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<br />001263 <br /> <br />, <br /> <br />Offstream Storage of Colorado River Water, Interstate Delivery of <br />Intentionally Created Unused Apportionment and Redemption of <br />Storage Credits in the Lower Division States <br /> <br />Benefit-Cost Analysis/Unfunded Mandates Reform Act Analysis <br /> <br />Table of Contents <br /> <br />EXECUTIVE SUMMARY <br />SECTION I - POLICY RATIONALE <br /> <br />Introduction <br /> <br />2 <br />2 <br /> <br />Policy Rationale <br /> <br />State of Arizona Request for Regulation <br />Future Demand for Colorado River Water <br />Risk Associated With On Stream Storage <br />National Benefits of Regulatory Action <br />Legal Authority for Regulatory Action <br /> <br />2 <br />3 <br />3 <br />4 <br />5 <br /> <br />SECTION II - BASELINE CONDITIONS <br /> <br />Arizona Water Banking Authority Beneficiaries <br />Funding for Arizona Water Banking and Recovery <br />of Banked Water . , . . . . , . . <br /> <br />7 <br />7 <br />7 <br />7 <br />8 <br />12 <br />12 <br />13 <br /> <br />'. <br /> <br />Area of Study and Period of Analysis <br /> <br />Area of Direct Impact . . . . . <br />Physical Setting of the Colorado River <br />Period of Analysis , <br /> <br />Institutional Framework . . . . <br /> <br />Arizona Water Banking Authority <br /> <br />Colorado River Water Supply and Demand <br /> <br />Colorado River Water Supply . , . . <br />Future Demand Projections . . . . . . . <br />General Approach for Projecting Water Use <br />Surplus, Normal, and Shortage Criteria <br />Identification of Colorado River Water Users <br /> <br />13 <br /> <br />Evaluation of Alternatives to Rulemaking <br />Underlying Assumptions <br />Water Values. . . . <br /> <br />13 <br />14 <br />14 <br />15 <br />17 <br />18 <br /> <br />19 <br /> <br />19 <br /> <br />i <br />