Water Rights Presentation summary

Water Rights Presentation summary - 1)

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1) –in Particular, dealing with water transfers. 2) Water transfers are considered inefficient to third parties because they are  interdependent.  A transfer by one person to another could have a large impact on  people downstream. 3) -The Colorado compact was an agreement signed in 1922 and it is still implemented  today. -7 states came to an agreement on how much water they could use from the Colorado  River.  Those states are: Colorado, Utah, Wyoming, New Mexico, Arizona, Nevada, and  California. -It is divided into an Upper Basin and a Lower Basin.  UPPER BASIN: which allots 7.5 MAF each year -CO = 51.75%   3.88MAF -UT = 23%  1.73 MAF -WY = 14%   1.05 MAF -NM = 11.25%  .84 MAF -AZ = .7%  .05 MAF LOWER BASIN: which allots 7.5 MAF each year as well -CA = 58.7%  4.4 MAF -AZ = 37.3 %  2.8 MAF -NV = 4%  .3 MAF -All of these allotments were confirmed in 1963 by the Supreme Court case, Arizona vs.  California
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This note was uploaded on 02/28/2011 for the course ECON 4999 taught by Professor Barry,poulson during the Fall '07 term at Colorado.

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Water Rights Presentation summary - 1)

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