85-1-220. State water project hydroelectric power generation special revenue account created -- revenues allocated. (1) There is a state water project hydroelectric power generation special revenue account within the state special revenue fund established in 17-2-102.
     (2) Except as provided in the applicable bond resolution, all revenues derived from hydroelectric power generation at state water conservation projects under Title 85, chapter 1, must be paid into this account as received.
     (3) The revenues received under this section must be used to repair and rehabilitate state-owned water projects and works and to pay the cost of financing those activities.
     (4) The funds deposited in the state water project hydroelectric power generation special revenue account under this section but not appropriated during the biennium and money appropriated from the account but not expended during the biennium for which it is appropriated must remain in the account for future appropriation under this section and may not be appropriated from the account except as authorized under this section.
     (5) There is a statutory appropriation pursuant to 17-7-502 to allow the department to transfer available funds from the state water project hydroelectric power generation special revenue account when needed to pay debt service on state water project bonds, including but not limited to broadwater power project bonds.
     (6) There is a statutory appropriation pursuant to 17-7-502 for the department to transfer available funds from the broadwater replacement and renewal account when needed to pay debt service on the broadwater power project bonds.

     History: En. Sec. 1, Ch. 370, L. 1991.