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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />D. <br /> <br />B. <br /> <br />Direct Flow vs. Storage Rights: <br /> <br />I. Direct flow water rights are those in which available water is applied <br />immediately to beneficial use. <br /> <br />2. Storage rights allow the retention of water for beneficial use later in time. <br /> <br />c. <br /> <br />In-Stream Flow and Minimum Lake Level Rights: <br /> <br />1. The Colorado Water Conservation Board ("CWCB"), a state agency, has <br />exclusive authority to appropriate water of natural streams and lakes for <br />minimum stream flows or for natural surface water levels to preserve the <br />natural envirorunent to a reasonable degree. C.R.S. ~ 37-92-102(3). <br /> <br />2. Minimum flows and levels constitute a "beneficial use" only for the CWCB. <br />C.R.S. ~ 37-92-103(4). <br /> <br />3. The CWCB's water rights are administered according to priority and may be <br />curtailed in order to satisfy senior rights, just like any other water right. <br /> <br />Transbasin Water Rights: <br /> <br />I. Transbasin water rights involve the diversion of water from one river system <br />for use in another. <br /> <br />2. Transbasin diversions are 100 percent consumptive with respect to the "basin <br />of origin." For the receiving basin, the water represents an entirely new <br />supply in addition to the native flow. <br /> <br />3. Transbasin water may be used, recaptured, reused, and successively used to <br />extinction. C.R.S. ~ 37-82-106; City of Thornton v. Biiou Irrigation Co., <br />926 P.2d I (Colo. 1996). <br /> <br />E. <br /> <br />Reserved Water Rights: <br /> <br />I. The United States possesses "reserved water rights" to the extent necessary <br />to accomplish the primary purposes of a federal land reservation (e.g., <br />national parks, forests, and monuments). See U.S. v. Jesse, 744 P.2d 491 <br />(Colo. 1987); U.S. v. City and Countv of Denver. By and Throu~h Bd. of <br />Water Comr's, 656 P.2d 1 (Colo. 1982). <br /> <br />2. The priority date of the implied federal water right is the date of the land <br />reservation. <br /> <br />5 <br />