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<br />0025S~ <br /> <br />. <br /> <br />. <br /> <br />authorized and directed him to determine to what extent public <br />funds have been economically and efficiently administered and <br />expended. Also,with a bilious ey~ he reviews public laws pro- <br />viding for expenditure of federal revenue to see that all provi- <br />sions are within the law. He reports directly to the Executive <br />Departments and to Congress. <br />The Bureau of the Budget is the right arm of the President <br />and the Director of the Budget is his spokesman on all fiscal <br />matters. When a new Congress convenes, the President transmits <br />to each House the report of the current budget. It is a volumni- <br />nous document that delves into and outlines in minute detail all <br />likely expenditures and makes recommendations with respect to <br />each of them. The House restricts its money spending committees <br />to the recommendations of the Bureau of the Budget. The Senate <br />respects the Director of the Budget and usually cooperates with <br />him but does not subordinate its position to him. <br />I think I should make reference to one other basic legal <br />step that has been taken with respect to the division of waters <br />among the states. It involves joint agreement and action by the <br />states and the Federal Government. It is the treaty approach to <br />water division and is better known as the "State Compact" method <br />of dividing interstate waters. <br />Prior to 1922, the State of Colorado believed and maintained <br />that all water produced in this state from rain and snowfall was <br />our water to use as we saw fit. The Supreme Court of the United <br />States in the v!yoming-Colorado case set aside that provincial <br /> <br />6 <br />