California's 1995 Water Bank Program: Purchasing Water Supply Options
Publication: Journal of Water Resources Planning and Management
Volume 123, Issue 1
Abstract
In anticipation of a second consecutive critically dry year, the California Department of Water Resources (DWR) organized the 1995 Drought Water Bank Program. For the first time, DWR purchased water supply options from willing sellers as insurance against a possible water-short year. These options could be used by Water Bank members if needed to meet critical needs. If the options were not needed, sellers kept the option payment. This paper provides a program manager's view of the planning, management, operations, and financing of the 1995 Drought Water Bank Program and shares the writer's experiences in securing options to provide water supply certainty to California water agencies.
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References
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Bowling, C. V., and Jercich, S. A. (1996). “California's response to drought.” Proc., ASCE North Am. Water and Envir. Conf. '96, ASCE, New York, N.Y.
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State of California. (1991). Rep. of the Governor's Drought Action Team, February 15, 1991, in Accordance With Executive Order No. W-3-91 Signed February 1, 1991. Sacramento, Calif.
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Information & Authors
Information
Published In
Journal of Water Resources Planning and Management
Volume 123 • Issue 1 • January 1997
Pages: 59 - 65
Copyright
Copyright © 1997 American Society of Civil Engineers.
History
Published online: Jan 1, 1997
Published in print: Jan 1997
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