49-193.01. Drought mitigation revolving fund; exemption; legislative intent
A. The drought mitigation revolving fund is established to be maintained in perpetuity consisting of:
1. Monies appropriated by the legislature to the fund.
2. Monies received for drought mitigation purposes from the United States government.
3. Monies received as loan repayments, interest and penalties.
4. Interest and other income received from investing monies in the fund.
5. Gifts, grants and donations received for drought mitigation purposes from any public or private source.
B. Monies in the fund are continuously appropriated and are exempt from the provisions of section 35-190 relating to lapsing of appropriations.
C. The legislature finds that many regions in this state lack access to sustainable water supplies to meet their long-term water demands and need financial assistance to develop water supply and conservation projects. The legislature intends that the fund established by this section be used to provide financial assistance for these projects under the terms set forth in this article.