Conveyance of Extinguishment Credits - Arizona

Conveyance of Extinguishment Credits is a legal document that was released by the Arizona Department of Water Resources - a government authority operating within Arizona.

FAQ

Q: What is the conveyance of extinguishment credits in Arizona?
A: The conveyance of extinguishment credits in Arizona refers to the transfer of water rights from one entity to another.

Q: What are extinguishment credits?
A: Extinguishment credits are a form of compensation given to water right holders when their water rights are permanently retired or extinguished.

Q: Why would water rights be permanently retired or extinguished?
A: Water rights may be permanently retired or extinguished to address water scarcity, meet environmental needs, or resolve competing water demands.

Q: Who can transfer extinguishment credits?
A: Extinguishment credits can be transferred by water right holders, water banks, or other entities designated by the state.

Q: How are extinguishment credits used?
A: Extinguishment credits can be used to secure new water rights or provide additional water supplies to meet demand.

Q: Are there any restrictions on the transfer of extinguishment credits?
A: Yes, there are certain restrictions and regulations governing the transfer of extinguishment credits in Arizona to ensure proper management of water resources.

Q: What is the purpose of the conveyance of extinguishment credits?
A: The purpose of the conveyance of extinguishment credits is to facilitate the voluntary retirement or transfer of water rights to achieve water management objectives.