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<br />has begun a paper discussing state policies and strategies in <br />water resource development; <br /> <br />The Colorado Water and Power Resources Development Authoeity <br /> <br /> <br />has undertaken basin inventory studies, in an effort to iden- <br /> <br /> <br />tify viable water project opportunities; <br /> <br />The state continues to actively pursue a policy of protecting <br />Colorado's interstate waters; and <br /> <br />The Governor's Metropolitan Water <br />several far-reaching agreements <br />interests. <br /> <br />Roundtable resulted in <br />among formerly oppos ing <br /> <br />Fifth, the Colorado Supreme Court has responded to these <br /> <br />shifts in state water policy, and has initiated some policies of <br /> <br />its own: <br /> <br />The Court has gradually tightened the due diligence test foe <br />conditional water rights; <br /> <br />Purely speculative appropriations have been declared invalid; <br /> <br />The Court has adopted the doctrine of "maximum utilization" <br />of Colorado's water resources; and <br /> <br />The Cour.t has ref.ined the dOGtrines of salvaged and developed <br /> <br /> <br />water in a way that reflects environmental awareness. <br /> <br />Sixth, the administration of water eights has changed, again <br /> <br />in response to the evolution of state water policy: <br /> <br />-8- <br />