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THE PREFERRED STORAGE OPTIONS PLAN MOVES <br />The Board of the Southeastern <br />legislation will direct the <br />PSOP. The feasibility studies are <br />Colorado Water Conservancy <br />Bureau of Reclamation to <br />a prerequisite to getting <br />District took action at their <br />conduct feasibility studies on <br />congressional approval for the <br />March Board meeting to move <br />the enlargement of Pueblo <br />actual construction projects. <br />the implementation of the <br />Reservoir and Turquoise <br />Within the next 30 to 60 days <br />Preferred Storage Options Plan <br />Reservoir. These studies will <br />the District will send proposed <br />(PSOP) a little closer to <br />memorandum's of <br />reality. The Board <br />= agreement (MOA) to <br />approved the final draft of <br />water user entities <br />the Implementation <br />- <br />throughout the District. <br />Committee Report and <br />These MOAs will ask <br />directed the District staff <br />the entities to commit to <br />to publish the report and <br />participation in securing <br />continue to work on the <br />authority for the re- <br />introduction of federal <br />operations contracting <br />legislation. <br />and the federal <br />The proposed federal <br />feasibility studies for <br />legislation will provide the <br />l <br />those that want to <br />necessary authority for the <br />r ., <br />participate in the <br />Bureau of Reclamation to Steve Arveschoug discusses the PSOP Implementation enlargement portion of <br />execute "re- operations" Committee Report at the February 2, 2001 meeting of the PSOP. These <br />contracts to better utilize <br />Implementation Committee. <br />implementation costs <br />existing capacity in the <br />are estimated to be as <br />Fry -Ark Project. In addition to <br />take two to three years to <br />much as $2.5 million for re- <br />establishing authority for re- <br />complete and will be funded by <br />operations and $2.0 million for <br />operations contracts, the <br />the participants in the <br />the enlargement studies. Each <br />enlargement portion of the <br />See PSOP (Continued on page 3) <br />BANUNG (Continued from page 1) <br />can be leased through the <br />effectiveness of the program <br />the bill. <br />water bank for uses within <br />The proposed water banking <br />or outside the basin, <br />HB 1354 has a long way to <br />pilot project would include the <br />although in -basin uses <br />go before it becomes law, but it <br />following provisions: <br />would have priority <br />appears to have support at the <br />• The State Engineer develops <br />water banking rules that <br />apply to storage -water rights <br />in the Arkansas basin <br />• The rules would be subject <br />to review by the Division 2 <br />Water Court <br />• The pilot program will <br />operate through 2005 and <br />can be operated by the State <br />Engineer or delegated to a <br />public entity or public/ <br />private partnership <br />• Water from storage rights <br />• The water - bank <br />administrator can charge <br />fees for deposits into the <br />bank and for withdrawals <br />out of the bank; owners of <br />water rights are <br />compensated when their <br />water is leased from the <br />bank to another user <br />• The State Engineer will <br />issue a report to the <br />Governor and the <br />Legislature at the <br />conclusion of the five -year <br />pilot program detailing the <br />2 ' <br />state level. The real test will be <br />when farmers and cities have <br />the option to use the bank. Will <br />they? And, will the water bank <br />meet the objective of helping to <br />keep water in the basin, <br />avoiding the permanent dry -up <br />of agricultural lands? I guess <br />we'll all find out the answers to <br />these questions over the next <br />five years. <br />For a copy of HB 1354 call <br />the District at (719) 948 -2400. <br />Written by: Steve Arveschoug, <br />General Manager, SECWCD <br />