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<br />t- .. <br /> <br />Fall 1997] <br /> <br />BIBLIOGRAPHY <br /> <br />891 <br /> <br />John Thorson, Water Marketing in Big Sky Country: An Interim Assessment, 29 NA T. <br />RESOURCES J. 479 (1989). <br /> <br />Thomas Tregarthen, Water Law in Colorado: Fear and Loathing of the Marketplace, in WATER <br />RIGHTS: SCARCE RESOURCES ALLOCATION, BUREAUCRACY AND THE <br />ENVIRONMENT 119-36 (T.L. Anderson ed., 1983). <br /> <br />Clifford Villa, California Dreaming: Water Transfers from the Pacific Northwest, 23 ENVTL. L. <br />997 (1993). <br /> <br />Richard Wahi, Market Transfers of Water in Cal ifornia, 1 WEST-NORTHWEST J. ENVTL L. <br />POL 'Y & THOUGHT 49( 1994). <br /> <br />Mike Willatt, Buying and Selling Water Rights in Texas, 59 TEX. RJ. 628 (1996). <br /> <br />D.Yardas, Water Transfers and Paper Rights in the Truckee and Carson River Basins, in INDIAN <br />WATER RIGHTS AND W A TERRESOURCES MANAGEMENT 32-42 (1989) (Proceedings <br />of the American Water Resources Association Symposium, Bethesda, Maryland). <br /> <br />3. Water Banks and Transfers <br /> <br />A water bank is basically a brokerage institution created for the purpose of pooling surplus <br />water rights for rental or sales to other users. Typically, a bank buys water for a fixed price from <br />voluntary sellers and sells it to users at a higher fixed price. The revenue from the difference in <br />prices is used to cover the bank's administrative and technical costs. Under most banking <br />arrangements, the original water rights holders retain their permanent water right and only sell to the <br />bank the right to use the water. <br />The California Drought Emergency Water Banks of 1991 and 1992 are the most celebrated <br />examples of banking. In both years, the state acted as the banker and fixed the terms and prices of <br />transfers. Formal water banks have also developed in Texas and Idaho, and bank-like activities occur <br />in Kansas, Colorado and Wyoming. <br /> <br />LLOYD DIXON ET AL., CALIFORNIA'S 1991 DROUGHT WATER BANK: ECONOMIC <br />IMPACTS IN THE SELLING REGIONS (1993) (A Report of the Rand Corporation). <br /> <br />Brian Gray, The Market and the Community: Lessonsfrom California's Drought Water Bank, I <br />WEST-NORTHWEST J. ENVTL. L. PoL'Y & THOUGHT 17(1994). <br /> <br />Austin Hamre, Water Banking: Should There Be More Interest?, 25 COLO. LAW. 97 (1996). <br /> <br />RICHARD HOWITT ET AL., A RETROSPECTIVE ON CALIFORNIA'S 1991 EMERGENCY <br />DROUGHT WATER BANK, REPORT PREPARED FOR THE CALIFORNIA DEPARTMENT <br />OF WATER RESOURCES (1992). <br /> <br />Scott Jercich, California's 1995 Water Bank Program: Purchasing Water Supply Options, 123 J. <br />WATER RESOURcES PLAN. & MGMT. 59(1997). <br />