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<br />343'1 <br /> <br />MECHANISMS FOR ACTION <br /> <br />* SALE: changes in the bylaws <br /> <br />* WATER BANK (FOR TEMPORARY TRANSFERS): <br />An administrator <br />Storage and regulation <br />Fallowing of land <br />Set of rules <br /> <br />* FIRST-USE AGREEMENT: user diverts under contract <br /> <br />* WATER R1GHT OPTION AGREEMENT: <br />Long-term contract <br />Costing: sale price <br />discount rate <br />transaction costs <br />exercise cost <br />annual first cost <br />appreciation rate <br />probability of exercise <br />term of the contract <br />Triggering the option and notice <br /> <br />* SYSTEM WATER MANAGEMENT IMPROVEMENTS <br />Seepage, canal lining and capacities <br />Water budgets: salvaged water <br />Operations and control improvements <br />