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Share Ownership <br />There are approximately 285 share owners in the Association. This number may vary from year <br />to year as shares are sold or otherwise exchanged. <br />Limitations on Share Use <br />Shares in the Association are "tied" to specific parcels of land lying within the Association <br />service area. This means that canal water is attached to specific parcels of land. This <br />requirement helps to keep water from being moved outside of the ditch service area and reduces <br />the potential for expansion of irrigated acreage. The Association provides some flexibility on a <br />year-to year basis such that shares can be used on adjacent lands provided there is prior approval <br />of the Board of Directors. <br />Water Rights of the Company <br />The Association owns 30 different water appropriations on the Rio Grande River. Appropriations <br />owned by the Association total 1,699.40 cfs. Many of these rights, however, are relatively junior <br />in priority to other water rights on the Rio Grande and they are frequently called out. <br />Priority Number Amount Cumulative <br /> (cfs) Amount <br />28 2.00 2.00 <br />176 2.80 4.80 <br />178 11.20 16.00 <br />188 1.00 17.00 <br />197 20.00 37.00 <br />198 19.60 56.60 <br />202 2.00 58.60 <br />203 2.90 61.50 <br />216-A 318.40 379.90 <br />235 0.60 380.50 <br />276-A 22.80 403.30 <br />288-A 22.70 426.00 <br />312-A 26.00 452.00 <br />338.5-A 33.60 485.60 <br />344 24.40 510.00 <br />358-A 16.60 526.60 <br />363-A 43.40 570.00 <br />363-B 52.00 622.00 <br />365 293.70 915.70 <br />1903-24C 45.00 960.70 <br />1903-30C 84.96 1045.66 <br />1903-34C 48.99 1093.65 <br />1903-37B 38.74 1133.39 <br />1903-41 B 41.34 1174.73 <br />1903-45C 88.14 1262.87 <br />1903-46C 81.71 1344.58 <br />1903-49D 183.60 1528.18 <br />1903-52C 82.68 1610.86 <br />1903-57A 44.92 1655.78 <br />1903-61 A 43.62 1699.40 <br />C:Acdss\RGCanal.doc Rio Grande Canal Water Users Association Interview June 13, 1999 -Page 2 of 7 <br />