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<br />Agenda Item 25 - California QSA <br />May 19-20, 2003 Board Meeting <br />Page 2 of5 <br /> <br />2, The package should substantially eliminate the uncertainties of previous off-ramps, <br />3. The QSA creates baseline for implementing water transfers, ISG w~uld bere-instated, and long <br />standing disputes regarding priority & use of Colorado River water resolved, <br />4, Next step for lID will be to satisfy conditions, including necessary on-faun conservation <br />participation rules. <br />5. Establish local entity that will administer receipt and disbursement of funds available for <br />mitigating socio-economic impacts, <br />6. State provides $150 million in loan guarantees to cover any stranded costs, <br />7. State grants $200 million in Proposition 50 bond funds to help facilitate implementation of <br />conservation and transfer programs, <br />8. State provides $50 million of Proposition 50 funds for Salton Sea restoration. <br />9. Critics say too much reliance on Proposition 50 bond money, may be difficult to get California <br />legislature approvals, still missing a nonrefundable deposit. <br /> <br />", <br /> <br />. <br /> <br />1999 Kev Terms <br />. lID to transfer 2 MAF to SDCW A in 1 sl 15 years using efficiency based conservation, no <br />fallowing, <br />. Salton Sea restoration independent of QSA and transfers, <br />. Only $43 million in local funds for environmental mitigation, <br />. Termination could occur if funding and loan guarantees not provided or ifIID finds the RCP <br />unacceptable. <br /> <br />~~~ . <br />. lID to transfer 1 MAF in 1 sl15 years, MWD to provide 390,000 AF ofPVID water to substitute <br />in part for the reduction, <br />. lID to fallow lands necessary to provide 1,5 MAP (approximately 25,000 acres assuming 4 <br />af\acre) in 1 sl 15 years for transfer and mitigation. <br />. Imperial Valley concerns related to socio-economic impacts and Salton Sea to be addressed, <br /> <br />2003 OSA <br />. Accomplishes original objectives, <br />. Peace Treaty among the major signatories. <br />. State provides funding and guarantees, <br />. No federal legislation or appropriations required, <br />. Maximum potential 75-year duration unchanged, renewal of initial 45-year term for additional <br />30-years by mutual consent ofIID & SDCW A, <br />. Minimum duration extend from 30 to 35 years, only SDCW A can trigger termination due to <br />transportation costs (1 st off-ramp in 1'145 years), <br />. 2nd off-ramp during 1 sl 45 years is if all funds for expected & unexpected environmental cost <br />have been spent. <br />. Funding and loan guarantees must be in-place b~fore QSA becomes effective. Target July 30, <br />2003 but no later than October 30, 2003. <br />o MWD and SDCW A set aside $200 million of local funds in a JP A controlled interest <br />bearing account over term of agreement for QSA-related environmental costs, . <br /> <br />Flood Protection. Water Project Planning and Financing' Stream and Lake Protection <br />Water Supply Protection' Conservation Planning <br />