§ 99-99-1001 — Creation; use of funds; interest

Wyoming § 99-99-1001

• Jurisdiction: Wyoming
• Title 99: Water Projects
• Ch. 99: 9

Text

(a) The following accounts are created:
(i) Fontenelle reservoir account;
(ii) Buffalo Bill dam account;
(iii) Palisades reservoir account;
(iv) Miscellaneous water investment account;
(v) Keyhole reservoir account;
(vi) High Savery reservoir account;
(vii) Pathfinder modification account;
(viii) Glendo reservoir account;
(ix) Lake DeSmet Reservoir account;
(x) Middle Piney reservoir account.
(Created by Laws, 2019, Ch. 55, § 2.)
(b) Any unexpended balance in an account created by
subsection (a) of this section shall be invested by the state
treasurer and the interest earned shall be credited to the
account.
(c) The Wyoming water development commission shall
annually review the accounts created by subsection (a) of this
section and report to the joint appropriations committee, and to
the joint agriculture, state and public lands and water
resources interim committee in the report required under W.S.
41-2-118(a), the amount of funds in any account which are in
excess of that amount needed to meet obligations specified in
subsections (d) through (j) of this section. After approval by
the legislature, funds in excess of the amount needed to meet
obligations specified in subsections (d) through (j) of this
section shall be deposited in water development account I
created by W.S. 41-2-124(a)(i).
(Amended Laws 2017, Ch. 64, § 1)
(d) All revenues received by the state from the lease,
sale, assignment or transfer of ownership of power or water
resulting from the state's interest in the Fontenelle reservoir
shall be deposited in the account created by paragraph (a)(i) of
this section. The Wyoming water development commission shall use
any monies in the account to meet the loan, operation,
maintenance and replacement obligations of the state relating to
the Fontenelle reservoir project. Funds previously credited to
the account created by W.S. 9-2-211(d) shall be transferred to
the account created by paragraph (a)(i) of this section.
(e) All revenues received by the state from the lease,
sale, assignment or transfer of ownership of power or water
resulting from the state's interest in the Buffalo Bill dam
shall be deposited in the account created by paragraph (a)(ii)
of this section. The Wyoming water development commission shall
use any monies in the account to meet the operation, maintenance
and replacement obligations of the state relating to the Buffalo
Bill dam project. Any balance in the account created by
paragraph (a)(ii) of this section in excess of five hundred
thousand dollars ($500,000.00) or the amount necessary to meet
operation, maintenance and replacement obligations related to
the Buffalo Bill dam project, whichever is greater, may be used
to meet the state's annual obligation for any of the projects
referenced in subsection (a) of this section.
(f) Revenues received by the state from the lease, sale,
assignment or transfer of ownership of water resulting from the
state's interest in Palisades reservoir shall be deposited with
the game and fish department until the department has been
reimbursed for the sixty-five thousand dollars ($65,000.00)
approved by the Wyoming game and fish commission for deposit
into the account created by paragraph (a)(iii) of this section.
Thereafter, all revenues received by the state from the lease,
sale, assignment or transfer of ownership of water resulting
from the state's interest in the Palisades reservoir shall be
deposited in the account created by paragraph (a)(iii) of this
section. The Wyoming water development commission shall
administer the account and use any monies in the account to meet
annual operation, maintenance and other contract obligations of
the state relating to the Palisades reservoir project.
(g) Revenues received by the state from the lease, sale,
assignment or transfer of water from projects funded by the
Wyoming water development program or from the lease, sale,
assignment or transfer of projects, or any portions thereof,
funded by the Wyoming water development program shall be
deposited into the account created by paragraph (a)(iv) of this
section. The Wyoming water development commission shall
administer the account and use any monies in the account to meet
the contract obligations of the state relative to said leases,
sales, assignments or transfers. The account balance shall at no
time exceed one hundred thousand dollars ($100,000.00).
(h) The Wyoming water development commission shall
administer the account created by paragraph (a)(v) of this
section and use any monies in the account for replacement water
purchases and to meet annual operation, maintenance and other
contract obligations of the state relating to the Keyhole
reservoir project.
(j) All revenues received by the state from the lease,
sale, assignment or transfer of ownership of power or water
resulting from the state's interest in the High Savery reservoir
and dam shall be deposited in the account created by paragraph
(a)(vi) of this section. The Wyoming water development
commission shall use any monies in the account to meet the
operation, maintenance and replacement obligations of the state
relating to the High Savery dam and reservoir project.
(k) Notwithstanding W.S. 41-2-1301(f), all revenues
received by the state from the lease, sale, assignment or
transfer of ownership of water resulting from the state's
interest in the Pathfinder modification project shall be
deposited in the account created by paragraph (a)(vii) of this
section. The Wyoming water development commission shall use any
monies in the account to meet the operation, maintenance,
replacement and mitigation obligations of the state related to
the Pathfinder modification project. Two million two hundred
fifty thousand dollars ($2,250,000.00) from the appropriation
from water development account II provided in the 2000 Wyoming
Session Laws, Chapter 36, Section 6 is hereby transferred to the
account created by paragraph (a)(vii) of this section.
(m) All revenues received by the state from the lease,
sale, assignment or transfer of ownership of water resulting
from the state's interest in the Glendo reservoir shall be
deposited in the account created by paragraph (a)(viii) of this
section. The Wyoming water development commission shall
administer the account and use any monies in the account to meet
the operation, maintenance, replacement and other contract
obligations of the state related to the Glendo reservoir water
service contract. Eight hundred thousand dollars ($800,000.00)
from the appropriation from water development account I provided
in the 2002 Wyoming Session Laws, Chapter 83, Section 29 is
hereby transferred to the account created by paragraph (a)(viii)
of this section.
(n) All revenues received by the state from the lease,
sale, assignment or transfer of ownership of power or water
resulting from the state's interest in the Lake DeSmet
Reservoir, Healy Reservoir and Dam, and associated facilities as
provided in W.S. 99-1-602 shall be deposited in the account
created by paragraph (a)(ix) of this section. The Wyoming water
development commission shall administer the account and use any
monies in the account to meet the operation, maintenance and
replacement obligations of the state related to the Lake DeSmet
Reservoir, Healy Reservoir and Dam, and associated facilities.
The Wyoming water development commission shall report on
operations of Lake DeSmet Reservoir and Healy Reservoir and Dam
and administration of the Lake DeSmet Reservoir account to the
joint appropriations committee and the select water committee
not later than December 31 of each year through December 31,
2020.
Source Notes for subsection (n): created by (Laws 2018, Ch. 115,
§ 2.)
(o) All revenues received by the state from the lease,
sale, assignment or transfer of ownership of power or water
resulting from the state's interest in the Middle Piney
reservoir and dam, and associated facilities as provided in W.S.
99-3-2205(c), shall be deposited in the account created by
paragraph (a)(x) of this section. The Wyoming water development
commission shall administer the account and use any monies in
the account to meet the operation, maintenance and replacement
obligations of the state related to the Middle Piney reservoir
and dam, and associated facilities.
Source Notes for subsection (o): (Created by Laws 2019, Ch. 55,
§ 2.)
[TRANSFER OF FUNDS]
Section 3. Pursuant to W.S. 99-99-1001(c), the Wyoming water
development commission has reviewed the Buffalo Bill dam account
and determined there to be five million five hundred thousand
dollars ($5,500,000.00) in funds in excess of that amount needed
to meet obligations of the Buffalo Bill dam account as specified
in W.S. 99-99-1001(e). The Wyoming water commission is hereby
authorized to transfer five million five hundred thousand
dollars ($5,500,000.00) from the Buffalo Bill dam account
created by W.S. 99-99-1001(a)(ii) to water development account
II created by W.S. 41-2-124(a)(ii).