Report on Implementing Multi-year Flex Accounts (K.S.A. 82a-736)

"Multi-year flex accounts (MYFAs) allow water right holders to obtain a term permit that replaces their water right for five years. This term permit allows the water right holder to exceed their annual authorized quantity of water but restricts the total amount that can be pumped over the 5-year period. The program is voluntary and does not permanently change the water right. At the end of the 5-year period, if the water right is not enrolled in a new MYFA, the original conditions of the water right are restored."