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TABLE OF CONTENTS (continued) Meeting California's Urban Needs Duane Georgeson, Metropolitan Water District of Southern California . . . . . . . . . . . . . . . . . . . . . . . . . . . . 96 Water Transfers from Agriculture to Urban Needs: Mitigating Impacts on Rural Communities Harold McCormick, Senator, State of Colorado . . . . . . . . . . 103 The Owens Valley Perspective Greg James, Director, Inyo County Water Department, California . . . . . . . . . . . . . . . . . . . . . . . . . . . 108 Saving Water, Energy, Money and Conflict with Efficiency Jim Dyer, Director, Water and Agricultural Programs, Rocky Mountain Institute . . . . . . . . . . . . . . . . . . . . . . 114 Panel Discussion -- Meeting Urban Needs Moderator: Fred Wetlaufer, Member, Western Colorado Congress 120 An Interstate Water Bank Gerald R. Zimmerman, Executive Director, Colorado River Board, California . . . . . . . . . . . . . . . . . . . . . . . . . . . 127 Everybody Wins? An Economic Analysis of an Interstate Water Bank James Booker, Department of Agricultural Economics, University of Wyoming . . . . . . . . . . . . . . . . . . . . . . . . . . . 134 The Colorado Governor's Proposal James Lochhead, Upper Colorado River Commission, Colorado Water Conservation Board . . . . . . . . . . . . . . . . . . . . 139 Panel Discussion -- Water Banking Moderator: Richard Tisdel, Tisdel & Hockersmith, Board Member, Colorado River Water Conservation District . . . . . . . . . . . 145 Nevada's Perspective Thomas Cahill, Director, Colorado River Commission, Nevada . . . 151 The View from Arizona Betsy Rieke, Director, Arizona Department of Water Resources 156 Panel Discussion -- Proposals for Changing Institutions in the Basin Moderator: Richard Tisdel, Tisdel & Hockersmith, Board Member, Colorado River Water Conservation District . . . . . . . . . . . 165 Concluding Panel of Conference Observers Mark Obmascik, Columnist, The Denver Post . . . . 170 Sarah Bates, Assistant Director, Natural Resources Law Center, University of Colorado . . . . . . . . . . . . . . . . . . . . . 175 CWRRI PUBLICATIONS LIST