Worried by growing demands and shrinking water supplies in the Colorado River Basin, Wyoming lawmakers are seeking legislation to authorize water banking in Wyoming and declare it a “beneficial use.” The proposed changes to water law could allow Wyoming to “bank” Green River water for the purpose of meeting obligations to downstream states, and in doing so keep the state’s water users from running dry in the event of a shortage.Lawmakers on two legislative committees were briefed recently of looming disruption in the Colorado River Basin due to drought and growing demand. The 1922 Colorado River Compact that determines how the basin’s water is divided among seven western states and Mexico is based on overly rosy assumptions of flows. With Lake Powell at 43 percent of capacity and falling, water managers are nervous.They fear cascading events that could limit water use, curtail power generation, reduce critical electricity revenue and jeopardize endangered species in the region where 40 million people depend on Colorado River Basin water. Flows into Lake Powell in 2018 are expected to be 51 percent of normal and a “structural deficit” is causing Lake Mead to fall at a rate of about 12 feet a year.