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14 <br /> 1 within whose boundaries the waters are proposed for <br /> 2 diversion or, in the absence thereof, a water conser- <br /> 3 vancy district, as defined under Colorado law, that <br /> 4 is a project contractor and from within whose <br /> 5 boundaries the waters are proposed for diversion, or <br /> 6 "(3) the diversion is the subject of an intergov- <br /> 7 ernmental agreement or other contractual arrange - <br /> 8 ment executed after the date of the enactment of <br /> 9 this section, between the beneficiary of such <br /> 10 transbasin diversion and either the water conserva- <br /> 11 tion district, as defined under Colorado law, from <br /> • 12 within whose boundaries the waters are proposed for <br /> 13 diversion or, in the absence thereof, a water conser- <br /> 14 vancy district, as defined under Colorado law, that <br /> 15 is a project contractor and from within whose <br /> 16 boundaries the waters are proposed for diversion, or <br /> 17 "(4) the beneficiary of such transbasin diver - <br /> 18 lion provides compensatory storage or alternate <br /> 19. water supply in an amount equal to the quantity di- <br /> 20 verted out of the basin for the benefit of either the <br /> 21 water conservation district, as defined under Colo - <br /> 22 rado law, from within whose boundaries the waters <br /> 23 are proposed for diversion or, in the absence thereof, <br /> 24 a water conservancy district, as defined under Colo - <br /> 25 rado law, that is a project contractor and from with- <br /> 4 3881 IH <br />