The legislature finds that:

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A. conjunctive use and administration of both surface and ground waters are essential to the effective and efficient use of the state’s limited water supplies; and

B. ground water recharge, storage and recovery have the potential to: (1)     offer savings in the costs of capital investment, operation and maintenance and flood control and may improve water and environmental quality;

(2)     reduce the rate at which ground water levels will decline and may prevent overstressing or dewatering aquifer systems;

(3)     promote conservation of water within the state; (4)     serve the public welfare of the state; and

(5)     may lead to more effective use of the state’s water resources.