The resolution HCR2038 expresses the Arizona State Legislature's support for a seven-state agreement regarding the Colorado River's post-2026 operating guidelines. It emphasizes the importance of the Colorado River as a critical resource for Arizona's agricultural industry, advanced technology sector, and military bases, all of which rely heavily on its water supply. The resolution highlights that approximately 75% of jobs and economic activity in the Colorado River Basin are concentrated in the Lower Basin states, including Arizona, California, and Nevada. It also notes Arizona's ongoing efforts to collaborate with Upper Basin states to reach a consensus on necessary water reductions to comply with the 1922 Colorado River Compact.

Furthermore, the resolution outlines Arizona's commitment to water conservation, stating that the state has reduced its water usage despite significant population growth and has invested in projects that will save millions of acre-feet of water. It underscores the need for a mutual agreement that benefits all basin states while ensuring the protection of Arizona's industries that are vital to national security, the economy, and the food supply. The resolution calls for continued collaboration among the states to address the structural deficit in the Lower Basin and to uphold the principles of the 1922 Compact.