BOARD00055 ‎(2)‎

• Board Meeting Date: 11/13/2006
• Description: IBCC Director's Report - Interbasin Compact Committee Annual Report to the House of Representatives Com. On Agriculture, Livestock, Natural Resources, and Senate Com. On Agriculture, Energy, Natural
• Board Meetings - Doc Type: Memo

5. HB 05-1177 shall not be impl'emented in any way that would diminish, impair, or
cause injury to any property or contractual right created by intergovernmental
agreements, contracts, stipul~tions among parties to water cases, terms and
conditions in water decrees, or any other similar document related to the
allocation or use of water.

6. HB 05-1177 shall not be construed to supersede, abrogate, or cause injury to
vested water rights or decreed :conditional water rights.

7. HB 05-1177 does not impair, limit, or otherwise affect the rights of persons or
entities to enter into agreements, contracts, or memoranda of understanding with
other persons or entities relatip.g to the appropriation, movement, or use of water
under other provisions of law.

III. FOUNDATIONAL GUIDING PRINCIPLES

The lBCC is informed and guided b~ the following foundational principles, which will
provide a framework for future discus~ions.

1. All Colorado water users must share ill solving Colorado's water resource
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problems.

2. The State of Colorado should provide assistance, when requested, for local water
supply planning and assist i~ the implementation of consensus-based water
resource solutions that respect local authorities, private property and water rights.
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3. During the process of planning to meet future needs, water suppliers and utilities
should give preference to development of economically viable local water sources
and demand management as they consider other options, including development
of new water transfers.

4. Additional water storage should be pursued through the improvement and
rehabilitation of existing structures and the development of new structures. These
activities should be accomplishyd with local consensus.

5. The right of water rights owner~ to market their water rights must be protected.
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Colorado must fully explore flexible, market-based approaches to
water supply management, including interruptible water contracts,
water banking, in-~tate water leasing and groundwater recharge
management. J
Those seeking to t~ansfer agricultural water to another use should
consider leasing or other temporary arrangements for transfer of water,
rather than relying: exclusively on the purchase of water rights.
Leasing or other ~uch temporary arrangements could allow for

a.

b.

!BCC Charter

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