42-1765 — LOCAL COMMITTEES -- RENTAL OF STORED WATER -- APPORTIONMENT OF RENTAL PROCEEDS


                                  TITLE  42
                       IRRIGATION AND DRAINAGE -- WATER
                            RIGHTS AND RECLAMATION
                                  CHAPTER 17
                       DEPARTMENT OF WATER RESOURCES --
                             WATER RESOURCE BOARD
    42-1765.  LOCAL COMMITTEES -- RENTAL OF STORED WATER -- APPORTIONMENT OF
RENTAL PROCEEDS. The water resource board may appoint local committees,
including water district advisory committees as provided in section 42-605(6),
Idaho Code, to facilitate the rental of stored water. When so appointed, the
committee shall have the authority to market stored water between consenting
owners and consenting renters under rules and regulations adopted by the
board. The director of the department of water resources may approve a general
lease which the local rental committee may utilize to meet the approval
requirements enumerated in section 42-1763, Idaho Code.
    In exercising its authority under this section, the local rental
committee, if also the advisory committee of a water district, shall
determine, in advance, at the annual meeting of water users of the water
district held pursuant to section 42-605, Idaho Code, each year, that portion
of the proceeds for the year from the lease of stored water to be paid to
consenting contract holders of the storage water rights as reimbursement for
their costs and that portion to be retained by the district in which the
committee is located. Any proceeds retained by a district shall be used
exclusively by the advisory committee of the water district for public
purposes as set forth in section 42-613A, Idaho Code, and as provided by
resolutions adopted by the water users of the district.