Credit Exchange for Long-term Storage Credits for Colorado River Water Sample Clauses

Credit Exchange for Long-term Storage Credits for Colorado River Water. Multiple interstate or intrastate users of the Arizona Water Banking system now maintain Long-term Storage Credit balances with the Arizona Water Bank and may seek recovery of those credits on recovery request schedules that are similar to or varied from SNWA’s initial or amended recovery request schedule. The parties agree, that in each annual meeting in which SNWA’s initial or amended recovery request schedule is discussed, that the parties shall disclose any available information regarding the recovery request schedules of other interstate or intrastate users of the Arizona Water Banking system, and the existence of any opportunities for the integration of recovery request schedules, including through the exchange of existing Long-term Storage Credit balances for the right to direct delivery of Colorado River water, so as to minimize recovery costs. The parties agree that any administrative costs, as contemplated by the Interstate Water Banking Agreement would not be avoided by such credit exchanges. [Same as above regarding Example and SOI approval and part 414 compliance]
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