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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 />Chapter 4 <br /> <br />3.3.1.2 The Kern Water Bank <br />3.3.1.2.1 Terms of the agreement <br />3.3.1.2.2 Status <br />3.3.1.2.3 Unresolved issues <br />3.3.1.3 Arvin Edison/Metropolitan Water District arrangement <br />3.3.1.3.1 Terms of the agreement <br />3.3.1.3.2 Status <br />3.3.1.3.3 Unresolved issues <br />3.3.1.4 Orange County Water District, California <br />3.3.1.4.1 Description of the basin <br />3.3.1.4.2 Nature of the agreement <br />3.3.1.4.3 Parties involved <br />3.3.1.4.4 Terms of the assessments <br />3.3.1.4.5 Physical requirements <br />3.3.1.4.6 Status <br />3.3.1.4.7 Unresolved issues <br />3.3.1.5 Las Vegas Valley Groundwater Recharge, Nevada <br />3.3.1.5.1 Description of the basin <br />3.3.1.5.2 Nature of the arrangement <br />3.3.1.5.3 Physical requirements <br />3.3.1.5.4 Status <br />3.3.1.5.5 Unresolved issues <br />3.3.1.6 Arizona-California Colorado River Water Storage Agreement <br />3.3.1.6.1 Characterizing the agreement <br />3.3.1.6.2 Establishment of the account <br />3.3.1.6.3 Operation of the account <br />3.3.1.6.4 Credits to the account <br />3.3.1.6.5 Withdrawals from the account <br />3.3.1.6.6 Participation by other parties <br /> <br />IssUES IN THE DESIGN AND OPERATION OF A WATER BANK <br /> <br />4.1 Fundamental Issues in Designing a Water Bank <br /> <br />4.1.1 General Issues <br />4.1.2 Issues Specific to Water Allocation Mechanisms <br />4.1.3 Detailed Issues Relevant to the Design' of Water Banks <br /> <br />4.2 Issues Under1yingSupply (Offers to the Bank to Sell) and Demand (Offers <br />to Buy) <br /> <br />4.2.1 Behavior of the Agricultural Seller of Water <br />4.22 Factors Underlying the Demand for Water <br /> <br />4.3 Alternative Methods of Water Bank Organization <br /> <br />4.3.1 The ''Bulletin Board Bank" <br />4.3.2 Standing Offers to Buy and Sell at Fixed Prices <br />4.3.3 Sealed-Bid Double Auctions <br /> <br />v <br />