A. As between two or more pending conflicting applications for the use of water from a given water supply, when the capacity of the supply is not sufficient for all applications, preference shall be given by the director according to the relative values to the public of the proposed use.

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B. The relative values to the public for the purposes of this section shall be:

1. Domestic and municipal uses. Domestic uses shall include gardens not exceeding one-half acre to each family.

2. Irrigation and stock watering.

3. Power and mining uses.

4. Recreation and wildlife, including fish.

5. Nonrecoverable water storage pursuant to Section 45-833.01.