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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />000123 <br /> <br />Preferred Alternative <br /> <br />. Regulatory Planning and Review <br /> <br />The Rule is a significant regulatory action under section 3(f)( 4) of EO 12866 pertaining to <br />Regulatory Planning and Review because it raises novel legal or policy issues as stated in the <br />Initial Regulatory Flexibility Analysis and the DOE prepared for this rule making action, <br />Executive Order 12866 requires an assessment of potential costs and benefits under section <br />6(a)(3), <br /> <br />As stated under the discussion of the Regulatory Flexibility Act, the Rule will not impose <br />significant or unique impacts upon local governments (including Indian communities), or small <br />entities, <br /> <br />The Rule does not authorize any specific activities, It provides a procedural framework under <br />which the Secretary will implement the contractual distribution and release ofICUA pursuant to a <br />SIRA among the Lower Division states, <br /> <br />California and Nevada are looking for alternative water supplies to satisfY the increasing demands <br />of economic development and population growth, The Rule may provide an opportunity for <br />Colorado River water users in Nevada to experience a marginal cost savings in securing <br />alternative supplies, The Rule only facilitates voluntary interstate water transactions between <br />authorized state entities for off stream storage of Colorado River water and the development and <br />release ofICUA. Should the costs of the procedures proposed in the rule to facilitate these <br />transactions be greater than the costs of other alternative water supplies, California and Nevada <br />would probably select the lower cost alternatives, <br /> <br />The Preferred Alternative is not expected to provide private sector incentives to invest in <br />construction of private off stream storage facilities because ample existing facilities are available. <br /> <br />. Paperwork Reduction Act <br /> <br />This rule does not contain information collection requirements that the Office of Management and <br />Budget must approve under the Paperwork Reduction Act of 1995,44 U.S,C. 3501 et seq. <br /> <br />This Rule is geographically limited to the States of Arizona, California, and Nevada. The <br />Department assumes there will never be an industry-wide collection of information and there will <br />always be fewer than 10 entities required to report information. The Department will monitor the <br />number of entities that will be required to report information under the final Rule, If the <br />Department determines that the number of entities required to report information is likely to <br />become 10 or more, the Department will seek information collection approval from the Office of <br />Management and Budget, The Rule covers authorized entities that would store Colorado River <br />water off the mainstream of the Colorado River. There is only one authorized entity under <br /> <br />23 <br />