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County shall purchase Errors and Omissions policies for each of the appointed Water Board members and their staff. 4.2 The Water Board provides a water transfer exchange through which water right holders may seek a formal water right transfer of all or part of their legitimately established water right. The Water Board may review water right transfer proposals that involve all types of water transfers and changes, including short-term or long-term transfers (leases), or permanent water transfers. The Water Board may make decisions on (conditionally approve) transfers involving a change in place of use, point of diversion or withdrawal, purpose of use, time of use, and quantity permitted. All decisions of the Water Board shall be based solely upon established water law and shall be made subject to existing rights. 4.3 The Water Board may make decisions on (conditionally approve) the transfer of a water right or claim filed under Chapter 90.14 RCW that has not been adjudicated; but neither the Water Board's approval of a transfer, nor the Director of Ecology approval of the Water Board's action constitutes and adjudication of the validity, priority, or quantity of the transferor's water right, and such approvals do not preclude or prejudice a subsequent challenge to the transferor's water right. 4.4 Approval by the Water Board of an application for a water right transfer functions as an open water exchange. The Water Board will establish policies and procedures for administration of a system of timely conditional approvals for water transfers, consistent with its water exchange function. 4.5 The Water Board shall maintain all information made available to it concerning water rights before the Water Board during the processing period. All original documents, the Report of Examination (ROE) and Record of Decision (ROD) shall be forwarded to the Department of Ecology and be maintained in the Department of Ecology offices and are public documents subject to public review. 4.6 Application to the Water Board for water transfers shall be made on a form provided by, or reviewed and approved by, the Department of Ecology, shall contain sufficient information as required by the Water Board to act upon the application. The application shall include information sufficient to establish to the Water Board's satisfaction the transferor's right to the quantity of water being transferred, a description of any applicable limitations on the right to use water, including the point of diversion or withdrawal, place of use, source of supply, purpose of use, quantity of use permitted, time of use, and place of storage. The decision by a water right transfer applicant to apply to the Water Board, as opposed to seeking direct review by the Department of Ecology, is solely at the discretion of the applicant. 4.7 The water transfer applicant may apply to the Water Board for conditional approval of the transfer if the water proposed to be transferred is currently diverted or used within Kittitas County, or if it would be used within Kittitas County with transfer approval. In the case of a proposed water transfer in which water is currently diverted or would be diverted outside of the geographic boundaries of Kittitas County, the Water Board shall hold a public meeting or hearing on the transfer within such other county, and it may hold a public meeting or hearing within Kittitas