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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 />FOREWORD <br /> <br />This report is the collaborative product of a group of researchers. Dr. Charles W. <br />Howe provided the conceptual analysis relating to water bank design in chapter 4. Dr. <br />Kathleen A Miller, of the National Center for Atmospheric Research, contributed the <br />California Water Bank analysis and most of the discussion related to third-party effects of <br />water banking. Teresa A Rice prepared the sections on water banks in Idaho and <br />Texas, and the proposed Lower Colorado River Interstate Water Bank and she also <br />contributed to the section on third-party effects. Sarah F. Bates, now with the Grand <br />Canyon Trust, drafted most of the material related to groundwater recharge. The project <br />benefitted greatly from the work of a number of students at the University of Colorado <br />School of Law: Roberta Hey, class of 1994; Ellen Cadette, class of 1996; Beth Doherty, <br />class of 1996; Sharyl Kammerzell, class of 1996; Dan Reimer, class of 1996; and Mary <br />Beth Searles, class of 1997. <br />We received the cooperation and assistance of water managers from around the <br />West. At the outset we surveyed state water agencies and the Western States Water <br />Council to determine the extent of water banking activity in the West. In connection <br />with our detailed analysis of water banks in Idaho we were greatly aided by Ron Carlson, <br />Phil Rassier, and Glen Saxton. Steve Macaulay provided substantial assistance regarding <br />the California banks, as did Richard Howitt, Ray Hoagland, and Dave Marty. Daniel <br />Beckett provided valuable assistance regarding the Texas bank. Gerry Zimmerman made <br />important contnbutions to our discussion of the proposed Lower Colorado River bank as <br />did Walt Muir and Bob Johnson. Professors Tom Rutherford and Mark Cronshaw <br />commented on the analysis of water bank design, and Dr. Michael Walsh provided <br />valuable insights based on his work for the Chicago Board of Trade. The authors, of <br />course, remain responsible for any errors in the report itself. <br />The research is sponsored by the U.S. Geological Survey (USGS), Department of <br />the Interior, under USGS award number 1434-92-G-2253. The views and conclusions <br />contained in this document are those of the authors and should not be interpreted as <br />necessarily representing the official policies, either expressed or implied, of the U.S. <br /> <br />i <br />