This bill:

• changes the name of:
  • the Agriculture Conservation Easement Account; and
  • the LeRay McAllister Working Farm and Ranch Fund;
• repeals the following accounts and funds, including related references:
  • the Navajo Water Rights Negotiation Account;
  • the Conversion to Alternative Fuel Grant Program Fund, including the Conversion to Alternative Fuel Grant Program;
  • the Wildlife Resources Conservation Easement Account;
  • the Wild Game Meat Donation Fund; and
  • the Colorado River Authority Restricted Account;
• modifies the permissible uses of funds in the Department of Public Safety Restricted Account;
• clarifies that an agency that administers a state grant on another agency's behalf shall comply with the applicable grant requirements;
• clarifies that the state auditor may audit grant funds in accordance with the state auditor's authority;
• for a direct award grant, prohibits an administering agency from using grant funds to administer the grant, unless otherwise provided in the grant appropriation's intent language;
• modifies certain reporting requirements for a competitive grant;
• provides that a member of the Board of Examiners is disqualified from reviewing a line item overexpenditure report if the line item is part of the member's office's budget;
• allows an agency to expend up to 100% of the dedicated credits revenue that the agency receives in excess of the amount appropriated, if the dedicated credits are appropriated to a specified type of fund;
• amends the administration of the Industrial Assistance Account (account) by:
  • replacing the annual transfer to the account with an annual set aside; and
  • directing the GOEO board to make recommendations to the administrator regarding applications for loans, grants, or other financial assistance from the account;
• addresses the state auditor's authority related to:
  • expenses and personnel; and
  • performing audits of funds and accounts to determine compliance with the law;
• creates the Energy Development Infrastructure Fund to make loans to public entities to finance infrastructure development that supports nuclear power generation and transmission in the state;
• changes the Electrical Energy Development Investment Fund from an expendable special revenue fund to a special revenue fund and makes appropriations from the fund nonlapsing;
• modifies the permissible uses of the Electrical Energy Development Investment Fund;
• makes technical and conforming changes; and
• includes a coordination clause that makes technical changes if this bill and H.B. 473, Colorado River Authority Amendments, both pass and become law.