{"data":{"id":"us-az/a.r.s.-45-2457.01","jurisdiction":"us-az","citation":"A.R.S. § 45-2457.01","heading":"Exchange of long-term storage credits; limitations; fees","body":"A. On or before December 31, 2019, the authority may enter into agreements to exchange long-term storage credits accrued or purchased in one active management area with monies collected pursuant to section 45-611, subsection C, paragraph 3 for long-term storage credits held by other persons in another active management area, on request of the director, if the director determines both of the following:\n\n1. The exchange is beneficial to water management in this state.\n\n2. The exchange will not substantially impair the authority's ability to meet its firming obligation under section 45-2491.\n\nB. The term of any agreement entered into pursuant to subsection A of this section shall not extend beyond December 31, 2026.\n\nC. Notwithstanding section 45-2457, subsection B, paragraph 6, the authority may distribute or extinguish long-term storage credits obtained by exchange pursuant to subsection A of this section for any purpose otherwise authorized under section 45-2457, subsection B, paragraph 6 for the benefit of any active management area.\n\nD. An exchange of long-term storage credits pursuant to subsection A of this section is exempt from any fee established by the department of water resources for an assignment of long-term storage credits pursuant to section 45-854.01.","path":["Title 45 Waters"],"source_url":"https://www.azleg.gov/ars/45/02457-01.htm","current_through":"2026-09-04","vintage":"2026-08-09","retrieved_at":"2026-09-04T00:49:56Z","sha256":"9705f87337ff1f2c0bdede535c131f45335c64ce15de28234537cd469ac1f50b","source_id":"us-az","stale":true,"prev":"us-az/a.r.s.-45-2457","next":"us-az/a.r.s.-45-2458"},"notice":"GroundRules: Original legal text. Not legal advice."}