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juniors. The theory is that the perfection of a conditional <br />water right for instream use is no different than perfecting a <br />conditional water right for any other beneficial use and that as <br />a matter of water law, the perfection of a conditional water <br />right could introduce a new call on upstream juniors. 16 The <br />agreement recognizes, however, that introducing a more senior <br />call for instream use on a river system where there was not such <br />call before is an important policy question for the Conservation <br />Board. If the call would be disruptive, the Conservation Board <br />could simply decline to accept ownership of the conditional water <br />right and to change it to instream use. The operation of the <br />Aspinall Unit is likely to buffer any call from a 1965 priority <br />300 cfs instream water right in the Black Canyon and we do not <br />expect the calls to be disruptive. The 1965 priority is also <br />junior to the larger absolute water rights upstream and would not <br />step in ahead of them. <br />6. If the Conservation Board determines that a 300 cfs <br />instream water right with a 1965 priority for the Black Canyon is <br />16 This legal theory is more fully discussed by David L. <br />Harrison and Robert Wigington in "Converting Conditional Water <br />Rights to Instream Use: A Property Transfer Strategy", Water as <br />a Public Resource: Emerging Rights and Obligations, Natural <br />Resources Law Center, University of Colorado School of Law, June <br />1-3, 1987. See especially C.R.S. 37-92-103(5) and 305(3); Twin <br />Lakes Reservoir and Canal Company v. Aspen, 568 P2d 45 (Colo. <br />1977); and Judgement and Decree in Case No. 2686, Water Division <br />No. 5, December 5, 1979. Two recent developments that reinforce <br />this theory are S.B. 13, 57th General Assembly, 2nd Session, and <br />Talco, Ltd. v. Danielson, 769 P2d 468 (Colo. 1989). <br />15