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California's Drought: 2009 Drought Water Bank
This 2008 document provides background about the operation of a water bank for California for the projected 2009 drought. For this water bank, the California Department of Water Resources "will purchase water from willing sellers from water suppliers upstream of the Sacramento-San Joaquin Delta. This water will be transferred ... to water suppliers that are at risk of experiencing water shortages." Opens directly into a PDF file. From the California Department of Water Resources.
http://www.water.ca.gov/drought/docs/2009water_bank.pdf

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