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<br /> <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 />American Falls Reservoir District.5 Every year between 1937 and 1978 the price for <br />water rentals was reviewed but fluctuated little from the 1937 price. In 1978, however, <br />the rental price was raised to 75 cents per acre-foot. With this increase space holders <br />began to receive 50 cents per acre-foot and the water district, not the Bureau, received <br />the 25 cent balance.' The Bureau has not directly received any part of the rental fee <br />since the 1978 change.' <br />The long history of renting water in the Upper Snake River Basin with little state <br />involvement came to a close in 1979. With the enactment of the water banking statute, <br />the Idaho Water Resource Board appointed a local committee.to manage a rental pool <br />in Water District 1 (Upper Snake River Basin), and a new pricing formula was set in <br />place.. <br /> <br />2.1.2 Current Water Banking Program in Idaho <br />Idaho banks are governed by statutory provisions, rules, and loCal procedures. <br />Water bank laws and rules govern the statewide bank, the three local rental pools, and <br />the Shoshone-Bannock Tnbal Water Supply Bank (tnbal bank). In addition, each bank <br />has adopted its own procedures which have been approved by the Idaho Water Resource <br />Board. The statewide bank allows temporary or permanent transfers of entitlements <br />under natural flow or storage water rights. Local rental pools have been established for <br />Water District 1, as mentioned earlier, Water District 65 (payette River Basin) and <br />Water District 63 (Boise River Basin). Operating procedures were approved by the <br />Board in 1994 for a tnbal water bank, pursuant to the 1990 Fort Hall Indian Water <br /> <br />5Carlson History at 3. <br /> <br />'Carlson History. Idaho Is divided into water districts generally by major streams and tn"butarics. Water <br />districts arc delegated authority to dlstn"bute water among appropriators. ~ Idaho Code f 42-604 (Supp. <br />1993). <br /> <br />Telephone conversation with Ronald D. Carlson (Oct. I, 1993). <br /> <br />"I'he Bureau of Reclamation approved the new pricing struCture, approval deemed necessary bel:ause of <br />the Bureau's continuing restriction against unreasonable profits. ~ Carlson History. <br /> <br />2-3 <br />