REGULATORY DEVELOPMENTS

March 2007

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Nevada State Engineer Rejects Bulk of Request to Appropriate Water for Large-Scale Development Near Las Vegas

On February 2, 2007, the Nevada State Engineer (State Engineer), ruled upon the Lincoln County Water District’s (LCWD) and Vidler Water Company’s (Vidler) applications for an appropriation of up to 17,380 acre-feet annually (AFA) to ultimately be used by Coyote Springs Investment (CSI) for a large-scale master-planned community 60 miles north of Las Vegas. The State Engineer granted the request, but only for 1,000 AFA.