AN ACT relating to irrigation projects; authorizing irrigation districts, watershed improvement districts and water conservancy districts to direct a portion of annual district funding for major maintenance projects; authorizing investments of major maintenance accounts; authorizing water conservancy districts to assess mills for major maintenance projects as specified; and providing for an effective date.
This act authorizes irrigation districts, watershed improvement districts and water conservancy districts to allocate a portion of annual district funding for major maintenance projects. The act also allows water conservancy districts to assess one (1) additional mill for major maintenance projects. The act permits the investment of funds in major maintenance accounts with the state treasurer in local government investment equity pools. The act establishes that funds for major maintenance projects will be pooled until sufficient for project funding.