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<br />O"Ol~3l9. <br /> <br />STATE OF COLORADO <br /> <br />. <br /> <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />721 Centennial Building <br />1 31 3 Sherman Street <br />Denver, Colorado 80203 <br />Phone: (303) 866.3441 <br />FAX: (303) 866-4474 <br /> <br />MEMORANDUM <br /> <br />Roy Romer <br />Governor <br /> <br />James 5. Lochhead <br />.Execulive Director, DNR <br /> <br />Daries C. Lile, P.E. <br />Director, CWCB <br /> <br />TO: <br /> <br />Colorado Water Conservation Board Members <br /> <br />FROM: Randy Seaholm <br /> <br />DATE: January 20, 1998 <br /> <br />SUBJECT: Agenda Item 29b, January 28-29,1998, Board Meeting-- <br />Proposed Federal Rule - Offstream Storage of Colorado River Water and <br />Interstate Redemption of Storage Credits in the Lower Division States <br /> <br />BACKGROUND <br /> <br />The "7\10 Negotiations" that began in 1992 were necessitated as the lower basin <br />states approached full development of their compact apportionment and began searching <br />for additional w~ter supply. It has been the goal of the Upper Basin States during these <br />negotiations to limit the uses of water in the lower basin of the Colorado River to the <br />entitlements set forth in the Colorado River Compact, as further defined by the Boulder <br />Canyon Project Act and in Arizona v California, and to provide for the continued <br />protection of Colorado River water allocations in the Upper Basin States. There are three <br />major issues under consideration at this time: <br />1. Getting California to develop a plan to reduce their uses to the 4.4 maf they <br />are allowed; <br />2. Implementation of rules governing the, " Offstream Storage of Colorado River <br />Water and Interstate Redemption of Storage Credits in the Lower Division <br />States;" and <br />3. Development of criteria for determining surplus and shortage water conditions <br />on the Colorado River. <br />The proposed rule, which is attached hereto, addresses the second item, which concerns <br />water banking in the Lower Division states. As Mr. Lochhead noted when he mailed <br />you copies ofthe proposed rule on January 8, 1998, we have until March 2, 1998 to <br />comment on the proposed rule. The purpose of this memorandum is to illustrate our <br />understanding of the proposed rule and identify issues that we propose to comment on. <br /> <br />/ <br />