§ 99-99-504 — Project financing

Wyoming § 99-99-504

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

Text

(a) The state of Wyoming shall fund directly from its
water development account an amount not to exceed one million
three hundred twenty-five thousand dollars ($1,325,000.00) in
return for:
(i) Five hundred eighty-eight (588) acre-feet of
stored water in Park Reservoir to maintain a minimum pool for
fisheries;
(ii) Five hundred thirty (530) acre-feet of stored
water in Park Reservoir to be used to augment flushing flows in
the East Fork of Big Goose Creek at the rate of ninety (90)
cubic feet per second for seventy-two (72) hours;
(iii) Ninety (90) acre-feet of stored water in Park
Reservoir to be used to sustain a minimum flow in the East Fork
of Big Goose Creek when inflow into the reservoir drops below
four and one-half (4.5) cubic feet per second.
(b) The state of Wyoming shall not be subject to normal
operation and maintenance costs for fifty (50) years beginning
with the completion of the project.
(c) The state of Wyoming shall loan to the district
through the department as authorized in W.S. 9-3-312 a sum not
to exceed one million two hundred thousand dollars
($1,200,000.00) from its water development account for a term of
forty (40) years at five percent (5%) interest provided:
(i) The district offers security as deemed adequate
and acceptable to the Wyoming attorney general; and
(ii) The department establishes a repayment schedule
in accordance with the conditions herein prescribed.
(Laws 1981, Ch. 70, § 1; Renumbered from 41-2-504 by Laws 2009,
Ch. 168, § 401.)