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<br />O(l03~9 <br /> <br />that this would occur. Some suggested the concept of use it, trade it or lose it exists under <br /> <br /> <br />current Colorado water law and has not seemed to affect market prices. Maybe the situation <br /> <br /> <br />with llD in California was unique. Some organizations, likc the Northern Colorado Water <br /> <br /> <br />Conservancy District, have an internal water trading policy, There are many other <br /> <br /> <br />organizations, however, that have no policy and thllS may in the future be vulnerable to <br /> <br /> <br />external pressures, <br /> <br />The idea of trade it or lose it as affecting the market can be turned around, That is, if <br /> <br /> <br />voluntary trades were to occur more easily, there may be less likelihood that there will be a <br /> <br /> <br />trade it or lose it prohlem because districts will not be holding OD to water they are not using, <br /> <br /> <br />Eventually, we must deal with the technical issues such as consumptive use, waste, etc, For <br /> <br /> <br />example, there are transactions in which pressures from the state have forced trading activity <br /> <br /> <br />becaLise the irrigation districts weien't actively uSing their water. There may be disputes over <br /> <br /> <br />the meaning of the phrase "actively USiDg their water." States may Deed to better define <br /> <br /> <br />concepts such as waste, reasonable use and efficiency. <br /> <br />It seems pressuring districts to trade through:a policy of trade it or lose it will work in a <br /> <br /> <br />Darrow class of cases, but may Dot be the broad solution Deeded to get irrigation districts into <br /> <br /> <br />the marketplace on the same basis as private businesses. Currently these organizations are Dot <br /> <br /> <br />driven to do so and it is prudent 'to ask "what can be done to provide incentives to transfer <br /> <br /> <br />water?" OD tbe local level, the best incentive may be financial. That is, encourage users to <br /> <br />through either lower taxes. or lower' costs. However, at this titDe tlie message is not getting to <br /> <br /> <br />the constituency. <br /> <br />11 <br />