1. The Nevada Voluntary Water Rights Retirement Program is hereby established in the Nevada Conservation and Recreation Program created by NRS 232.1587 to purchase and retire decreed or certificated groundwater rights from willing sellers and to accept donations of groundwater rights for retirement in order to: (a) Protect the natural resources of this State; (b) Address declining levels of groundwater; or (c) Address conflicts with existing rights or with protectable interests in existing domestic wells. 2. The Nevada Voluntary Water Rights Retirement Program must be administered by the Director. In administering the Program, the Director shall, to the extent money is available in the Account for Retiring Water Rights created by NRS 232.15875 , identify and purchase decreed or certificated groundwater rights for retirement by the State Engineer pursuant to NRS 534.115 from persons willing to retire those groundwater rights in groundwater basins where: (a) An order issued by the State Engineer precludes the issuance of permits for new appropriations of groundwater in the groundwater basin; or (b) The retirement of groundwater rights in the groundwater basin meets any purpose set forth in subsection 1. 3. The Director shall document in writing the purpose of each decreed or certificated groundwater right that is purchased by or donated to the Program and file the written document with the State Engineer. 4. When sufficient money is available in the Account for Retiring Water Rights created by NRS 232.15875 , the Director may accept applications for the purchase and retirement of decreed or certificated groundwater rights. 5. The Director shall not accept donations or applications for the purchase and retirement of decreed or certificated groundwater rights after June 30, 2035. NRS 232.1588 Nevada Voluntary Water Rights Retirement Program: Creation; administration; duties of Director. [Effective July 1, 2035.] 1. The Nevada Voluntary Water Rights Retirement Program is hereby established in the Nevada Conservation and Recreation Program created by NRS 232.1587 to purchase and retire decreed or certificated groundwater rights from willing sellers and to accept donations of groundwater rights for retirement in order to: (a) Protect the natural resources of this State; (b) Address declining levels of groundwater; or (c) Address conflicts with existing rights or with protectable interests in existing domestic wells. 2. The Nevada Voluntary Water Rights Retirement Program must be administered by the Director. 3. The Director shall not accept donations or applications for the purchase and retirement of decreed or certificated groundwater rights after June 30, 2035.
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