Relating to water supply management; appropriating money; and declaring an emergency.
Catchline/Summary:
Creates process by which Water Resources Department may loan or grant moneys to enable construction of water development projects located in Columbia River Basin. Creates process by which Water Resources Department may loan or grant moneys to enable construction of water development projects located in Columbia River Basin. Specifies applicants that qualify to receive certain loans or grants] must apply for loan under new process. Specifies procedures for applying for loan or grant. Specifies guidelines for evaluating applications.
Authorizes department to issue grant for critical ground water storage project located in Umatilla Basin that meets specified conditions.
Modifies provisions related to financing water development projects.Authorizes State Treasurer, for specified biennia, to issue Article XI-I(1) bonds. Directs State Treasurer to credit net proceeds of bonds to Water Development Fund. Authorizes department to use moneys in fund to make loans to water developers that propose projects that qualify to receive Article XI-I(1) funds.]
Establishes Water Resources Investment Fund and Water Resources Grant Fund. Authorizes State Treasurer, for biennium beginning July 1, 2009, to issue lottery bonds. Directs State Treasurer to deposit specified amount of bond proceeds in each fund. Continuously appropriates moneys in Water Resources Investment Fund to department for purpose of making loans to persons other than water developers or to water developers that propose projects that do not qualify to receive Article XI-I(1) funds and for purpose of funding integrated strategy for implementing state water resources policy. Continuously appropriates moneys in Water Resources Grant Fund to department for purpose of making grants.]
Requires certain moneys to be deposited in Water Conservation, Reuse and Storage Investment Fund.]
Establishes Water Investment Grant Fund. Continuously appropriates moneys in fund to department for purpose of operating Columbia River Basin grant program.
Declares emergency, effective July 1, 2009.
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HB 3369
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