On its own initiative or when so directed by the Governor, the cabinet shall make a preliminary survey and report of any project which involves or might involve expenditure of state funds or construction work by the State of Kentucky in the construction, reconstruction, or maintenance of any flood control works or other works concerning or affecting the development of water resources. If the cabinet, with the approval of the Governor, finds from such preliminary survey that the project is not favorable, no further action shall be taken on such project without specific instructions or authorization by the General Assembly. If the cabinet finds from such preliminary survey that such project is favorable on a basis of need, economic value or future development, it shall, with the approval of the Governor, cause a comprehensive final survey and report to be prepared, and submit such report to the Governor for approval and authority to perform the necessary construction work.
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