Water districts-funds for maintenance projects.

This act authorizes irrigation districts, watershed improvement districts and water conservancy districts to allocate a portion of annual district funding for major maintenance projects. The act also allows water conservancy districts to assess one (1) additional mill for major maintenance projects. The act permits the investment of funds in major maintenance accounts with the state treasurer in local government investment equity pools. The act establishes that funds for major maintenance projects will be pooled until sufficient for project funding.