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Ground water shall not be deemed bankable water for the Pilot <br /> Water Bank. <br /> • <br /> J. The Pilot Water Bank shall operate on a year-to-year basis, subject <br /> to available storage space and water supply. However, leases, <br /> loans, options or exchanges of water may be for more than one <br /> year, subject to appropriate terms and conditions to facilitate annual <br /> operation and administration by the State Engineer. No lease, <br /> loan, option or exchange can extend beyond date limitations set <br /> forth in any enabling legislation for the Water Bank. <br /> Rule 5. Procedures for Placing Water into the Water Bank. <br /> A. To apply to deposit water into the water bank, a prospective <br /> depositor must pay any application and/or posting fees required by <br /> the water bank and must provide the following information to the <br /> water bank operator: <br /> 1. Written agreement that the owner or operator of any non- <br /> federal reservoirs from which the water will be released for <br /> use in the Pilot Water Bank has approved such use of the <br /> water and will properly account for the water in the reservoir, <br /> and cooperate in regulating its delivery. <br /> 2. When the transaction of water in the water bank requires the <br /> use of federal facilities, one or both of the parties will be <br /> • <br /> required to have a storage and/or exchange contract with the <br /> United States. <br /> 3. Proof of ownership, lease or contract that includes the right <br /> to use and control the disposition of the water. <br /> 4. The amount of legally stored water that will be deposited into <br /> the water bank <br /> 5. A description of the point of diversion, place of storage and <br /> historic place of use of the water. Sufficient descriptions <br /> may include maps, legal descriptions, and/or aerial <br /> photographs. <br /> 6. An estimate of the historic consumptive use available. <br /> 7. Anticipated terms that may apply to the lease, loan, option or <br /> exchange of the water, including, but not limited to: <br /> a. Applicable time frames, parameters and/or limitations for <br /> and on use of the water. <br /> b. Where applicable, the minimum bid price the depositor <br /> will accept for the water. <br /> c. The minimum amount of stored water the depositor is <br /> willing to lease, loan, option or exchange. <br /> 8. Contact information, including name, address, phone <br /> number and email address (if available). <br /> 9. Any other relevant information requested by the water bank. <br /> 411 <br /> 4 <br />