Sec. 5. STORAGE AGREEMENTS
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## SEC. 5 STORAGE AGREEMENTS ###
(a)Authorization Notwithstanding section 2116 of the Revised Statutes (commonly known as the “Indian Trade and Intercourse Act”) (25 U.S.C. 177) or any other provision of law, the CRIT is authorized, subject to the approval of the Secretary under section 7(a), and has the sole authority, to enter into an agreement, including with the Arizona Water Banking Authority (or a successor agency or entity), for the storage of a portion of the consumptive use, or the water received under an exchange pursuant to an exchange agreement under section 4, at 1 or more underground storage facilities or groundwater savings facilities off the Reservation (referred to in this Act as a “storage agreement”), subject to the conditions that the facility is located in the Lower Basin in the State and is not located in the counties of Navajo, Apache, or Cochise in the State. ###
(b)Modifications Any storage agreement entered into under subsection
(a)may be renegotiated or modified at any time during the term of the storage agreement, subject to the approval of the Secretary under section 7(a). ###
(c)Applicable Law Any storage agreement entered into under subsection
(a)shall be in accordance with applicable Federal and State law. ###
(d)Delegation of Rights The CRIT may assign or sell any long-term storage credits accrued as a result of a storage agreement, subject to the condition that the assignment or sale is in accordance with applicable State law.
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