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<br />001441 <br /> <br />satisfy in excess of 7.5 maf of annual consumptive use in the Lower Division States. <br />Unused apportionment means Colorado River water within a Lower Division State's basic <br />or surplus apportionment, or both, which is not put to beneficial consumptive use during that <br />year within that State. <br />Unused entitlement means any Colorado River water that is made available to but not <br />scheduled and used by an entitlement holder during the year for which it is made available. <br /> <br />Sec. 414.3 Interstate storage agreements and redemotion ofstora2e credit~. <br /> <br />(a) Interstate storage agreements. In accordance with Article II(B)(6) of the Decree, <br />authorized entities of two or more Lower Division States may enter into Interstate Storage <br />Agreements subject to the approval of the Secretary in accordance with paragraph (b) of this <br />section. An Interstate Storage Agreement will allow an authorized entity in a Storing State to <br />store unused entitlement and/or unused apportionment for the credit of an authorized entity <br />located in a Consuming State and will provide for the subsequent redemption of the credit. Such <br />an agreement must: <br />(1) Specify the quantity of Colorado River water to be stored, by which authorized entity it <br />will be stored, the Lower Division State in which it is to be stored, and the storage <br />facility(ies) in which it will be stored. <br />(2) Specify whether the water to be stored will be basic aooortionment from the Storing <br />State or unused basic apportionment or unused surplus apportionment of the Consuming <br />State. If it is to be unused apportionment, it may only be made available from the <br />Consuming State and the agreement must so specify. <br />(3) Specify the quantity of storage credits associated with water stored offstream that will be <br />available to the authorized entity in the Consumim! State at the time water is actually <br />stored under the agreement. <br />(4) Specify that accumulated storage credits may not be redeemed within the same calendar <br />year in which the water that generated those credits was stored offstream. <br />(5) Specify that the authorized entity in the Consuming State will provide notice to the <br />Lower Division States and to the Secretary no later than November 30 of its intention to <br />request delivery of a specific quantity of Colorado River water bv redeeming <br />accumulated stora~e credits in the followin~ calendar vear. <br />(6) Specify that the authorized entity of a Storing State, after recei vin~ a notice of intention <br />to redeem offstream storage credits, will take actions to ensure that the Storing State's <br />consumptive use of Colorado River water will be decreased by a quantity sufficient to <br />develop intentionally created unused apportionment to offset the delivery of Colorado <br />River water for use in the Consuming State in fulfillment of the storage credits. <br />ill Soecifv which actions the authorized entity will take to develo~ intentionallv created <br />unused aooortionment. <br />(8) Specify that the authorized entity of the Storing State must certify to the Secretary that <br />intentionally created UilUSed apportionment has been developed that would not otherwise <br />exist and that the authorized entity will request the Secretary to make available that <br />quantity of Colorado River water for use in the Consuming State pursuant to Article <br /> <br />27 <br />