Spokane County, in conjunction with Stevens and Pend Oreille Counties, is evaluating the use of a water bank to address existing and potential regulatory constraints on existing and new water use, in Water Resource Inventory Area (WRIA) 55, the Little Spokane Watershed.Little Spokane River
A water bank is an institutional mechanism that facilitates transfer of senior water rights between buyers and sellers. While individual parties can currently buy and sell water rights without a water bank, a water bank can reduce transaction costs and allow the distribution of one large water right to multiple small uses.
The feasibility study includes 7 tasks:
Development of a Policy Advisory Group to guide and inform all aspects of the project
Evaluation of water bank structural and operational options