Sure, here's some interesting links. People with water rights will find buyers will to lease or purchase them. But there are a number of Federal, State and local laws which prohibit certain transfers of water rights. In some cases transferring water rights terminates them. If these don't cover it tell me what you're looking for specifically.
Compare what little water Las Vegas will soon be entitled to:
en.wikipedia.org
grist.org
latimes.com
latimes.com
If, come Jan. 1, Lake Mead’s level is below 1,075 feet, the U.S. Bureau of Reclamation, which manages the river, will declare an official shortage for the first time ever — setting into motion a series of already agreed-upon mandatory cuts in water outlays, primarily to Arizona. (Nevada and Mexico will also receive smaller cuts.) The latest forecasts give a 33 percent chance of this happening. There’s a greater than 75 percent chance of the same scenario on Jan. 1, 2017. Barring a sudden unexpected end to the drought, official shortage conditions are likely for the indefinite future. Why Arizona? In exchange for agreeing to be the first in line for rationing when a shortage occurs, Arizona was permitted in the 1960s to build the Central Arizona Project, which diverts Colorado River water 336 miles over 3,000 feet of mountain ranges all the way to Tucson. It’s the longest and costliest aqueduct in American history, and Arizona couldn’t exist in its modern state without it. Now that a shortage is imminent, another fundamental change in the status quo is on the way. As in California, the current drought may take a considerable and lasting toll on Arizona, especially for the state’s farmers.
“A call on the river will be significant,” Joe Sigg, director of government relations for Arizona Farm Bureau, told the Arizona Daily Star. “It will be a complete change in a farmer’s business model.” A “call” refers to the mandatory cutbacks in water deliveries for certain low-priority users of the Colorado. Arizona law prioritizes cities, industry, and tribal interests above agriculture, so farmers will see the biggest cuts. And those who are lucky enough to keep their water will pay more for it.
According to Robert Glennon, a water policy expert at the University of Arizona, the current situation was inevitable. “It’s really no surprise that this day was coming, for the simple reason that the Colorado River is overallocated,” Glennon told me over the phone recently. Glennon explained that the original Colorado River compact of 1922, which governs how seven states and Mexico use the river, was negotiated during “the wettest 10-year period in the last 1,000 years.” That law portioned out about 25 percent more water than regularly flows, so even in “normal” years, big reservoirs like Lake Mead are in a long-term decline. “We’ve been saved from the disaster because Arizona and these other states were not using all their water,” Glennon said.
Compared with Las Vegas thinking they merely needed a deeper outlet on Lake Mead:
this: cbsnews.com
popsci.com
latino.foxnews.com
And of course there's that water under some cattle ranches near Las Vegas:
bloomberg.com
latimes.com
slate.com
reviewjournal.com
brookings.edu
slate.com
utsandiego.com
tucson.com
latimes.com
San Diego vs. The Metropolitan Water District of Southern California:
latimes.com
google.com
abcnews.go.com
delmartimes.net
voiceofsandiego.org
sandiego6.com
finance.yahoo.com
sdcwa.org
voiceofsandiego.org
The Imperial Valley
en.wikipedia.org
npr.org
sci.sdsu.edu
archive.desertsun.com
forbes.com - Bass Brother buy Imperial Valley Land for water rights
wsj.com
newyorker.com
huffingtonpost.com
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