SAN FRANCISCO - A little more than seven years after taking the Reno, Nev., area's water system public, local government officials are considering leasing it out in an attempt to get upfront cash for budgetary relief.

The Truckee Meadows Water Authority acquired the water system in 2001, paying $350 million to buy it from Sierra Pacific Resources after the company announced plans to sell the regional water system and focus on its electric power business.

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