This bill amends Chapter 17, Title 42 of the Idaho Code by adding a new section, 42-1760A, which establishes a Water Management Account aimed at supporting ongoing investments in water infrastructure. The legislature intends to allocate thirty million dollars ($30,000,000) from the general fund to this account, which will be administered by the Idaho Water Resource Board. The funds are designated for various projects, including aquifer recharge, development of water storage systems, and emergency repairs to ensure the resilience of water infrastructure. The bill emphasizes the importance of responsible water management for the sustainability of Idaho's water resources and economy.

Additionally, the bill stipulates that no more than fifty percent of the appropriated funds may be utilized within a single board district unless there are no competing applications from other districts. The Idaho Water Resource Board is tasked with establishing guidelines for fund allocation and must submit an annual report to the governor and legislature detailing the expenditures and effectiveness of the funded projects. The bill also allows for coordination with other agencies and entities to enhance funding and resources for water infrastructure development. An emergency clause is included, making the act effective immediately upon passage and approval.