§ 99-1-405 — Terms; management plan; restriction on sale of water and the project

Wyoming § 99-1-405

• Jurisdiction: Wyoming
• Title 99: Water Projects
• Ch. 1: MISCELLANEOUS WATER PROJECTS
• Art. 4: NATRONA COUNTY REGIONAL WATER TREATMENT PROJECT

Text

(a) There shall be no lease, sale, assignment or transfer
of ownership of water treated through the project for purposes
other than the board's municipal or domestic use without prior
written approval from the commission. If such a transaction is
approved, the revenues generated by the lease, sale, assignment
or transfer of ownership of water from the project shall be
utilized to retire principal on any investment of state funds to
construct the proposed Natrona County Regional Water Treatment
Project.
(b) There shall be no lease, sale, assignment or transfer
of ownership of the project until the investment described in
section 4(a) of this act [§ 99-1-404(a)] is paid in full, and
until prior written approval is obtained from the commission.
Before the board may lease, sell, assign or transfer ownership
of the project, the state of Wyoming shall be given a one (1)
year first right of refusal option to purchase the board's
interest in the project for an amount equal to the principal,
interest, maintenance and replacement costs incurred by the
board at the date the option is exercised.
(c) The board shall be responsible for operation and
maintenance of the project. (Laws 1995, ch. 194, §§ 5a, 5b, 5c.)