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- - 002713 J. Until such time as the pol icy to be embod led In such amend- ment Is developed to the satisfaction of all concerned there shall be no change In the exilting so-called "counties or watersheds of orlglnft laws. 4. That any changes In the existing waler law fully recognl~e U as paramount all existing water rights 8S established under state 1.... 5. In the allocation of water from the "areas of orlg1n" .to "area. of deficiency" only those waters surplus to the ultimate needs of the areas of origin, without regard to the use it Is put. should be made avai lable for permanent bene- ficial use In other areas of the State In need of Import wa te r. 6. That In the co~mlltment of any water to be exported from the Sacramento-San Joaquin Delta as a pool must not in any way impair economically, or oth,rwise, future development of upstre.. projects and that If by development of such upstream projects there Is created ~ deficiency in said Delta for export, the responsibility for replenishment of this deflc{ency through construction of additional projects, either In the Central Valley Ba.ln or the North Coastal Basin, is automat- ically placed upon the State of California. 7. To assure adequate financing for construction and operation 'Of features of the California Water Plan as they are needed throu~out the state, there ,hall be established In the State Treasury a revolving fund; such fund to utilize revenues from exploitation of oil resource" revenues from the sale of proJ- ect water and power, together with any other monies made avail- "-able by the legislature and 25 per cent of this fund shall be utilized for 5mall projects of primarily local iled benefit. 8. That wherever substantial power revenues are prod~ced by a major export project, revenue derived from that feature of the project shall revert to the revolving fund and shall be available to assist projects upstream to the same degree as major export trBnsmlsslon facilities. 9. W'hm a major export project is to be constructed wi thin a watershed, state water development funds must be made available for concurrent construction of upstream projects d~termlned by the Director of Water Resources to be needed and feasible and priority for use of state funds shall be given to such projects within those watersheds of origin at whIch any export project has been buIlt or authorized by any federal, State, local, or other agencles 85 such local projects are determlnpd by the Dlrector of Water Re- sources to be needed and feasible. , {..,- . .....