The commission shall consider and make recommendations to the Legislature and governor on the following issues:
- (1) how the water needs of the state's growing municipal and industrial sectors will be met;
- (2) what the impact of federal regulations and legislation will be on the ability of the state to manage and develop its compacted water rights;
- (3) how the state will fund water projects;
- (4) whether the state should become an owner and operator of water projects;
- (5) how the state will encourage the implementation of water conservation programs; and
- (6) other water issues of statewide importance.