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SF0069 • 2005

Water development account III.

AN ACT relating to water development; creating water development account III to be used for water storage facilities as specified; specifying uses of the account; transferring certain funds to the account; amending related provisions and repealing conflicting provisions; and providing for an effective date.

Taxes
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Water
Last action
2005-03-02
Official status
enrolled
Effective date
7/1/2005

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

SF0069H2001

2nd reading • LANDON

Adopted

Plain English: Adopted 2nd reading by LANDON

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
SF0069S2001

2nd reading • SCHIFFER

Adopted

Plain English: Adopted 2nd reading by SCHIFFER

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
SF0069SS001

Standing Committee • HINES

Adopted

Plain English: Adopted Standing Committee by HINES

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

Bill History

  1. 2005-03-02 LSO

    Assigned Chapter Number - 163

  2. 2005-03-02 Governor

    Governor Signed SEA0069

  3. 2005-02-28 House

    H Speaker Signed SEA No. 0069

  4. 2005-02-25 Senate

    S President Signed SEA No. 0069

  5. 2005-02-24 LSO

    Assigned Number SEA0069

  6. 2005-02-24 Senate

    S Did Concur

  7. 2005-02-23 House

    H Passed 3rd Reading

  8. 2005-02-22 House

    H Passed 2nd Reading

  9. 2005-02-22 House

    Amendment Adopted

  10. 2005-02-22 House

    H Amendments Adopted

  11. 2005-02-18 House

    H Passed CoW

  12. 2005-02-15 House

    H Placed on General File

  13. 2005-02-15 House

    H05 Recommended Do Pass

  14. 2005-02-07 House

    H Introduced and Referred to H05

  15. 2005-02-04 House

    H Received for Introduction

  16. 2005-02-03 Senate

    S Passed 3rd Reading

  17. 2005-02-02 Senate

    S Passed 2nd Reading

  18. 2005-02-02 Senate

    Amendment Adopted

  19. 2005-02-01 Senate

    S Passed CoW

  20. 2005-02-01 Senate

    Amendment Adopted

  21. 2005-02-01 Senate

    S Amendments Adopted

  22. 2005-01-31 Senate

    S Placed on General File

  23. 2005-01-31 Senate

    S02 Recommended Amend and Do Pass

  24. 2005-01-14 Senate

    S Rereferred to S02

  25. 2005-01-14 Senate

    S05 Recommended Do Pass

  26. 2005-01-11 Senate

    S Introduced and Referred to S05

  27. 2005-01-10 Senate

    S Received for Introduction

  28. 2005-01-06 LSO

    Bill Number Assigned

Official Summary Text

2005 General Session Summary for SF0069

Bill
No.:
SF0069
Drafter:

MQ

LSO
No.:
05LSO-0412
Effective Date:

7/1/2005

Enrolled
Act No.:
SEA0069

Chapter
No.:
163

Prime
Sponsor:
Select Water Committee

Catch
Title:
Water development account III.

Subject:
Creates
Wyoming water development account III for financing water storage projects.

Summary/Major
Elements:

Creates Wyoming water development account III for financing water storage
projects.

Distributes certain severance taxes into the account (five-tenths of one
percent (.5%) from the severance tax distribution account in W.S. 39-14-801).

The account is to be used for construction of dams with storage capacity
of greater than 2,000 acre-feet or the expansion of existing dams of more than
1,000 acre-feet.

Transfers $54 million into the account from the Green River/Wind River
construction project development fund (the balance of that fund); and $10
million from the budget reserve account (BRA).

Current Bill Text

Read the full stored bill text 
WORKING DRAFT

ORIGINAL SENATE

FILE

NO.
0069

ENROLLED ACT NO. 69, SENATE

FIFTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
2005 GENERAL SESSION

AN ACT relating to water development; creating water development account III to be used for water storage facilities as specified; specifying uses of the account; transferring certain funds to the account; amending related provisions and repealing conflicting provisions; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1.
W.S. 39
‑
14
‑
801(d)(ix) and by creating a new paragraph (x) and 41
‑
2
‑
124(a) by creating a new paragraph (iii), (b) and by creating new subsections (d) and (e) are amended to read:

39
‑
14
‑
801.

Severance tax distributions; distribution account created; formula.

(d)

Deposits into the account created by subsection (a) of this section shall be distributed as follows, subject to subsections (b) and (c) of this section:

(ix)

To the capital construction account,
two and eighty-three hundredths percent (2.83%)
two and thirty-three hundredths percent (2.33%)
, to be expended for the purposes specified in W.S. 9
‑
4
‑
604(k)(ii)
;
.

(x)

To the water development account III, five-tenths of one percent (.5%), to be expended for the purposes specified in W.S. 41
‑
2
‑
124(d).

41
‑
2
‑
124.

Accounts created within earmarked revenue fund; unexpended balance.

(a)

The following accounts are created within the earmarked revenue fund:

(iii)

Water development account III into which shall be deposited revenues pursuant to law.

(b)

After July 1, 1992,
A
ny unexpended balance in water development accounts I
,

and
II
and III
as defined by subsection (a) of this section shall be invested by the state treasurer and the interest earned shall be credited to the account.

(d)

No new dam with storage capacity of less than two thousand (2,000) acre-feet of water or expansion of a dam with a storage capacity of less than one thousand (1,000) acre-feet of water shall be funded with funds from water development account III. Without the approval of the legislature, funds deposited into water development account III shall not be diverted from that account, other than for the purpose of financing projects related to dam construction or expansion.

(e)

There is transferred to the water development account III created by paragraph (a)(iii) of this section effective July 1, 2005:

(i)

Fifty-four million seventy thousand dollars ($54,070,000.00) from the Level III Green River/Wind River construction project development fund established in W.S. 99
‑
3
‑
604. The transfer of money into water development account III shall not eliminate recognition of the water storage potential in the Green River/Wind River basins;

(ii)

Ten million dollars ($10,000,000.00) from the budget reserve account.

Section 2.
W.S. 99
‑
3
‑
604 is repealed.

Section 3.
This act is effective July 1, 2005.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the Senate.

Chief Clerk

1