§ 99-1-602 — Lake DeSmet Reservoir project

Wyoming § 99-1-602

• Jurisdiction: Wyoming
• Title 99: Water Projects
• Ch. 1: MISCELLANEOUS WATER PROJECTS
• Art. 6: LAKE DESMET RESERVOIR

Text

(a) Authorization is granted for the Lake DeSmet Reservoir
project as provided in this section.
Source Notes for subsection (a): (Laws 2018, Ch. 115, § 1.)
(b) Project – Lake DeSmet Reservoir:
(i) Project sponsor: State of Wyoming;
(ii) Project purpose: Agriculture, municipal, rural
domestic and industrial water supply;
(iii) Project description: The purchase of:
(A) Water storage capacity in Lake DeSmet;
(B) Approximately four hundred forty-five (445)
acres of land containing Healy Reservoir, the Clear Creek
diversion structure and pumping facilities;
(C) Transmission pipeline related to the
project;
(D) Funding for the Lake DeSmet Reservoir
account as provided in subparagraph (vi)(D) of this subsection;
and
(E) Associated water rights, easements and
appurtenances necessary to make the project function in the
manner intended. The project may also include closing costs as
provided in subparagraph (vi)(C) of this subsection.
(iv) Total project budget: Four million five hundred
thousand dollars ($4,500,000.00);
(v) Appropriation: There is appropriated from water
development account I to the commission four million five
hundred thousand dollars ($4,500,000.00) or as much thereof as
is necessary to carry out the purpose of this subsection.
Unexpended funds appropriated under this subsection shall revert
to water development account I on July 1, 2021;
(vi) Special conditions:
(A) The office is hereby authorized to negotiate
a purchase agreement with the owner of the project. The purchase
agreement shall be submitted to the commission and governor for
approval;
(B) Upon approval of a purchase agreement by the
commission and governor, the commission is authorized to expend
up to two million five hundred thousand dollars ($2,500,000.00)
to purchase project components described in the approved
purchase agreement;
(C) In addition to the authorized purchase price
in the approved agreement, the office may use appropriated funds
to pay fifty percent (50%) of the closing costs;
(D) Upon approval by the commission, any
remaining funds from the appropriation under this section up to
two million dollars ($2,000,000.00) shall be deposited in the
Lake DeSmet Reservoir account created by W.S. 99-99-1001(a)(ix);
(E) Upon completion of the purchase of the
project the office, with oversight from the commission, shall
manage the project for the benefit of water users in this state.
Source Notes for subsection (b): (Laws 2018, Ch. 115, § 1.)