Laserfiche WebLink
<br />" <br /> <br />~~1~1~ . <br /> <br />\)01546 <br /> <br /> <br />See Bonnie Colby "Economic Impacts of Water Law -- state Law and <br /> <br /> <br />Water Market Development in the southwest," Natural Resources <br /> <br />t <br /> <br />Journal, Fall of 1988, at p. 729 - 746. <br /> <br />Ms. Colby notes that <br /> <br />t <br /> <br />impacts of water transfers rai$e complicated issues. For example, <br />why should the export of water be treated differently from the <br />export of any other natural resource? If the local area is not <br />compensated by the removal of minerals, for example,why should it <br />be compensated for the transfer of water? Colby, supra at 740. <br /> <br />Aside from providing replacement economic stimulus for the <br />area of origin, other public. intere$ts and public trust <br />considerations are at play in water transfers, both intrastate and <br />interstate. ,The public interest may require preservation of waters <br />as ecological uni ts and as resources to be used for fishing, <br />hunting and swimming. Maintenance of instream flows is a common <br /> <br />public poliCY throughout the West. <br /> <br />Indeed, the consumption of <br /> <br />water in the West not only requires water for lawns, farms and <br />industry, but also for recreational opportunities and preservation <br />of aesthetic instream values. In some cases, instream values may <br />accelerate marketing and in other cases'may complicate marketing. <br />But the increase of both intrastate and interstate water marketing <br />leads to the inevitable conclusion that the Upper Basin states and <br />their Indian and nonIndian residents may well find that the <br />benefits of transfers (to both the place of origin and the place of <br />receipt) require that the scheme for water allocations placed in <br />the 1922 Compact be revisited. <br /> <br />20 <br />