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<br /> <br />22Si <br /> <br />42-1761 <br /> <br />2 <br /> <br />IRRIGATION, DRAINAGE, WATER RIGHTS <br /> <br />238 <br /> <br />, <br /> <br />(a) Expenditures may be llde from the acco t to provide publi <br />moneys for participation' any project constr ed with funds fro e <br />water resource board r olving developmen ccount provided bX ection <br />42-1756, Idaho Cod. <br />(b) Grants and 10 s may be made by e board from the a <br />project in the p lic interest for the ojects authorized b his section; no <br />single grant all exceed $50,00 nless legislative proval has been <br />obtained. <br />(3) The rector of the depa ment of water re urces shall assist the <br />board in ny way the board emS necessa <br />pose of e water ma ge nt llccount, i cl mg technical evaluation of <br />prop ed projects lln rdination in st e and federal agencies. [I.C., <br />~ 42-1760, as added by 1978, ch. 356, ~ 1, p. 939; am. 1988, ch, 217, ~ 1, p. <br />411.J <br /> <br />fo <br />w <br />re <br /> <br /> <br /> <br /> <br />in <br /> <br />je <br />re <br />tr <br /> <br />42-1761. Water supply bank created. - The water resource board <br />shall have the duty of operating a water supply bank. The water supply <br />bank shall make use of and obtain the highest duty for beneficial use from <br />water, provide a source of adequate water supplies to benefit new and <br />supplemental water uses, and provide a source of funding for improving <br />water user facilities and efficiencies. [I.C., ~ 42-1761, as added by 1979, ch. <br />193, ~ 1, p. 560,J <br /> <br />by <br />fo <br />ta' <br />no: <br />Ilr <br />oce <br />yel <br />pri <br />rig <br />( <br />cor <br />bUl <br />Hsl <br />19: <br /> <br />Sec. to sec. ref. This section is referred to <br />in ~ 42-1764. <br /> <br />42-1762. Rules and regulations - Acquisition of water rights. _ <br />(1) The water resource board shall adopt rules and regulations governing <br />the management, control, delivery and use and distribution of water to and <br />from the water supply bank in compliance with chapter 52, title 67, Idaho <br />Code. <br />(2) The board may contract with lessors and lessees to act as an interme- <br />diary in facilitating the rental of water. The board may purchase, lease, or <br />otherwise obtain decreed, licensed or permitted water rights to be credited <br />to the water supply bank. The use to which the owner is entitled under the <br />water right shall be reduced by the portion of the water right leased to the <br />bank. The water rights may be retained in the water supply bank for a <br />period as determined by the board, all under such provisions as are speci- <br />fied in the terms of the purchase or lease. [I.C., ~ 42-1762, as added by <br />1979, ch. 193, ~ 2, p. 560; am. 1990, ch. 318, ~ 1, p. 868.J <br />'\~ <br />42-1763. Rentals fr~~"-I:\.ank - Approval by dir/ilctor. - The terms <br />and ditions of any rental o~ater from t at rSupply b must be <br />approve y the director of dep~rtment resources. he irector <br />of the depa ment of water reso ces-ma t an efuse a rova or or <br />. "- <br />may part1all pprove for a le~: a 0 water 0 may pprove on <br />conditions any oposed rental 0 the water ppl bank wh e <br />the proposed use 1 such t at it e ce ~uantity 0 w er availab <br />under other existin ate right, the wa sUP~lve is insufficient <br /> <br />(] <br />faCE <br />wat <br />ren1 <br />siol1 <br />tiOll <br /> <br />4 <br />me <br />con <br />ha, <br />con <br />dir <br />wh <br />me <br />I <br />sha <br />yea <br />to 1 <br /> <br />