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- 5 - o ~ by the Colorado ~ater Conservation Board, but it omits other material portions ~ of the Committee's report as revised and approved by the Board, namely: (.;:' *****i,,"-l:. "The action of the Policy and Review Committee vJill be presented to the Colorado Water Conservation Board for such action as the Board deems proper. "The action of the Colorado \'later Conservation Board will be incorporated in the official comments of the State of Colorado, made pursuant to Section 1 of the 1944 Flood Control Act. "The authorization of the project ,'rill recoenize the Operating Principles approved by the Colorado 11ater Conservation Board. "Prior to commencement of project construction, the folloIJing conditions precedent must be satisfied. "(a) There IJill be executed a payment contract bet.'leen the Zastern Colorado Conservancy District and the United States in nhich will be incorporated the approved Operating Principles. "(b) There will be executed such contract with the Twin Lakes Reservoir and Canal Company as is necessary to make effective the approved Operating Principles. "(c) The Eastern Colorado Conservancy District will firmly bind itself to the operation of the project in accordance with the approved Operating Principles. ******* " "It is recommended that this project shall hereafter be referred to as the Fryingpan-Arkansas Project. Approval of this provision by Eastern Colorado represent~tives shall not be implied as an ebcadonment of their expressed intention to obtain approval of a project from the Gunnison River nor shall approval of this provision by \'Iestern Colorado repre- sentatives be construed as any consent on their part to the authorization of a project for the exportation of water from the Gunnison River to Eastern Colorado. . "The Comr.1ittee recognizes that the approval of this report is not to serve as a precedent or example for the approval of any other trans- mountain diversion of major proportions not heretofore authorized. "The policy of the State of Colorado as initiated in statevJide meetings held under the auspices of the State Planning Commission at Denver and "