Section 37.02.03.010 - DEFINITIONS01.Board. The Idaho Water Resource Board.02.Board's Water Supply Bank. The water exchange market operated directly by the Board to facilitate marketing of water rights.03.Director. The Director of the Idaho Department of Water Resources.04.Department. The Idaho Department of Water Resources.05.Lease. To convey by contract a water right to the Board's water supply bank or stored water to a rental pool operated by a local committee.06.Local Committee. The committee which has been designated by action of the Board to facilitate marketing of stored water by operating a rental pool pursuant to Section 42-1765, Idaho Code.07.Natural Flow. Water or the right to use water that exists in a spring, stream, river, or aquifer at a certain time and which is not the result of the storage of water flowing at a previous time.08.Rent. To convey by contract a water right from the Board's water supply bank or stored water from a rental pool.09.Rental Pool. A market for exchange of stored water operated by a local committee.10.Stored Water. Water made available by detention in surface reservoirs or storage space in a surface reservoir.11.Water Right. The right to divert and beneficially use the public waters of the state of Idaho including any storage entitlement.12.Water Supply Bank. The water exchange market operated by the Water Resource Board pursuant to Section 42-1761 through 42-1766, Idaho Code, and these rules and is a general term which includes the Board's water supply bank and rental pools.13.Year. A time period of twelve (12) consecutive months.14.Person. Any company, corporation, association, firm, agency, individual, partnership, Indian tribe, government or other entity.Idaho Admin. Code r. 37.02.03.010