Gillette Madison water project.

WORKING DRAFT
2011
STATE OF
WYOMING
11LSO-0195

SENATE FILE
NO.
SF0127

Gillette Madison water project.

Sponsored by:
Senator(s) Hines

A BILL

for

AN ACT relating to
water development; creating a new water development account IV as specified; specifying purposes of the account and funding therefor;
and providing for an effective date.

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

Section 1.

W.S. 41
‑
2
‑
124(a) by creating a new paragraph (iv), (b) and by creating new subsections (f) and (g) is amended to read:

41
‑
2
‑
124.

Accounts created; unexpended balance.

(a)

The following accounts are created:

(iv)

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

(b)

Any unexpended balance in water development accounts I, II
,

and

III

and IV
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.

(f)

Funds in water development account IV shall be reserved for any water project beyond the financial capabilities of water development account I, II or III as determined by the governor and the legislature.

(g)

There is transferred to the water development account IV created by paragraph (a)(iv) of this
section effective July 1, 2011 fifteen million dollars ($15,000,000.00)
from the budget reserve account to be expended for the Gillette Madison water project created under W.S. 99
‑
3
-
1405. The funds shall not be appropriated for the project without legislative approval pursuant to W.S. 99
‑
3
‑
1405.

Section 2.

This act is effective July 1, 2011.

(END)

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SF0127