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use of ground and surface water, and in iunplementing a statewide <br />program of water rights for preservation of the environment to a <br />reasonable degree. See, in addition to the cases cited above, <br />Shawcroft v. Terrace Irrigation Co., 138 Colo. 343, 348-349, <br />333 P.2d 1043, 1046 (1958); Colorado Sgrings v. Bender, 366 P.2d <br />552, 555 (Colo. 1961); and Fellhauer v. People, 167 Colo. 320, <br />336-339, 447 P.2d 986, 994-995 (1968). Colorado water law <br />forwards the public interest by (1) vesting a constitutionally <br />protected private property right in those citizens who invest <br />capital to harness the water resource for use and (2) by vesting <br />water rights in the CWCB to ensure an enduring allocation of <br />water in priority for preservation of the environment to a <br />reasonable degree. <br />2. <br />Possessed, and Controlled. <br />The importance of recreation to the Colorado economy <br />and its publicly held values is evident. The cases and statutes <br />cited above hold and provide that impoundment of water for <br />recreation, fish and wildlife, and the environment is a <br />beneficial use for which water can be appropriated. Whether or <br />not a decree has been obtained specifically identifying <br />recreation as a water use, Colorado's recreational industry and <br />environment have been greatly enhanced through water storage and <br />diversion. A large number of recreational user days occur in <br />Colorado on publicly-owned and privately-owned reservoirs. Two <br />very important National Recreation Areas in this state were <br />created as the result of water projects, the Arapahoe National <br />-16- <br />