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Quantification Settlement Agreement Joint Powers Authority
This agreement establishes the Quantification Settlement Agreement Joint Powers Authority (QSA JPA) among the State of California, Coachella Valley Water District, Imperial Irrigation District, and San Diego County Water Authority. Its primary purpose is to manage and fund environmental mitigation requirements and Salton Sea restoration costs associated with Colorado River water transfers. The agreement sets financial limits for the contributing parties' responsibilities, including a $133,000,000 present value for environmental mitigation costs and a $30,000,000 present value for Salton Sea restoration costs, with the State bearing remaining liabilities. It incorporates detailed payment schedules and various cost estimates for different mitigation categories.
Effective Date
Jan 1, 2004
Expires
Effective: Jan 1, 2004
Quantification Settlement Agreement Joint Powers Authority
Expires:
This agreement establishes the Quantification Settlement Agreement Joint Powers Authority (QSA JPA) among the State of California, Coachella Valley Water District, Imperial Irrigation District, and San Diego County Water Authority. Its primary purpose is to manage and fund environmental mitigation requirements and Salton Sea restoration costs associated with Colorado River water transfers. The agreement sets financial limits for the contributing parties' responsibilities, including a $133,000,000 present value for environmental mitigation costs and a $30,000,000 present value for Salton Sea restoration costs, with the State bearing remaining liabilities. It incorporates detailed payment schedules and various cost estimates for different mitigation categories.
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