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Water Supply Reserve Account: Two key pieces of the Interbasin Compact Process is providing an incentive for stakeholder participation and providing a mechanism to implement solutions the roundtables and the IBCC agree on. SB 06-179 accomplishes both of these objectives by creating the Water Supply Reserve Account (the Account) which will invest $40 million over four years in water activities. The IBCC has worked cooperatively with the CWCB to jointly establish Criteria and Guidelines for the allocation of monies for the Account. In order for a water activity to be funded out of the Account, it must have the approval of the local roundtable and meet these jointly established Criteria and Guidelines. To ulliher the grassroots nature of this process, roundtables have wide discretion over the approval of water activities, and the Criteria and Guidelines encourage water stakeholder to cooperate on developing collaborative solutions to our water challenges. Continuing Issues The work of the roundtables in the near ulture will predominately consist of three parallel activities. Roundtables will continue with their se(l-education agenda, increasing their role as a fOnll11 for education and debate regarding water needs and potential methods for meeting those needs. Second, roundtables will devote substantial time to developing their basin-wide water needs' assessments. With the resources ofHB 06-1400 roundtables have the opportunity continue the good work of SWSI and ensure that they are making rational decisions based upon the best available information. Third, roundtables will devote increasing amounts of time to identifying, debating, and agreeing on potential solutions to their water challenges. As collaborative solutions emerge from the Interbasin Compact Process the Water Supply Reserve Account will be an important vehicle for the implementation of those solutions. The IBCC is leading and supporting the efforts of the basin roundtables. They will increasingly serve as a forum to explore solutions to our state's water challenges by examining the results of SWSI Phase II and discussing solutions that move up through the roundtables. The IBCC will support the roundtable's activities through three established Working Groups: Public Education, Participation, and Outreach; Needs Assessment; and Water Supply Reserve Account. These IBCC Working Groups will provide assistance and guidance to the roundtables on these three important issues. Roundtable and IBCC members are volunteering a tremendous amount of time, energy, and creative thought to this process. It is important to honor their work by providing the resources necessary to have robust and productive basin roundtables. This includes maintaining technical assistance for the roundtables, ensuring they have the administrative and logistical support needed for a strong grassroots process, and maintaining the ability to implement cooperative solutions to our water challenges through the Water Supply Reserve Account.