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M&I Entities Using CBT as <br />Supplemental Supply <br />• Limited Units remaining <br />• Many Entities Capped at present must either <br />acquire additional Water rights or have <br />developers provide units for their developments <br />• M&I providers could pursue fallowing programs <br />or direct acquisition of Ag shares <br />• Acquisition of Ag shares in region will also cause <br />competition for the water supplies with <br />transbasin sources and the most senior rights <br />6 <br />