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48. agricultural development. It was assumed, in the Interests of conservatism, that the bulk of the agricultural development forecast would occur between the years 1970 and 2000. This assumption is reasonable, because if agricultural developments are stimulated by the avallabllty of water, the effect of these developments should be apparent by 1970 and necessary adjustments can be made at that date. Capital expenditures for, and anticipated revenues from agricultural developments are thus not out of proportion with the present development. 8. Water Resources of Las Vegas Valley Only two sources of water are available to las Vegas Valley - ground water and Lake Mead water. Surveys of the underground water in Las Vegas Valfey made Jointly by the U.S. Department of the Interior and the State Engineer of Nevada Indicate the total underground supply at 30,000 to 35.000 acre-feet per year. Under the present allocationof Colorado River water, the State of Nevada is entitled to 300.000 acre-feet per year from this source. Since Las Vegas Valley is about the only area in Nevada available to theColorado River, the allocation of 300,000 acre-feet to the State of Nevada may be construed as meaning, available to Las Vegas Valley.