Senate Joint Memorial No. 101 expresses the support of the Idaho Legislature for the reconstruction of the Teton Dam and the exploration of additional water storage solutions in the state. The memorial highlights the historical context of the Teton Dam, which was completed in 1976 but suffered a catastrophic failure during its initial filling. It emphasizes the importance of water resources for Idaho's economy, agriculture, and population growth, and notes that the Idaho Department of Water Resources has identified the reconstruction of the Teton Dam as a priority project alongside other potential water storage initiatives.

The memorial calls for an update to recent studies on water storage in Idaho and encourages collaboration among various federal, state, and local agencies to identify and construct new water storage solutions, including the Teton Dam reconstruction. It aims to ensure that the necessary stakeholders, including the Bureau of Reclamation and the United States Army Corps of Engineers, work together with Idaho residents to address the state's water resource challenges. The memorial concludes with a directive to forward copies to key officials and agencies involved in water resource management.