Bank• Managed by IDWR for
the IWRB• Throughout Idaho• Ground and surface
water – live/natural flow
Rental pool• Managed by local
committee• Specific watersheds• Largely storage water
![Page 8: The Boards Water Supply Bank Monica Van Bussum January 27, 2011 The Boards Water Supply Bank Monica Van Bussum January 27, 2011.](https://reader035.fdocuments.net/reader035/viewer/2022062417/5517f686550346c6568b4dc7/html5/thumbnails/8.jpg)
Vocabulary
• Lease – into the Bank• Rent – from the Bank
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Leasing
• Generally 1-5 years• Some grandfathered indefinite
• Filing fee: $250 per water right• Cap: $500 for stacked rights
• Protection from forfeiture• Potential rental fees
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Leasing
• Owner must not use right• Even if not rented• Land is idled for duration
• Leases conditioned in accordance with other rights
• Lessor receives 90% of rental fees• 10% to IDWR
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Leasing – review considerations
• Recorded• Ownership• Forfeiture or abandonment• Availability of source to fill right• Consistent with State Water Plan• In the local public interest• If rented, no enlargement
Source: IDAPA 37.02.03.025
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Renting
• Generally 1-5 years• If longer, must be approved by IWRB
• Rentals conditioned in accordance with other rights
• Fee: $14 per AF
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Renting – review considerations
• Must be hydraulic connection between leased right and rental location
• Rental cannot be for use requiring permanent water right
• Does not authorize new well construction• Payment must be received
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Renting – review considerations
• Injury to other water rights• Enlargement of the water right• Water put to beneficial use• Sufficiency of water supply• In the local public interest• Possible advertisement
Source: IDAPA 37.02.03.030
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Renting – points of interest
• Leases can be divided/combined to satisfy rental
• Current Rental Rate v. negotiated or rate set by lessor
Source: IDAPA 37.02.03.030
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The Numbers
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The Numbers
*The increases in 2004 and 2005 result from a flow augmentation program pursued by the Bureau of Reclamation. 2010 data shows minimum.
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The Numbers
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The NumbersCustomer Service• Lease lookup available on website• Water Supply Bank paragraphs added to:• Ownership changes• Approved transfers
• Spatial data tracking