Laserfiche WebLink
Rule 3. Definitions. <br /> 10. <br /> A. As ised in these rules: <br /> 1. "Bankable water " means any legally stored water that meets <br /> the necessary criteria established by these rules. Direct <br /> flow water rights are not included in this definition. <br /> 2. "Article II water" means water stored within individual Water <br /> District 67 ditch accounts pursuant to Section II of the <br /> Resolution Concerning an Operating Plan for John Martin <br /> Reservoir adopted by the Arkansas River Compact <br /> Administration on April 24, 1980 (as amended) and <br /> accounted as "winter stored water" under "Agreement B" <br /> dated November 1984. <br /> 3. "Beneficial consumptive use" means the amount of water <br /> actually consumed in applying the water right to its legal use. <br /> 4. "Deposit account" means the amount of stored water a <br /> person or entity places in the water bank. <br /> 5. "Interruptible supply" means the temporary cessation of the <br /> historic use of stored water and the temporary use of such <br /> water at another location, and/or for a different use, andior at <br /> a different time. Such temporary cessation / use may be <br /> during a full or partial season of historic use. <br /> 6. "Option agreement" means an agreement by which a buyer <br /> pays a seller for the option to use a specified amount of <br /> stored water and pays the seller a higher payment for actual <br /> use of that water. An option agreement may authorize the <br /> water bank operator to release deposited water for the <br /> seller's use at times when the water is available for use and <br /> the buyer is not exercising the option. <br /> 7. "Return flow(s)" means the amount of the water that is not <br /> consumed and returns to the stream following a legal use of <br /> a given amount of water. <br /> 8. "Transit loss" means the amount of water deducted by the <br /> Division Engineer in the delivery of water from one point to <br /> another due to stream and environmental conditions. <br /> 9. "Water bank" means the Pilot Arkansas River Water Bank, <br /> which is a program authorized by the Colorado General <br /> Assembly to receive and safeguard legally stored water for <br /> exchange, lease, options or loans and to facilitate such <br /> transactions. <br /> 10. "Water banking" means temporarily placing legally stored <br /> water into an account within the Water Bank whereby that <br /> water is then leased, loaned, optioned or exchanged to <br /> another user. <br /> 11. "Water bank operator" means the State Engineer, a <br /> delegated public entity or a delegated public-private • <br /> 2 <br />