April, 1994
Arizona Water Resources,
Joe Gelt
ed.,
vol.
3,
no.
1,
12
pp.,
Water Resources Research Center,
Tucson, AZ,
April, 1994
After five years of debt negotiations between officials of New Magma Irrigation and Drainage District and the U.S. Bureau of Reclamation, NMIDD filed for municipal bankruptcy in Federal District Court in mid-January. NMIIDD's action is a closely watched development since the financial health of the irrigation districts is viewed as an indicator of agriculture's viability as a Central Arizona Project water user. Other Arizona irrigation districts are financially stressed, with some observers speculating that future bankruptcies are a distinct possibility.