long-term storage accounts; credits; percentage

SB 1387 establishes a system for crediting water stored in designated facilities toward long-term water accounts in Arizona. It directly affects water storers (like farmers or companies) who store water in specific locations, such as groundwater savings facilities or managed underground storage sites. The bill sets varying credit percentages (50% to 100%) based on storage conditions, such as whether the water is effluent, stored for park benefits, or used in mineral extraction areas. Key provisions include a 15,000 acre-foot annual limit for some storage and higher credits (up to 95%) for water stored in facilities benefiting parks or aquifers.