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• • funding requirements; <br />• institutional requirements /changes; <br />• the rules concerning disposition of conserved water as it moves through <br />the hydrologic system; and <br />• methods, as appropriate, to compensate for any adverse impacts of <br />Program water"conservation/supply activities. It is agreed that payment <br />of power interference charges is a potentially acceptable way of <br />compensating for impacts to power generation. <br />During the term of the Cooperative Agreement, demonstration projects such as <br />those proposed by the Central Nebraska Regional Water Conservation Task <br />Force may be implemented, with the water designated for wildlife benefits. Net <br />reductions in shortage to target flows achieved during the term of the <br />Cooperative Agreement by such demonstration projects shall be credited to the <br />water conservation/supply objectives of the Program. <br />Quantifiable net conserved water that is storable in Lake McConaughy or other <br />storage facilities approved by the Governance Committee may be stored in any <br />Environmental Account created pursuant to new licenses issued for FERC <br />Projects Nos. 1417 and 1835 in Nebraska. Storabl net conserved water is that <br />portion of the quantifiable net water conserved which can be controlled such that <br />it may be stored consistent with legal, regulatory and public safety restrictions. <br />It is an operational goal to coordinate upstream conservation activities so as to <br />increase storage in the Environmental Account. It is recognized, however, that <br />not all water conserved for environmental purposes will be storable in the <br />Environmental Account, and that water need not be stored or storable to <br />contribute toward Program objectives. The Water Management Committee, <br />with the approval of the Governance Committee, shall develop protocols for <br />determining what quantities of water are to be credited to the Environmental <br />Account, and programs to verify that such water is actually storable. <br />E. Water Conservation /Supply Funding <br />During the period of the Cooperative Agreement, the signatories and other <br />is parties will fund conservation and water supply activities called for under the <br />5 <br />