(a)Project – Sponsor's Contingency Fund – New
Development:
(i)Project sponsor: Any eligible sponsor;
(ii)Project purpose: Multiple purpose water use;
(iii)Project description: The establishment of a
fund to provide supplemental funding for sponsors' existing
Level III new development construction projects where
construction budgets have been rendered insufficient due to
inflation, or an unexpected increase in material cost, change in
materials or increase in the quantities of materials necessary
to complete the final project design;
(iv)Total project budget: Seven million dollars
($7,000,000.00);
(v)Project grant: The state of Wyoming shall grant
to sponsors from water development account I through the
commission sufficient supplemental funds which may be used to
complete constructio
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(a) Project – Sponsor's Contingency Fund – New
Development:
(i) Project sponsor: Any eligible sponsor;
(ii) Project purpose: Multiple purpose water use;
(iii) Project description: The establishment of a
fund to provide supplemental funding for sponsors' existing
Level III new development construction projects where
construction budgets have been rendered insufficient due to
inflation, or an unexpected increase in material cost, change in
materials or increase in the quantities of materials necessary
to complete the final project design;
(iv) Total project budget: Seven million dollars
($7,000,000.00);
(v) Project grant: The state of Wyoming shall grant
to sponsors from water development account I through the
commission sufficient supplemental funds which may be used to
complete construction of projects up to an amount not to exceed
sixty-seven percent (67%) of the difference between the original
project budget and the actual cost of construction;
(vi) Project loan: The state of Wyoming shall loan to
sponsors from water development account I through the commission
sufficient supplemental funds which may be used to complete
construction of projects up to an amount not to exceed thirty-
three percent (33%) of the difference between the original
project budget and the actual cost of construction, at an annual
rate of four percent (4%);
(vii) Appropriation: There is appropriated from water
development account I to the commission seven million dollars
($7,000,000.00) 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, 2027; and
(viii) Special condition: The commission is
authorized to consider and approve supplemental funding to
complete existing water development program Level III
construction projects any time during the calendar year. Source
notes for subsection (a): (Laws 2006, Ch. 105, § 20; 2010, ch.
68, § 2; 2012, Ch. 14, § 2; 2015, Ch. 167, § 1; 2017, Ch. 75, §
2; 2019, Ch. 55, § 2; 2023, Ch.180, § 2.)
(b) Project – Sponsor's Contingency Fund-Rehabilitation:
(i) Project sponsor: Any eligible sponsor;
(ii) Project purpose: Variable purpose water
supplies;
(iii) Project description: The establishment of a
fund to provide supplemental funding for sponsors' existing
Level III rehabilitation construction projects where
construction budgets have been rendered insufficient due to
inflation, or an unexpected increase in material cost, change in
materials or increase in the quantities of materials necessary
to complete the final project design;
(iv) Total project budget: Eight million six hundred
thousand dollars ($8,600,000.00);
(v) Project grant: The state of Wyoming shall grant
to sponsors from water development account II through the
commission sufficient supplemental funds which may be used to
complete construction of projects up to an amount not to exceed
sixty-seven percent (67%) of the difference between the original
project budget and the actual cost of construction;
(vi) Project loan: The state of Wyoming shall loan to
sponsors from water development account II through the
commission sufficient supplemental funds which may be used to
complete construction of projects up to an amount not to exceed
fifty percent (50%) of the difference between the original
project budget and the actual cost of construction, at an annual
rate of four percent (4%);
(vii) Appropriation: There is appropriated from water
development account II to the commission eight million six
hundred thousand dollars ($8,600,000.00) 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 II on July 1, 2028; and
(viii) Special condition:
(A) The commission is authorized to consider and
approve supplemental funding to complete existing water
development program Level III construction projects any time
during the calendar year;
(B) The appropriation of additional funds for
this project in the amount of two million nine hundred thousand
dollars ($2,900,000.00) is contingent upon the transfer of funds
to water development account II as described in this act or the
transfer of funds from another funding source. Source Notes for
subsection (b): (Laws 2006, Ch. 105, § 20; 2010, Ch. 68, § 2;
2012, Ch. 14, § 2; 2015, Ch. 167, § 1, 2017, Ch. 75, § 2; 2019,
Ch. 55, § 2; 2020, Ch. 113, § 2; 2021, Ch. 12, § 2; 2023, Ch.
180, § 2; 2025, Ch. 111, § 2.)