§ 99-3-2005 — Level III construction projects – Storage

(a) Authorization is granted for the Level III storage
construction projects identified in this section, subject to the
general conditions specified in W.S. 99-3-106.
Source notes for subsection (a): (Laws 2015, Ch. 23, § 1.)
(b) Project – Sheridan Supplemental Storage Level III:
(i) Project sponsor: City of Sheridan and Sheridan
Area Water Supply Joint Powers Board;
(ii) Project purpose: Municipal, rural domestic water
supply;
(iii) Project description: Acquisition of shares of
ownership in Park Reservoir located in Sheridan County;
(iv) Total project budget: Eight million four
hundred thousand dollars ($8,400,000.00);
(v) Project grant: The state of Wyoming shall grant
to the sponsor from water development account III through the
commission for the acquisition of existing reservoir water
storage an amount not to exceed five million six hundred
twenty-eight thousand dollars ($5,628,000.00) or sixty-seven
percent (67%) of the actual acquisition costs, whichever is
less;
(vi) Appropriation: There is appropriated from water
development account III to the commission five million six
hundred twenty-eight thousand dollars ($5,628,000.00) 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 III on July 1, 2025;
(vii) Special conditions:
(A) The sponsor is responsible for acquiring
thirty-three percent (33%) of the total project budget from
other sources;
(B) The funds from this appropriation shall not
be used for any acquisition involving eminent domain;
(C) The funds from this appropriation shall not
be used for acquisition costs in excess of four thousand two
hundred dollars ($4,200.00) per acre-foot of water. Source
notes for subsection (b): (Laws 2015, Ch. 23, § 1; 2020, Ch.
113, § 2.)