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<br />o <br /> <br />. <br /> <br />ej <br /> <br />. <br />) <br /> <br />e) <br /> <br />I <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br /> <br />operational account of the severance tax trust fund created In <br />subparagraph (II) of paragraph ( a) of this subsection (1) is authorized to <br />be expended for - allocation to the division of water IC5o(]1CC5 <br />ADMINISTRATION in the department of natural resources. <br />SECTION 41. Effective date - applicability. (1) This act shall <br />take effect January 31,2007. <br />(2) However, if a referendum petition is filed against this act or <br />an item, section, or part of this act during the 90-day period after final <br />adjournment of the general assembly that is allowed for submitting a <br />referendum petition pursuant to article V, section 1 (3) of the state <br />constitution, then the act, item, section, or part, shall not take effect <br />unless approved by the people at a biennial regular general election and <br />shall take effect on the date specified in subsection (1) or on the date of <br />the official declaration of the - vote thereon by proclamation of the <br />governor, whichever is later. <br />(3) The provisions of this act shall apply to acts occuning on or <br />after the applicable effective date-of this-act.-- - <br /> <br />-31- <br /> <br />.SB05-046 <br />