1.  It is declared that to provide for the conservation and development of the water and land resources of the State of Nevada and for the greatest beneficial use of water within this state, the organization of water conservancy districts and the construction of works as herein defined by such districts are a public use and will:

(a) Be essentially for the public benefit and advantage of the people of the State of Nevada;

(b) Indirectly benefit all industries of the state;

(c) Indirectly benefit the State of Nevada in the increase of its taxable property valuation;

(d) Directly benefit residents of the State of Nevada by providing adequate supplies of water for domestic, municipal and industrial use;

(e) Directly benefit lands to be irrigated or drained from works to be constructed;

(f) Directly benefit lands now under irrigation by stabilizing the flow of water in streams and by increasing flow and return flow of water to such streams;

(g) Directly benefit urban use of water or development of water resources by flood control; and

(h) Promote the comfort, safety and welfare of the people of the State of Nevada.

2.  It is therefore declared to be the policy of the State of Nevada:

(a) To control, make use of and apply to beneficial use unappropriated waters in this state to a direct and supplemental use of such waters for domestic, manufacturing, irrigation, power and other beneficial uses.

(b) To cooperate with the United States and agencies thereof under the federal reclamation laws or other federal laws now or hereafter enacted and to construct and finance works within or without the State of Nevada as herein defined and to operate and maintain the same.