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 storage projects.

The memorial calls for collaboration among various federal, state, and local agencies to update studies on water storage availability in Idaho and to identify opportunities for new storage projects, including the Teton Dam reconstruction. It encourages the Bureau of Reclamation, the United States Army Corps of Engineers, and other relevant entities to work with Idaho residents to address the state's water storage needs, particularly in light of ongoing drought conditions and increasing demands on water resources.