82a-1315c. Water marketing fund created; purposes for which moneys may be expended from fund.

345 words·~2 min read·/ks/82a-1315c

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)There is hereby created in the state treasury the water marketing fund. The director of the Kansas water office may accept or receive moneys from any source, governmental or private, for the purposes for which expenditures may be made from the water marketing fund. The director shall remit all moneys so received to the state treasurer in accordance with the provisions of K.S.A. 75-4215 , and amendments thereto. Upon receipt of each such remittance, the state treasurer shall deposit the entire amount in the state treasury to the credit of the water marketing fund.

(b)Moneys credited to the water marketing fund shall be used for the following purposes:

(1)Payment to the federal government of annual capital costs associated with water supply storage space in reservoirs under the state water plan storage act;

(2)repayment to the state general fund for moneys advanced to make annual capital cost payments for water supply storage space in reservoirs under the state water plan storage act;

(3)payment to the federal government of annual operation, maintenance and repair costs associated with the water supply storage space under the state water plan storage act;

(4)payment of administration and enforcement costs of the state associated with the state water plan storage act;

(5)an annual set-aside to a reserve account which is hereby created as part of this fund of an amount specified by the director of the Kansas water office but not more than 1¢ per 1,000 gallons of water sold, such reserve to be used to meet any shortfall in revenue or unusual expenses relating to operation, maintenance and repair costs; and

(6)deposit of receipts as required under K.S.A. 82a-1315b , and amendments thereto.

(c)All expenditures from the water marketing fund shall be made in accordance with appropriation acts upon warrants of the director of accounts and reports issued pursuant to vouchers approved by the director of the Kansas water office or by a person designated by the director.