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<br />RIO GRANDE COMPACT
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<br />Rio Grande above Lobatos. Within the physical limitations
<br />of storage capacity in such reservoirs, Colorado shall
<br />retain water in storage at all times to the extent of its
<br />accrued debit.
<br />
<br />In the case of New Mexico, the accrued debit shall not
<br />exceed 200,000 acre feet at any time, except as such debit
<br />may be caused by holdover storage of water in reservoirs
<br />constructed after 1929 in the drainage basin of the Rio
<br />Grande between Lobatos and San Marcial. Within the physical
<br />limitations of storage capacity in such reservoirs, New
<br />Mexico shall retain water in storage at all times to the
<br />extent of its accrued debit. In computing the magnitude of
<br />accrued credits or debits, New Mexico shall not be charged
<br />with any greater debit in anyone year than the sum of
<br />150,000 acre-feet and all gains in the quantity of water in
<br />storage in such year.
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<br />The Commission by unanimous action may authorize the
<br />release from storage of any amount of water which is then
<br />being held in storage by reason of accrued debits of
<br />Colorado or New Mexico; provided, that such water shall be
<br />replaced at the first Opportunity thereafter.
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<br />In computing the amount of accrued credits and accrued
<br />debits of Colorado or New Mexico, any annual credits in
<br />excess of 150,000 acre feet shall be taken as equal to that
<br />amount.
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<br />In any year in which actual spill Occurs, the accrued
<br />credits of Colorado, or New Mexico, or both, at the begin-
<br />ning of the year shall be reduced in proportion to their
<br />respective credits by the amount of such actual spill;
<br />provided, that the amount of actual spill shall be deemed
<br />to be increased by the aggregate gain in the amount of water
<br />in storage, prior to the time of spill, in reservoirs above
<br />San Marcial constructed after 1929; provided, further, that
<br />if the Commissioners for the States having accrued credits
<br />authorize the release of part, or all, of such credits in
<br />advance of spill, the amount so released shall be deemed to
<br />constitute actual spill.
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<br />In any year in which there is actual spill of usable
<br />water, or at the time of hypothetical spill thereof, all
<br />accrued debits of Colorado, or New Mexico, or both, at the
<br />beginning of the year shall be cancelled.
<br />
<br />In any year in which the aggregate of accrued debits
<br />of Colorado and New Mexico exceeds the minimum unfilled
<br />capacity of project storage, such debits shall be reduced
<br />proportionally to an aggregate amount equal to such minimum
<br />unfilled capacity.
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