§ 99-2-203 — Level III construction projects new development

Wyoming § 99-2-203

• Jurisdiction: Wyoming
• Title 99: Water Projects
• Ch. 2: WATER DEVELOPMENT PROJECTS 1991 THROUGH 1997
• Art. 2: 1992 CONSTRUCTION PROJECTS

Text

(a) Except as otherwise specifically provided, each Level
III new development construction project identified in this
section shall be subject to the following general conditions:
(i) Each sponsor shall offer security for the project
loan as deemed adequate and acceptable to the attorney general;
(ii) The commission shall establish repayment
schedules for project loans in accordance with the conditions
prescribed in this section;
(iii) Each sponsor shall establish a sinking fund for
repair and maintenance of the project as deemed appropriate by
the commission;
(iv) Each sponsor shall supervise design and
construction of the project and submit all requests for payment
to the commission for approval;
(v) Sponsors shall not make construction funding
commitments until after the commission has reviewed and approved
construction budgets and construction plans;
(vi) The commission shall make payments directly to
the sponsors;
(vii) The sponsor shall be responsible for operation
and maintenance of the project;
(viii) The sponsor is responsible for all project
expenditures in excess of the total project budget;
(ix) If the commission determines that any sponsor
has, without good cause, abandoned completion of the project,
that sponsor, in addition to being required to repay the loan,
shall be obligated to immediately repay the full amount of all
grant funds actually expended plus interest as established by
the state auditor in an amount equal to the interest that would
have accrued on the expended grant funds in the water
development account from the date of expenditure;
(x) Principal and interest payments made in repayment
of loans shall be deposited in water development account I;
(xi) There shall be no lease, sale, assignment or
transfer of ownership of water from the project for purposes
other than the designated project purpose without prior written
approval of the commission and the state engineer or board of
control. 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 the project loan. After that loan is paid in full,
the sponsor shall receive a proportionate share of the revenues
generated by the lease, sale, assignment or transfer of
ownership of water from the project equal to the percentage of
the project loan and the state of Wyoming shall receive a
proportionate share of the revenues generated by the lease,
sale, assignment or transfer of ownership of water from the
project equal to the percentage of the project grant;
(xii) There shall be no lease, sale, assignment or
transfer of ownership of any project until the project loan is
paid in full, and until prior written approval is obtained from
the commission. If these conditions are met, the sponsor shall
receive a proportionate share of the revenues generated by the
lease, sale, assignment or transfer of ownership of the project
equal to the percentage of the project loan and the state of
Wyoming shall receive a proportionate share of the revenues
generated by the lease, sale, assignment or transfer of
ownership of the project equal to the percentage of the project
grant. Before the sponsor 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
sponsor's interest in the project for an amount equal to the
principal, interest, maintenance and replacement costs incurred
by the sponsor at the date the option is exercised;
(xiii) After the project loan is paid in full, the
sponsor may purchase the position of the state of Wyoming, as
described in paragraphs (xi) and (xii) of this subsection, for
the amount of the project grant plus the interest that would
have accrued on the grant amount in the water development
account from the date the project was substantially completed as
defined by the commission. The interest that would have accrued
on the grant amount shall be established by the state auditor;
(xiv) Any revenues generated by the state from the
lease, sale, assignment or transfer of ownership of any project
or project water shall be deposited in water development account
I.
Source notes for subsection (a): (Laws 1992, ch. 28, § 3a.)
(b) Project-Buffalo Municipal Reservoir:
(i) Project sponsor: City of Buffalo;
(ii) Project purpose: Municipal and domestic water
supply, recreation, hydropower production;
(iii) Project description: Dam on Clear Creek and
the appurtenances necessary to make the project complete and
function in the manner intended;
(iv) Total project budget: Thirteen million six
hundred thousand dollars ($13,600,000.00);
(v) Project loan: The state of Wyoming shall loan to
the sponsor from water development account I through the
commission for the design, permit procurement, project land
procurement, construction engineering and construction of the
project an amount not to exceed four million four hundred
eighty-eight thousand dollars ($4,488,000.00) or thirty-three
percent (33%) of the actual development costs, whichever is
less, for a term of fifty (50) years from the date the
commission determines project benefits accrue to the sponsor, at
an annual interest rate of four percent (4%);
(vi) Project grant: The state of Wyoming shall grant
to the sponsor from water development account I through the
commission for the design, permit procurement, project land
procurement, construction engineering and construction of the
project an amount not to exceed nine million one hundred twelve
thousand dollars ($9,112,000.00) or sixty-seven percent (67%) of
the actual development costs, whichever is less;
(vii) Appropriation: There is appropriated from water
development account I to the commission thirteen million six
hundred thousand dollars ($13,600,000.00) 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, 1999;
(viii) Special conditions:
(A) Payment of interest and principal and
accrual of interest on the loan shall be deferred until five (5)
years after the term of the loan commences as determined by the
commission. The loan shall be amortized over the remaining
forty-five (45) years of the term;
(B) The project is expressly contingent on
funding and construction of the Buffalo Hydropower Project
described in subsection (c) of this section.
Source notes for subsection (b): (Laws 1992, ch. 28, § 3b;
1996, ch. 59, § 8; 1997, ch. 45, § 7.)
(c) Project-Buffalo Hydropower Project:
(i) Project sponsor: City of Buffalo;
(ii) Project purpose: Hydropower generation;
(iii) Project description: Hydropower generation
facilities and appurtenances necessary to make the project
complete and function in the manner intended;
(iv) Total project budget: One million seventy-five
thousand dollars ($1,075,000.00);
(v) Project loan: The state of Wyoming shall loan to
the sponsor from water development account I through the
commission for the design, permit procurement, project land
procurement, construction engineering and construction of the
project an amount not to exceed one million seventy-five
thousand dollars ($1,075,000.00) or one hundred percent (100%)
of the actual development costs, whichever is less, for a term
of five (5) years from the date the commission determines
project benefits accrue to the sponsor from the project and the
Buffalo Municipal Reservoir, at an annual interest rate of four
percent (4%);
(vi) Appropriation: There is appropriated from water
development account I to the commission one million seventy-five
thousand dollars ($1,075,000.00) 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, 1999;
(vii) Special conditions:
(A) Payment of the principal on the loan shall
be deferred until five (5) years after the term of the loan
commences as determined by the commission. The total principal
on the loan will be due at the end of the deferral period;
(B) Revenues from the power generation shall
accrue to the sponsor and shall be used in the following
priority: 1) payment of the operation, maintenance and
replacement costs on the hydropower facilities, 2) repayment of
the loan provided in paragraph (v) of this subsection, 3)
repayment of the loan provided in paragraph (v) of subsection
(b) of this section. After both loans have been retired, the
revenues from the power generation may be used at the
discretion of the sponsor;
(C) The project is expressly contingent on
funding and construction of the Buffalo Municipal Reservoir
Project described in subsection (b) of this section.
Source notes for subsection (c): (Laws 1992, ch. 28, § 3c;
1996, ch. 59, § 9.)
(d) Project-Douglas Area Water Supply Project:
(i) Project sponsor: City of Douglas;
(ii) Project purpose: Municipal and domestic water
supply;
(iii) Project description: Pump station,
transmission pipelines, valves, storage reservoir, booster pump
stations and appurtenances necessary to make the project
complete and function in the manner intended;
(iv) Total project budget: One million seven hundred
thousand dollars ($1,700,000.00);
(v) Project loan: The state of Wyoming shall loan to
the sponsor from water development account I through the
commission for the design, permit procurement, project land
procurement, construction engineering and construction of the
project an amount not to exceed five hundred sixty-one thousand
dollars ($561,000.00) or thirty-three percent (33%) of the
actual development costs, whichever is less, for a term of forty
(40) years from the date the commission determines project
benefits accrue to the sponsor, at an annual interest rate of
four percent (4%);
(vi) Project grant: The state of Wyoming shall grant
to the sponsor from water development account I through the
commission for the design, permit procurement, project land
procurement, construction engineering and construction of the
project an amount not to exceed one million one hundred
thirty-nine thousand dollars ($1,139,000.00) or sixty-seven
percent (67%) of the actual development costs, whichever is
less;
(vii) Appropriation: There is appropriated from
water development account I to the commission one million seven
hundred thousand dollars ($1,700,000.00) 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, 1996;
(viii) Special conditions:
(A) Fifty-two thousand forty dollars
($52,040.00), which is thirty-three percent (33%) of the
construction costs of the groundwater well completed during the
Level II study, shall be added to the loan amount provided in
paragraph (v) of this subsection;
(B) Prior to the completion of the contract
outlined in Section 2(a) of this act, the sponsor shall complete
a water supply agreement with the Ridgewater Improvement and
Service District. The water supply agreement will be subject to
the approval of the commission;
(C) Project conditions for the Douglas Water
Supply Project authorized by 1991 Wyoming Session Laws, Chapter
231, Section 4(e) shall be modified as follows:
(I) The project loan term shall be
increased to forty (40) years; and
(II) Section 4(e)(viii) relating to
extension of the loan term shall be repealed.
Source notes for subsection (d): (Laws 1992, ch. 28, § 3d;
1994, ch. 28, § 13.)
(e) Project - Dubois Water Supply Project:
(i) Project sponsor: Town of Dubois;
(ii) Project purpose: Municipal and domestic water
supply;
(iii) Project description: Pump station and
appurtenances necessary to make the project complete and
function in the manner intended;
(iv) Total project budget: One hundred thirty-four
thousand three hundred dollars ($134,300.00);
(v) Project grant: The state of Wyoming shall grant
to the sponsor from water development account I through the
commission for the design, permit procurement, project land
procurement, construction engineering and construction of the
project an amount not to exceed ninety thousand dollars
($90,000.00) or sixty-seven percent (67%) of the actual
development costs, whichever is less;
(vi) Appropriation: There is appropriated from water
development account I to the commission ninety thousand dollars
($90,000.00) 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, 1995;
(vii) Special conditions: The sponsor is responsible
for acquiring thirty-three percent (33%) of the total project
budget from other sources.
Source notes for subsection (e): (Laws 1992, ch. 28, § 3e.)
(f) Project - Evansville Water Supply Project:
(i) Project sponsor: Town of Evansville;
(ii) Project purpose: Municipal and domestic water
supply;
(iii) Project description: Storage reservoir and
appurtenances necessary to make the project complete and
function in the manner intended;
(iv) Total project budget: Seven hundred fifty
thousand dollars ($750,000.00);
(v) Project loan: The state of Wyoming shall loan to
the sponsor from water development account I through the
commission for the design, permit procurement, project land
procurement, construction engineering and construction of the
project an amount not to exceed two hundred thirty-two thousand
five hundred dollars ($232,500.00) or thirty-one percent (31%)
of the actual development costs, whichever is less, for a term
of thirty (30) years from the date the commission determines
project benefits accrue to the sponsor, at an annual interest
rate of four percent (4%);
(vi) Project grant: The state of Wyoming shall grant
to the sponsor from water development account I through the
commission for the design, permit procurement, project land
procurement, construction engineering and construction of the
project an amount not to exceed five hundred seventeen thousand
five hundred dollars ($517,500.00) or sixty-nine percent (69%)
of the actual development costs, whichever is less;
(vii) Appropriation: There is appropriated from
water development account I to the commission seven hundred
fifty thousand dollars ($750,000.00) 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, 1995; (Laws 1992, ch.
28, § 3f; 1998, ch. 38, § 4.)
(viii) Repealed By Laws 1998, ch. 38, § 4.
Source notes for subsection (f): (Laws 1992, ch. 28, § 3f; 1998,
ch. 38, § 4.)
(g) Project - Fairview Water Supply Project:
(i) Project sponsor: Fairview Water and Sewer
District;
(ii) Project purpose: Domestic water supply;
(iii) Project description: Renovation of existing
springs, transmission pipelines, storage reservoir, pump station
for an existing well, booster stations and appurtenances
necessary to make the project complete and function in the
manner intended;
(iv) Total project budget: Seven hundred forty-nine
thousand two hundred fifty dollars ($749,250.00);
(v) Project grant: The state of Wyoming shall grant
to the sponsor from water development account I through the
commission for the design, permit procurement, project land
procurement, construction engineering and construction of the
project an amount not to exceed five hundred two thousand
dollars ($502,000.00) or sixty-seven percent (67%) of the actual
development costs, whichever is less;
(vi) Appropriation: There is appropriated from water
development account I to the commission five hundred two
thousand dollars ($502,000.00) 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, 1996;
(vii) Special conditions:
(A) The sponsor is responsible for acquiring
thirty-three percent (33%) of the total project budget from
other sources;
(B) The sponsor shall purchase the well
completed during the Level II study for a price of thirty-one
thousand dollars ($31,000.00) or thirty-three percent (33%) of
the actual construction costs, whichever is less. The sponsor
may purchase the well with a lump sum payment or with amortized
payments based on actual well construction cost for a term of
ten (10) years from the date the commission determines project
benefits accrue to the sponsor, at an annual interest rate of
four percent (4%). In either event, the purchase agreements
must be completed prior to commencement of the project.
Source notes for subsection (g): (Laws 1992, ch. 28, § 3g.)
(h) Project - Fremont Lake Reservoir Project:
(i) Project sponsor: Highland Irrigation District;
(ii) Project purpose: Agricultural water supply;
(iii) Project description: Reconstruction and
relocation of an existing dam, replacement of the headgate to
the Highland ditch, and appurtenances necessary to make the
project complete and function in the manner intended;
(iv) Total project budget: Four hundred twenty
thousand dollars ($420,000.00);
(v) Project loan: The state of Wyoming shall loan to
the sponsor from water development account I through the
commission for the design, permit procurement, project land
procurement, construction engineering and construction of the
project an amount not to exceed two hundred ten thousand dollars
($210,000.00) or fifty percent (50%) of the actual development
costs, whichever is less, for a term of twenty (20) years from
the date the commission determines project benefits accrue to
the sponsor, at an annual interest rate of four percent (4%);
(vi) Project grant: The state of Wyoming shall grant
to the sponsor from water development account I through the
commission for the design, permit procurement, project land
procurement, construction engineering and construction of the
project an amount not to exceed two hundred ten thousand dollars
($210,000.00) or fifty percent (50%) of the actual development
costs, whichever is less;
(vii) Appropriation: There is appropriated from
water development account I to the commission four hundred
twenty thousand dollars ($420,000.00) 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, 1995;
(viii) Special conditions:
(A) Prior project authorization under Chapter
120 of the 1986 Session Laws of Wyoming shall be repealed;
(B) Thirty-seven thousand eight hundred thirty-
four dollars ($37,834.00), which represents the project
expenditures to date, shall be added to the loan amount provided
in paragraph (v) of this subsection;
(C) Subject to commission approval, the sponsor
may sell a portion of the water from the project or a portion of
the project itself to the town of Pinedale. The sale may be
accomplished through lump sum payments or through the town
assuming a portion of the loan described in paragraph (v) of
this subsection, or both. If the sale is accomplished through
lump sum payments, the sponsor must use the payments to reduce
the principal on the loan described in paragraph (v) of this
subsection. Any other sales by the sponsor will be subject to
the conditions described in paragraphs (xi) through (xiii) of
subsection 3(a) of this act. Further, if the town of Pinedale
purchases a portion of the water from the project or a portion
of the project itself, any subsequent sales for purposes other
than its own municipal and domestic use shall be subject to the
conditions described in paragraphs (xi) through (xiii) of
subsection 3(a) of this act [§ 99-2-203(a)].
Source notes for subsection (h): (Laws 1992, ch. 28, § 3h.)
(j) Project - Grover Water Supply Project:
(i) Project sponsor: Grover Water and Sewer
District;
(ii) Project purpose: Domestic water supply;
(iii) Project description: Replacement of an
existing well, transmission pipelines, storage reservoir and
appurtenances necessary to make the project complete and
function in the manner intended;
(iv) Total project budget: Seven hundred thirty-five
thousand eight hundred twenty dollars ($735,820.00);
(v) Project grant: The state of Wyoming shall grant
to the sponsor from water development account I through the
commission for the design, permit procurement, project land
procurement, construction engineering and construction of the
project an amount not to exceed four hundred ninety-three
thousand dollars ($493,000.00) or sixty-seven percent (67%) of
the actual development costs, whichever is less;
(vi) Appropriation: There is appropriated from water
development account I to the commission four hundred ninety-
three thousand dollars ($493,000.00) 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, 1996;
(vii) Special conditions: The sponsor is responsible
for acquiring thirty-three percent (33%) of the total project
budget from other sources.
Source notes for subsection (j): (Laws 1992, ch. 28, § 3j.)
(k) Project - Indian Springs Water Supply Project:
(i) Project sponsor: Indian Springs Improvement and
Service District;
(ii) Project purpose: Domestic water supply;
(iii) Project description: Transmission pipeline and
appurtenances necessary to make the project complete and
function in the manner intended;
(iv) Total project budget: One hundred fifty
thousand dollars ($150,000.00);
(v) Project loan: The state of Wyoming shall loan to
the sponsor from water development account I through the
commission for the design, permit procurement, project land
procurement, construction engineering and construction of the
project an amount not to exceed forty-nine thousand five hundred
dollars ($49,500.00) or thirty-three percent (33%) of the actual
development costs, whichever is less, for a term of twenty (20)
years from the date the commission determines project benefits
accrue to the sponsor, at an annual interest rate of four
percent (4%);
(vi) Project grant: The state of Wyoming shall grant
to the sponsor from water development account I through the
commission for the design, permit procurement, project land
procurement, construction engineering and construction of the
project an amount not to exceed one hundred thousand five
hundred dollars ($100,500.00) or sixty-seven percent (67%) of
the actual development costs, whichever is less;
(vii) Appropriation: There is appropriated from
water development account I to the commission one hundred fifty
thousand dollars ($150,000.00) 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, 1995;
(viii) Special conditions: Prior to the completion
of the contract described in Section 2(a) of this act, the
sponsor shall complete a water supply agreement with the city of
Casper. The water supply agreement will be subject to the
approval of the commission.
Source notes for subsection (k): (Laws 1992, ch. 28, § 3k.)
(m) Project - Riverside Water Supply Project:
(i) Project sponsor: Sierra Madre Joint Powers
Board;
(ii) Project purpose: Domestic water supply;
(iii) Project description: Well construction, pump
stations, transmission pipelines, storage facility and
appurtenances necessary to make the project complete and
function in the manner intended;
(iv) Total project budget: One million two hundred
twenty-five thousand dollars ($1,225,000.00);
(v) Project loan: The state of Wyoming shall loan to
the sponsor from water development account I through the
commission for the design, permit procurement, project land
procurement, construction engineering and construction of the
project an amount not to exceed four hundred four thousand two
hundred fifty dollars ($404,250.00) or thirty-three percent
(33%) of the actual development costs, whichever is less, for a
term of thirty (30) years from the date the commission
determines project benefits accrue to the sponsor, at an annual
interest rate of four percent (4%);
(vi) Project grant: The state of Wyoming shall grant
to the sponsor from water development account I through the
commission for the design, permit procurement, project land
procurement, construction engineering and construction of the
project an amount not to exceed eight hundred twenty thousand
seven hundred fifty dollars ($820,750.00) or sixty-seven percent
(67%) of the actual development costs, whichever is less;
(vii) Appropriation: There is appropriated from
water development account I to the commission one million two
hundred twenty-five thousand dollars ($1,225,000.00) 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, 1996;
(viii) Special conditions:
(A) Payment of interest and principal and
accrual of interest on the loan shall be deferred until five (5)
years after the term of the loan commences as determined by the
commission. The loan shall be amortized over the remaining
twenty-five (25) years of the term. During the deferment
period, water sales revenues in excess of operation, maintenance
and replacement expenses will be placed in an escrow account in
the name of both the sponsor and the commission. At the end of
the deferment period, the escrow account will be used to make
payments on the loan provided in paragraph (v) of this
subsection;
(B) An amount not to exceed fifty thousand
dollars ($50,000.00) or thirty-three percent (33%) of the actual
construction costs of the groundwater wells completed during the
Level II study and to be incorporated into the water supply
system, whichever is less, shall be added to the loan amount
provided in paragraph (v) of this subsection;
(C) The sponsor and each participating agency of
the joint powers board shall offer security for the project loan
as deemed adequate and acceptable to the attorney general;
(D) If the commission determines that the
sponsor has, without good cause, abandoned completion of the
project, the sponsor and each participating agency in the joint
powers board, in addition to being required to repay the loan,
shall be obligated to immediately repay the full amount of all
grant funds actually expended plus interest as established by
the state auditor in an amount equal to the interest that would
have accrued on the expended grant funds in the water
development account from the date of expenditure.
Source notes for subsection (m): (Laws 1992, ch. 28, § 3m.)
(n) [Project - Sandy Lake Water Supply Project]
Source notes for subsection (n): (Laws 1992, ch. 28, § 3n;
Repealed by Laws 1993, ch. 89, § 9.)
(o) Project - Smoot Water Supply Project:
(i) Project sponsor: Greater Smoot Water and Sewer
District;
(ii) Project purpose: Domestic water supply;
(iii) Project description: Spring renovation,
transmission pipelines, storage reservoir, pump station for an
existing well and appurtenances necessary to make the project
complete and function in the manner intended;
(iv) Total project budget: One million six hundred
forty-one thousand eight hundred dollars ($1,641,800.00);
(v) Project grant: The state of Wyoming shall grant
to the sponsor from water development account I through the
commission for the design, permit procurement, project land
procurement, construction engineering and construction of the
project an amount not to exceed one million one hundred thousand
dollars ($1,100,000.00) or sixty-seven percent (67%) of the
actual development costs, whichever is less;
(vi) Appropriation: There is appropriated from water
development account I to the commission one million one hundred
thousand dollars ($1,100,000.00) 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, 1996;
(vii) Special conditions:
(A) The sponsor is responsible for acquiring
thirty-three percent (33%) of the total project budget from
other sources;
(B) The sponsor shall purchase the well
completed during the Level II study for a price of twenty
thousand dollars ($20,000.00) or thirty-three percent (33%) of
the actual construction costs, whichever is less. The sponsor
may purchase the well with a lump sum payment or with amortized
payments based on actual construction costs for a term of ten
(10) years from the date the commission determines project
benefits accrue to the sponsor, at an annual interest rate of
four percent (4%). In either event, the purchase agreements
must be completed prior to commencement of the project.
Source notes for subsection (o): (Laws 1992, ch. 28, § 3o.)
(p) Project - Southwest Casper Water Supply Project:
(i) Project sponsor: City of Casper;
(ii) Project purpose: Municipal and domestic water
supply;
(iii) Project description: Transmission pipeline,
storage facility, booster station modifications and
appurtenances necessary to make the project complete and
function in the manner intended;
(iv) Total project budget: One million dollars
($1,000,000.00);
(v) Project loan: The state of Wyoming shall loan to
the sponsor from water development account I through the
commission for the design, permit procurement, project land
procurement, construction engineering and construction of the
project an amount not to exceed three hundred thirty thousand
dollars ($330,000.00) or thirty-three percent (33%) of the
actual development costs, whichever is less, for a term of
twenty (20) years from the date the commission determines
project benefits accrue to the sponsor, at an annual interest
rate of four percent (4%);
(vi) Project grant: The state of Wyoming shall grant
to the sponsor from water development account I through the
commission for the design, permit procurement, project land
procurement, construction engineering and construction of the
project an amount not to exceed six hundred seventy thousand
dollars ($670,000.00) or sixty-seven percent (67%) of the actual
development costs, whichever is less;
(vii) Appropriation: There is appropriated from
water development account I to the commission one million
dollars ($1,000,000.00) 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, 1996;
(viii) Special conditions:
(A) Prior to the completion of the contract
described in section 2(a) of this act, the sponsor shall
complete a water supply agreement with the Indian Springs
Improvement and Service District. The water supply agreement
will be subject to the approval of the commission;
(B) The size of the storage reservoir is based
on the storage reservoir being used to supply water to other
regional water users. Therefore, subject to commission
approval, the sponsor may sell water from the project to other
domestic water users. Any sales other than for domestic
purposes will be subject to the conditions described in
paragraphs (xi) through (xiii) of subsection 3(a) of this act [§
99-2-203(a)].
Source notes for subsection (p): (Laws 1992, ch. 28, § 3p;
1995, ch. 206, § 7.)
(q) Project - Teton Village Water Supply Project:
(i) Project sponsor: Teton Village Water and Sewer
District;
(ii) Project purpose: Domestic water supply;
(iii) Project description: Wells, pump stations,
transmission pipelines and appurtenances necessary to make the
project complete and function in the manner intended;
(iv) Total project budget: Seven hundred thousand
dollars ($700,000.00);
(v) Project loan: The state of Wyoming shall loan to
the sponsor from water development account I through the
commission for the design, permit procurement, project land
procurement, construction engineering and construction of the
project an amount not to exceed two hundred thirty-one thousand
dollars ($231,000.00) or thirty-three percent (33%) of the
actual development costs, whichever is less, for a term of ten
(10) years from the date the commission determines project
benefits accrue to the sponsor, at an annual interest rate of
four percent (4%);
(vi) Project grant: The state of Wyoming shall grant
to the sponsor from water development account I through the
commission for the design, permit procurement, project land
procurement, construction engineering and construction of the
project an amount not to exceed four hundred sixty-nine thousand
dollars ($469,000.00) or sixty-seven percent (67%) of the actual
development costs, whichever is less;
(vii) Appropriation: There is appropriated from
water development account I to the commission seven hundred
thousand dollars ($700,000.00) 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, 1995.
Source notes for subsection (q): (Laws 1992, ch. 28, § 3q.)