The Water Management District has general and specific power to cause and implement water conservation activities as set forth in Sections 325 and 328 of the Monterey Peninsula Water Management District Law. Existing Water Management District rules also allow transfer of water credits directly into a jurisdiction's water allocation. Existing rules of the Water Management District are silent as to the amount of money or other consideration that may be charged or exacted in relation to the transfer of a water credit. This ordinance states that District permits shall not be issued to enable the use of transferred water credits in the event the transfer is connected with, or conditioned upon, exchange of consideration, including money, compensation or other exchange of value. Public awareness and concern has increased regarding the rules and limits that apply to such transfers.
Prompt action is required to avoid undue delay for all such contemplated water credit transfers.
It is the intent of the Board of Directors to periodically review the provisions of this ordinance. This ordinance shall be known as the Water Credit Transfer Profit Prohibition Ordinance of the Monterey Peninsula Water Management District. Purpose This ordinance revises, amends and republishes existing water use credit provisions set forth in District Rule 28. In all other respects, the text of District Rule 28 shall be republished by this ordinance. Commercial and industrial water credits may also be transferred directly into a jurisdiction's allocation.