Terms Used In Kansas Statutes 82a-768

  • Safe deposit account: means a personal account held in a water bank where unused water from a bankable water right is placed for use in future years. See Kansas Statutes 82a-762
  • Water bank: means a private not-for-profit corporation that: (1) Leases water from water rights that have been deposited in the bank; and (2) provides safe deposit accounts. See Kansas Statutes 82a-762
  • Water right: means any vested right or appropriation right under which a person may lawfully divert and use water. See Kansas Statutes 82a-701

Depositing a water right in a water bank or placement of water in a safe deposit account in a water bank shall constitute due and sufficient cause pursuant to Kan. Stat. Ann. § 82a-718, and amendments thereto, for failure to use water for a lawful, beneficial use for the term of the deposit or the placement.