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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />groundwater recharge. It then turns to an examination of several prominent examples of <br />the use of recharge including the Kern Water Bank, the Orange County and Las Vegas <br />Valley programs, and the Arizona-California Colorado River Water Storage Agreement. <br />Chapter Four contains a largely economic analysis of water bank design. It <br />considers fundamental factors in developing a water allocation system and then turns to a <br />focused consideration of water banks, referencing back to water bank features identified <br />in the earlier chapters. Special attention is given to the issue of third party effects in <br />water bank transfers. Finally a recommended general framework for designing and <br />operating a water bank is proposed. <br />Chapter Five applies our recommended framework to an evaluation of three <br />proposed water banks: the Lower Colorado River Interstate Water Bank, the Texas <br />Water Bank, and the Fort Lyon Canal Water Bank. These examples were chosen for <br />analysis because they are still under development and because they range broadly in <br />scope from interstate, to state level, to local. We note points at which these banks differ <br />in design from our recommended approach and offer alternative suggestions. <br />Chapter Six summarizes the findings from the study and restates the case for <br />broader use of water banks in the West. <br />We turn first to an examination of water bank experience in the West. <br /> <br />wMbnt.3: cblpecrL <br /> <br />- <br /> <br />1-5 <br />