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on a case-by-case basis. Price is a factor in the decision whether to accept an offered water right into the water supply bank. The Board must consider ''whether the offering price or requested rental rate is reasonable."S? Once this criteria is met, the Board has discretion to set the price for water rights rented or sold from the water supply bank. SI The local committee for each local rental pool annually sets the fees for rental of bank water, subject to approval by the Board" This amount may stay the same for several years (see Table 2.1.2). In District 1, the price in 1994 is $2.95 per acre-foot for uses above Milner Dam. The charge for water used below Milner Dam is $8.45. Of this higher amount, $2.00 per acre-foot is paid as additional compensation to the lessor if the space represented by the rented storage does not fill the following year. If the space fills, $2.00 will be returned to the renter. District 65 rules have had a similar dual pricing method since 1992. The price for irrigation uses within the basin has been $2.70 since the rental pool began operating in 1990. Beginning in 1992, storage rented for uses below the mouth of the Payette is priced at $5.40 per acre-foot. If the space fills, $2.70 is returned to the renter. If the space does not fill, $2.00 is paid to the lessor the following year. In 1993, 35,000 acre- feet was rented at the higher price for uses outside of the basin. This space did not fill in 1994, so the renter received nothing back on the $5.40 payment, and the lessor (in this case irrigation supply companies) received $2.00 per acre-foot and accrued interest for the space that did not fill as a result of 1993 rentals.'" "IDAP A 37.02.03.025.06. SlId. at 37.02.03.03ll. "Id. at 37.02.03.040. "'Telephone conversation with Helen Bivens, Watermaster, Water DistriCl6S, Idaho Depanment of Water Resources (June 15, 1994). 2-14 I I I I I I I I I I I I I I I I I I I