action postponed indefinitely
Summary
The bill establishes a non‑reverting trust fund and two separate project funds—one for land grant‑merced entities and one for acequias—to finance infrastructure projects such as water, wastewater, power, roads, and flood protection. A land grant council and an interstate stream commission will set rules, evaluate applications, and award grants or loans, while the Department of Finance and Administration administers the funds. Money comes from appropriations, gifts, and investment earnings, with specific distribution formulas and a requirement that unused balances revert to the trust fund.
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