California Emergency Drought Relief Act of 2014 - Title I: California Emergency Drought Relief - (Sec. 102) Grants the Secretaries of Commerce and the Interior (Secretaries) emergency authority, subject to existing priorities of individuals and entities, to direct the operations of the Central Valley Project (CVP) and allow the State Water Project (SWP) operated by the California Department of Water Resources to provide the maximum quantity of water supplies possible to CVP agricultural, municipal and industrial, and refuge service repayment contractors and SWP contractors, by allowing, consistent with applicable laws, any projects or operations to: (1) provide additional water supplies; and (2) address the emergency drought conditions as quickly as possible.
Directs the applicable Secretary, in carrying out such emergency authority, to:
Directs federal agency heads to use the expedited procedures of this Act to make final decisions relating to a federal project or operation to provide additional water supplies or to address emergency drought conditions.
Requires: (1) the Secretary of the Interior, upon the request of the state of California, to convene a final project decision meeting with the heads of relevant federal agencies to decide whether to approve a project to provide emergency water supplies, and (2) the agency heads to issue a final decision on a project not later than 10 days after a meeting is requested.
(Sec. 103) Authorizes the Secretaries to: (1) permit the CVP and SWP, combined, to operate at levels that result in negative Old and Middle River flows at -7500 cubic feet per second for a cumulative period of 28 days after October 1 of each water year during periods in which the daily average river flow of the Sacramento River is at or above 17,000 cubic feet per second (temporary operational flexibility); and (2) continue to impose requirements under the smelt and salmonid biological opinions necessary to avoid additional negative impacts on the long-term survival of a listed fish species beyond the range of those authorized under the Endangered Species Act of 1973.
(Sec. 104) Requires the Secretaries to provide a progress report on the implementation of emergency drought relief projects under this title to the House Committee on Natural Resources and the Senate Committee on Energy and Natural Resources.
(Sec. 105) Requires the Secretary of the Interior, one year after the enactment of this Act, to provide a progress report on the status of certain feasibility studies, including timelines for study completions and environmental documents.
Title II: Protection of Third-Party Water Rights - (Sec. 201) Directs the Secretary of the Interior to confer with the California Department of Fish and Wildlife on potential impacts to any consistency determination for operations of the SWP resulting from the implementation of this Act.
(Sec. 202) Requires the Secretary, in the operation of the CVP, to adhere to California laws governing water rights priorities and honor water rights senior to those held by the United States for operation of the CVP, regardless of the source of priority, including any appropriative water rights initiated prior to December 19, 1914.
(Sec. 203) Requires the Secretary to ensure that actions taken to comply with environmental laws do not: (1) result in the involuntary reduction of water supply or fiscal impacts to recipients of water from either the SWP or the United States, or (2) cause redirected adverse water supply or fiscal impacts to those within the Sacramento River or San Joaquin River watersheds or the SWP service area.
(Sec. 204) Directs the Secretary of the Interior, in the operation of the CVP, to allocate water provided for irrigation purposes to existing CVP agricultural water service contractors within the Sacramento River Watershed in compliance with specified allocation percentages. Makes the Secretary's allocations subject to: (1) the priority of individuals or entities with Sacramento River water rights, (2) the U.S. obligation to make a substitute supply of water available to the Sans Joaquin River Exchange Contractors, and (3) the Secretary's obligation to make water available to managed wetlands pursuant to the Central Valley Project Improvement Act. Declares that the Secretary's allocation authority shall not be deemed to: (1) modify any provision of a water service contract that addresses municipal and industrial water shortage policies; (2) affect or limit the authority of the Secretary to adopt, modify, or implement municipal and industrial water shortage policies; (3) affect allocations to CVP municipal and industrial contractors; (4) affect the allocation of water to Friant Division contractors; or (5) result in the involuntary reduction in contract water allocations to individuals or entities with contracts to receive water from the Friant Division.
Requires the Secretary to develop and implement a program to allow existing CVP agricultural water service contractors within the Sacramento River Watershed to reschedule water, provided for under their water service contracts, from one year to the next.
Title III: Miscellaneous Provisions - (Sec. 301) Declares that nothing in this Act preempts or modifies any existing obligation of the United States under federal reclamation law to operate the CVP in conformity with state law, including established water rights priorities.
(Sec. 302) Terminates this Act on the later of September 30, 2016, or the date on which the governor of California suspends the state of drought emergency declaration.