118 STAT. 1685 PUBLIC LAW 108–361—OCT. 25, 2004 prepare and submit to Congress a report on the measures necessary to rebalance the Program. (II) SCHEDULES AND ALTERNATIVES.—The report shall include preparation of revised sched ules and identification of alternatives to rebalance the Program, including resubmission of the project to Congress with or without modification, construc tion of other projects, and construction of other projects that provide equivalent water supply and other benefits at equal or lesser cost. (C) WATER SUPPLY AND YIELD STUDY.— (i) IN GENERAL.—The Secretary, acting through the Bureau of Reclamation and in coordination with the State, shall conduct a study of available water supplies and existing and future needs for water— (I) within the units of the Central Valley Project; (II) within the area served by Central Valley Project agricultural, municipal, and industrial water service contractors; and (III) within the Calfed Delta solution area. (ii) RELATIONSHIP TO PRIOR STUDY.—In conducting the study, the Secretary shall incorporate and revise, as necessary, the results of the study required by sec tion 3408(j) of the Central Valley Project Improvement Act of 1992 (Public Law 102–575; 106 Stat. 4730). (iii) REPORT.—Not later than 1 year after the date of enactment of this Act, the Secretary shall submit to the appropriate authorizing and appropriating committees of the Senate and the House of Representa tives a report describing the results of the study, including— (I) new firm yield and water supply improve ments, if any, for Central Valley Project agricul tural water service contractors and municipal and industrial water service contractors, including those identified in Bulletin 160; (II) all water management actions or projects, including those identified in Bulletin 160, that would— (aa) improve firm yield or water supply; and (bb) if taken or constructed, balance avail able water supplies and existing demand with due recognition of water right priorities and environmental needs; (III) the financial costs of the actions and projects described under subclause (II); and (IV) the beneficiaries of those actions and projects and an assessment of the willingness of the beneficiaries to pay the capital costs and oper ation and maintenance costs of the actions and projects. (D) MANAGEMENT.—The Secretary shall conduct activi ties related to developing groundwater storage projects to the extent authorized under law.
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