US Laws, Codes, Statutes & Cases

                                  TITLE  42
                       IRRIGATION AND DRAINAGE -- WATER
                            RIGHTS AND RECLAMATION
                                  CHAPTER 17
                       DEPARTMENT OF WATER RESOURCES --
                             WATER RESOURCE BOARD
    42-1776.  WATER RESOURCES CONSERVATION AND DEVELOPMENT TRUST ACCOUNT.
There is hereby created and established in the agency asset fund the water
resources conservation and development trust account. All moneys in the
account are to be utilized by the Idaho water resources board, upon
appropriation by the legislature, to conduct water project feasibility and
engineering studies authorized in conjunction with the powers and duties of
the board as provided in section 42-1734, Idaho Code, and to secure revenue
bonds authorized by section 42-1739, Idaho Code.
    The state treasurer is directed to invest all moneys in the account. All
interest or other income occurring from such investment shall accrue to the
account.
    In the event that a project is approved subsequent to a feasibility study
funded from the account, the funds expended from the account shall be included
as a cost of the project to be repaid to the fund through repayments
contracted by the board. It shall be the duty of the board to specify such
repayment provisions without regard to the source of funding of the project.