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b. Lower Basin <br />i. Quantification Settlement Agreement <br />Eighteen months ago, in October 2003, we worked together to resolve a 75 -year conflict <br />through the Colorado Water Delivery Agreement. Reaching the agreement required years of <br />difficult negotiations - both among California's Colorado River contractors and among the seven <br />Basin States. Success crowned those efforts. Negotiators produced the long- sought <br />quantification that enables California to meet the needs of its citizens in a manner that respects <br />the rights of the other Colorado River Basin States. <br />Our common success serves to implement the limitation imposed by Congress in the <br />Boulder Canyon Project Act of 1928 and agreed to by California in the Limitation Act of 1929 - <br />that is, the promise to live within 4.4 million acre -feet from the Colorado River. <br />This Agreement also served to strengthen the Colorado River Compact by reinforcing the <br />limits imposed by the Law of the River and reducing the risks to the other six Colorado River <br />Basin states. <br />ii. Arizona Water Settlements Act of 2004 <br />In December 2004, President Bush signed the Arizona Water Settlements Act into law. <br />This historic legislation facilitates a number of inter - locking settlements: <br />• it settles the claims of the Gila River Indian Community to the Gila River; <br />• it protects existing uses of water within the State of Arizona; <br />• it amends the Southern Arizona Water Settlements Act of 1982 with the Tohono <br />O'odham Nation so that the settlement can be fully and finally implemented; <br />• it provides funding to allow New Mexico to design and develop projects that <br />fulfill the longstanding obligation for the Upper Gila in New Mexico that date <br />back to 1968; <br />• it provides a funding mechanism to allow future Indian water rights settlements <br />and the additional development of Tribal infrastructure in Arizona. This funding <br />mechanism will also increase the affordability of Colorado River water for Tribes <br />in Arizona, and, <br />• it provides a settlement of long - standing operational and financial issues on the <br />Central Arizona project. <br />As a result of this settlement, all users on the Central Arizona Project will be able to <br />Prepared Remarks - Keynote Address <br />Law of the Colorado River <br />