Supreme Court of Colorado September 8, 1986, 84SA442 (Municipal Subdistrict, Northern Colorado Water Conservancy District v. Rifle Ski Corp.)

ERICKSON, Justice.

This appeal centers upon the interpretation of the Water Right Determination and Administration Act of 1969 (1969 Act). Section 37-92-301(4), 15 C.R.S. (1973), of the 1969 Act requires the holder of a conditional water right to obtain quadrennial findings in the water court that the conditional right is being developed with reasonable diligence.