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<br />(III) THE RULES SHALL NOT PERMIT THE TRANSFER OF WATER FROM THE BANK TO <br />INSTREAM FLOW USES AS PROVIDED IN SECTION 37-92-102 (3) EXCEPT WHERE SUCH <br />TRANSFER, LEASE, LOAN, EXCHANGE, OR SALE IS TO THE COLORADO WATER <br />CONSERVATION BOARD. <br /> <br />(IV) THE BANK SHALL OPERATE WITHIN EXISTING REQUIREMENTS OF COLORADO <br />WATER LAW, INCLUDING SPECIFICALLY THE ARKANSAS RIVER COMPACT, ARTICLE 69 OF <br />THIS TITLE; THE "WATER RlGHT DETERMINATION AND ADMINISTRATION ACT OF 1969", <br />ARTICLE 92 OF THIS TITLE, INCLUDING SPECIFICALLY THE REQUIREMENT THAT WATER <br />TRANSFERRED THROUGH THE BANK BE PUT TO A BENEFICIAL USE; AND THE "COLORADO <br />GROUND WATER MANAGEMENT ACT", ARTICLE 90 OF THIS TITLE; EXCEPT THAT, IN <br />COMPLIANCE WITH RULES PROMULGATED PURSUANT TO THIS ARTICLE, LEASES, LOANS, <br />AND EXCHANGES EFFECTUATED THROUGH THE BANK NEED NOT REQUIRE ADJUDICATION <br />PURSUANT TO ARTICLE 92 OF THIS TITLE, AND THE STATE ENGINEER SHALL ADMINISTER <br />SUCH LEASES, LOANS, AND EXCHANGES NOTWITHSTANDING THE FACT THAT THEY MAY <br />NOT HAVE BEEN ADJUDICATED. <br /> <br />(V) THE RULES SHALL DEFINE THE TERMS "INTERRUPTIBLE SUPPLY" AND "WATER <br />BANKING", <br /> <br />(VI) THE RULES SHALL TAKE INTO ACCOUNT AND ADDRESS, AS APPROPRIATE, ANY <br />NECESSARY OR DESIRABLE LIMITATIONS UPON THE TIME, PLACE, OR TYPE OF USE OF <br />WATERS MADE AVAILABLE THROUGH THE WATER BANK, AND THE APPROPRIATE LENGTH <br />OF AGREEMENTS IMPLEMENTING BANKING TRANSACTIONS. <br /> <br />(b) THE RULES SHALL ENSURE THAT OPERATION OF THE BANK SHALL NOT CAUSE ANY <br />MATERIAL INJURY TO THE OWNER OF OR PERSONS ENTITLED TO USE WATER UNDER A <br />VESTED WATER RlGHT OR A DECREED CONDITIONAL WATER RIGHT. <br /> <br />(c) THE RULES SHALL ESTABLISH CRITERlA PURSUANT TO WHICH THE STATE ENGINEER <br />SHALL: <br /> <br />(I) ACCEPT A DEPOSIT OF A QUANTITY OF WATER IN THE BANK, INCLUDING NECESSARY <br />PROOF OF: <br /> <br />(A) OWNERSHIP OR A LEASE OR CONTRACT THAT INCLUDES THE RIGHT TO USE AND <br />CONTROL THE DISPOSITION OF WATER; AND <br /> <br />(B) THE LEGAL PARAMETERS OF THE WATER FOR USE SUBJECT TO THE PROPOSED <br />DEPOSIT, WHETHER BY DECREE OR BY CONTRACT; <br /> <br />(II) CREDIT A WITHDRAWAL OF A QUANTITY OF WATER FROM THE BANK, INCLUDING <br />THE TERM, LOCATION, AND TYPE OF THE PROPOSED USE OF THE WITHDRAWN WATER; <br /> <br />(III) PUBLISH A SUMMARY OF THE WATER BANK'S TRANSACTIONS, INCLUDING THE <br />AMOUNTS OF WATER SUBJECT TO SUCH TRANSACTIONS; AND <br /> <br />(IV) ADMINISTER THE WITHDRAWN WATER: <br /> <br />(A) WITHIN THE PRlORITY SYSTEM IF THE WITHDRAWN WATER IS SUBJECT TO PRIOR <br /> <br />http://www.state.co.us/gov_dir/leg_dir/olls/sI2001/sI.284.HTM <br /> <br />06/05/2002 <br />