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<br />.., <br /> <br />WHEREAS, lID shares in the third and sixth priorities of <br />California's Colorado River water entitlement pursuant to the 1931 <br />Seven Party Agreement; and <br /> <br />WHEREAS, the 1934 Compromise Agreement subordinated <br />Valley Water District's priority to lID's priority, and <br />preferential use of the remaining 3.85 million <br />consumptive use entitlement after satisfaction of the <br />priorities; and <br /> <br />Coachella <br />gives lID <br />acre-feet <br />first two <br /> <br />WHEREAS, the u.S. Supreme Court's Decree in Arizona v. <br />California confirmed lID's present perfected right of 2.6 million <br />acre-feet per year; and <br /> <br />WHEREAS, state law vests the title to conserved water ln the <br />entity responsible for the conservation measures; and <br /> <br />WHEREAS, federal and western states' water policies seem to be <br />evolving toward a market-based approach to water transfers in order <br />to allow supplies to move toward higher-value use, thus enabling <br />consumers to benefit from the lower prices that traditionally go <br />hand-in-hand with free markets; and <br /> <br />WHEREAS, lID's water rights are threatened from time to time <br />by federal and state regulatory and administrative initiatives <br />which conflict with the Law of the River; and <br /> <br />WHEREAS, the IID believes that <br />initiatives affecting western water <br />preserve or enhance: <br /> <br />any <br />policy <br /> <br />state <br />should <br /> <br />or federal <br />strive to_ <br /> <br />· The invaluable and fragile resources of the Colorado <br />River; <br /> <br />· The portfolio of laws and agreements which have evolved <br />to protect this resource; and <br /> <br />WHEREAS, the lID believes that any attempts at government <br />over-regulation or administrative reallocations of water will: <br /> <br />· Reduce the certainty of long held western water property <br />rights; <br /> <br />· Hamper, if not preempt, the fragile evolution toward <br />socially responsible, free market mechanisms and thus <br />result in higher water prices to consumers; <br /> <br />· Lead to unnecessary conflict and litigation; and <br /> <br />WHEREAS, lID is continuing to engage In aggresslve water <br />conservation and transfer programs, such as: <br /> <br />2 <br />