The Allocation of Conserved Water Program allows a water user who conserves water to use a portion of the conserved water on additional lands, lease or sell the water, or dedicate the water to instream use. Use of this program is voluntary and provides benefits to both water right holders and instream values. Instream water rights
provide flows for fish and wildlife, scenic values, and improved water quality. The statute defines conservation as "the reduction of the amount of water diverted to satisfy an existing beneficial use achieved either by improving the technology or method for diverting, transporting, applying or recovering the water or by implementing other approved conservation measures."