Credit Retirement Program Under Development: The board discussed creating a new program where the GSA could potentially purchase water credits from landowners at a tentative $150 per acre-foot price point to permanently retire them and reduce future pumping exposure. This was discussed as potentially applying to both native yield credits and surface water credits that could be transferred into the dashboard system and permanently removed from circulation. The concept could include an annual cap and operate on a first-come, first-serve basis similar to the successful fallowing program, providing landowners with an additional outlet for credits beyond the open market, but no program was approved yet.
600 Acre-Feet of Imported Water Successfully Recharged: The board ratified a water purchase agreement with Kaweah Delta Water Conservation District that brought in 600 acre-feet of Class 1 CVP water from Orange Cove Irrigation District at $250 per acre-foot for groundwater recharge through the Kaweah River system. The board emphasized the need to establish a formal tracking system or "dashboard account" to record all imported water, fallowing credits, and retired credits to properly account for overdraft mitigation efforts and inform future modeling.
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