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<br />(6) Construction of flood control measures, primarily <br /> <br />in the form of levies, dikes, and other pro- <br />tective channel measures, as opposed to flood <br /> <br />control reservoirs. <br /> <br />(7) provision of water-based recreational opportunities, <br /> <br />both instream and flat water (i.e., at reservoirs). <br /> <br />Needless to say, the means by which one addresses these <br /> <br />needs are very expensive, the price tag easily running into <br /> <br />the billions of dollars. Furthermore, the state must confront <br /> <br />the fact that projects serving many needs (especially new <br /> <br />storage for irrigation and rehabilitation of irrigation systems) <br /> <br />simply cannot be financed by conventional means -- subsidies <br /> <br />will be required in one form or another (e.g., long term, low <br /> <br />interest loans; outright grants; power revenues; etc.). Finally, <br /> <br />the state must also confront the fact that new irrigation <br /> <br />. <br />projects will, with increasing frequency, be found to be eco- <br /> <br />nomically infeasible, the benefits to be derived from such <br /> <br />projects being exceeded by their costs. <br /> <br />Quite clearly, the state must utilize every available <br /> <br />device and program if these needs are to be met -- the Water <br /> <br />Conservation Board Construction Fund cannot possibly do the <br /> <br />job alone. In turn, the decision about the priorities to which <br /> <br />the construction fund program is to be addressed is necessarily <br /> <br />dependent upon a determination of which needs can or must be <br /> <br />met by other programs. <br />A brief list of the other devices and programs includes <br /> <br />the following: <br /> <br />-4- <br />