SB 1120 - This act modifies provisions relating to multipurpose water resources.
Under this act, the term "water resource project" shall mean a project containing planning, design, construction, or renovation of public water supply, flood control storage, or treatment or transmission facilities for public water supply. This act changes the name of the "Multipurpose Water Resource Program Renewable Water Program Fund" to the "Multipurpose Water Resource Program Fund". Further, this act requires the Department of Natural Resources to establish rules by which water resource project sponsors can remit contributions to the Multipurpose Water Resource Program Fund who are awarded financial assistance from the Fund, and requires that any plan submitted to the Director of the Department of Natural Resources for the construction of a water resource project shall include a schedule, proposed by the sponsor, to remit contributions back to the Fund. Such contributions shall be used to administer the Fund, and to provide financial assistance under the Multipurpose Water Resource Act.
This act is similar to provisions contained in HCS/SS/SCS/SB 704 (2016), HCS/SS/SB 937 (2016), SS#2/HCS/HB 1717 (2016), and SCS/HCS/HB 1713 (2016).