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Committee clarifies law so water districts can set aside and invest maintenance funds; removes 10% cap
Summary
Lawmakers approved statutory language clarifying that irrigation, water conservancy and watershed districts may set aside funds for major maintenance and invest them using State Treasurer investment pools.
A drafting change intended to clarify local districts’ authority to save for major maintenance passed the committee after several technical and policy amendments.
The bill draft would add parallel language for water conservancy districts, irrigation districts and watershed improvement districts to permit the districts to include an amount in their annual assessments for major maintenance projects and to hold these funds in a separate major‑maintenance account. Early drafting included a 10% limit on the annual…
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