Change provisions relating to the Perkins County Canal Project and provide for transfers from the Perkins County Canal Project Fund

LB 674 amends Nebraska law to redirect funds from the Perkins County Canal Project Fund. It requires transferring $250 million to the General Fund and $250 million to the Water Sustainability Fund by June 30, 2025, for state use. The bill also directs the Department of Natural Resources to conduct a study on the canal project's costs, timeline, alternatives, and impacts on Lincoln and Omaha's water supplies, with findings due to the Legislature by December 31, 2022. This legislation restates the state's intent regarding the South Platte River Compact but does not fund actual canal construction. The bill takes immediate effect due to an emergency declaration.