45-860.01 - Arizona Statutes

45-860.01. Water district account; debits and credits A. The director shall establish a long-term storage account and a water district account for the active management area in which a water district member land or water district member service area is or may be located. B. For each reporting year, the water district groundwater replenishment obligation, as defined in section 48-4801, shall be debited from the water district account. C. For each reporting year, the contract replenishment obligation, as defined in section 48-4801, shall be debited from the water district account. D. On application by a water district to the director, credits in the water district's long-term storage account for an active management area, including credits earned from a state demonstration project permitted pursuant to article 6 of this chapter, shall be transferred and credited to the water district's water district account for the same active management area. E. For each reporting year, the director shall credit the water district's water district account by the amount of water stored by the water district during the reporting year, if the water district has requested the director to credit the stored water directly to its water district account and the stored water would otherwise be eligible for credits in a long-term storage account. F. By October 31 of each year, the director shall determine whether the water district has completed the water district groundwater replenishment obligation for the active management area as prescribed by section 48-4972. G. Credits in a water district account may not be assigned or transferred out of the water district account.