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prov~s~on, CBT units can be utilized only to make a first use; return flow from first use of the imported CBT water is dedicated to the stream for use by downstream users under their native water rights priorities, Town of Estes Park v. Northern Colorado Water Conservancy District, 677 P.2d 320, 326 (Colo. 1984). A huge amount of return flow becomes available thereby to the lower river water users, to whom direct delivery of CBT units is not made because of distance, and this was the rationale for including the Fort Morgan to Julesburg reach of the South Platte River into the Northern Colorado Water Conservancy District for mill levy purposes. But the downstream users, because they do not have an appropriative right to a certain pattern or amount of return flow from the CBT imported waters, cannot object to a transfer or change in the place of use or type of use of CBT units upstream. The first use of the CBT imported water moves freely between persons and uses within the District's boundaries. Direct use of CBT units, or indirect use to enable outside deliveries, is prohibited outside of the boundaries of the District or subdistrict by rules and regulations of the Northern Board under the Water Conservancy Act. CBT allotment contract rights are much sought after in Northern Colorado because of the relative ease in transferring the CBT first use rights to other uses. SALES OF CBT UNITS ARE PRIVATE TRANSACTIONS, SUBJECT TO MINIMAL TRANSFER RULES When the Colorado Big Thompson Project was nearing completion in the mid-1950's, the Board of Directors of the Northern District realized that some water users had oversubscribed or undersubscribed for CBT allotments and that other water users who had not subscribed, particularly municipalities, were interested in augmenting their base water supplies. The Directors also recognized that use patterns and -17-