Common use of WATER RIGHTS ACQUISITION Clause in Contracts

WATER RIGHTS ACQUISITION. Subject to the dollar limit in Article 10.1.4.1, the State shall provide funds to the eleven (11) water rights acquiring MDWCAs listed in Table 8 below (those with non-zero entries in the column labeled “Water Rights to Be Acquired”) as necessary for: (a) acquisition of up to one hundred forty-five (145) AFY of consumptive use water rights from the Rio Grande or its tributaries; (b) all administrative, technical, and legal costs and fees associated with such acquisition; (c) all administrative, technical, and legal costs and fees associated with transferring those water rights; and (d) all necessary permits. The allocation of water rights acquired with these funds shall be as described in Table 8 below. In the event that this funding is insufficient to acquire the full one hundred forty-five (145) AFY of consumptive use water rights, allocation of the acquired water rights shall be pro rata among the same said eleven