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<br />. <br /> <br />. <br /> <br />the 1940's. That policy, which has been premised upon the <br />objective of putting all of Colorado's compact entitlements to <br />beneficial consumptive use, has had three major elements: <br />(1) Reliance on the federal government to finance, <br />construct, and largely pay for major irrigation and flood <br />control projects, <br />(2) Reliance on industrial users to finance, construct, <br />and pay for their own water development projects, and <br />(3) Reliance on municipalities to finance, construct, and <br />pay for their own water development projects, with federal <br />loan and grant assistance being available in the case of <br />smaller rural communities. <br />State government, of course, has actively participated in <br />only the first of these three areas, except for construction <br />fund projects under item three. <br />To some extend, the historical pOlicy has led to Colorado <br />aChieving the intended objective, But it is also clear that <br />this historical pOlicy will fall short of the goal. There are <br />two primary reasons for this: <br />(1) Federal funding for Colorado's six remaining <br />authorized but unconstructed reclamation projects, three of <br /> <br /> <br />which were to have been built concurrently with the first <br /> <br /> <br />delivery of water to the Central Arizona project (which has <br /> <br /> <br />already occurred), has not been forthcoming, and will not <br /> <br /> <br />be, with but one or two exceptions at best. Nor can we <br /> <br /> <br />expect new project authorizations, and <br /> <br />-4- <br />