Section 99-2-604 - Level III construction projects; rehabilitation(a) Except as otherwise specifically provided, each Level III rehabilitation 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 appropriation;(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 II. Source notes for subsection (a): (Laws 1996, ch. 59, § 4a.)
(b) Project - Cokeville Tri-Diversion Project:(i) Project sponsor: Cokeville Watershed Improvement District;(ii) Project purpose: Irrigation water supply;(iii) Project description: Replacement or repair of tri-diversion irrigation structure and appurtenances necessary to make the project function in the manner intended;(iv) Total project budget: One hundred sixty thousand dollars ($160,000.00);(v) Project loan: The state of Wyoming shall loan to the sponsor from water development account II through the commission for the design, permit procurement, project land procurement, construction engineering and construction of the project an amount not to exceed eighty thousand dollars ($80,000.00) 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 rate of four percent (4%);(vi) Project grant: The state of Wyoming shall grant to the sponsor from water development account II through the commission for the design, permit procurement, project land procurement, construction engineering and construction of the project an amount not to exceed eighty thousand dollars ($80,000.00) or fifty percent (50%) of the actual development costs, whichever is less;(vii) Appropriation: There is appropriated from water development account II to the commission one hundred sixty thousand dollars ($160,000.00) 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, 1999. Source notes for subsection (b): (Laws 1996, ch. 59, § 4b.)
(c) Elkhorn Creek Water Supply Project:(i) Project sponsor: Town of Evansville;(ii) Project purpose: Municipal and domestic water supply;(iii) Project description: Installation of collection facilities and replacement of pipeline, and appurtenances necessary to make the project function in the manner intended;(iv) Total project budget: Nine hundred thousand dollars ($900,000.00). Phase I budget: Fifty thousand dollars ($50,000.00);(v) Project loan: The state of Wyoming shall loan to the sponsor from water development account II through the commission for the design, permit procurement, construction engineering and construction of the project an amount not to exceed fifty thousand dollars ($50,000.00) for a term of twenty (20) years from the date the commission determines project benefits accrue to the sponsor, at an annual rate of seven and one-quarter percent (7 1/4%);(vi) Appropriation: There is appropriated from water development account II to the commission fifty thousand dollars ($50,000.00) 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, 1999. Source notes for subsection (c): (Laws 1996, ch. 59, § 4c.)
(d) Project - Greybull Rehabilitation Project:(i) Project sponsor: Town of Greybull;(ii) Project purpose: Municipal and domestic water supply;(iii) Project description: Transmission pipeline improvements and appurtenances necessary to make the project function in the manner intended;(iv) Total project budget: Three hundred fifty-five thousand dollars ($355,000.00);(v) Project loan: The state of Wyoming shall loan to the sponsor from water development account II 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 seventy-seven thousand five hundred dollars ($177,500.00) 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 rate of four percent (4%);(vi) Project grant: The state of Wyoming shall grant to the sponsor from water development account II 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 seventy-seven thousand five hundred dollars ($177,500.00) or fifty percent (50%) of the actual development costs, whichever is less;(vii) Appropriation: There is appropriated from water development account II to the commission three hundred fifty-five thousand dollars ($355,000.00) 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, 1999. Source notes for subsection (d): (Laws 1996, ch. 59, § 4d.)
(e) Project - Lyman Springs Rehabilitation Project:(i) Project sponsor: Town of Lyman;(ii) Project purpose: Municipal and domestic water supply;(iii) Project description: Spring improvements and appurtenances necessary to make the project function in the manner intended;(iv) Total project budget: Two hundred fifty-five thousand dollars ($255,000.00);(v) Project loan: The state of Wyoming shall loan to the sponsor from water development account II 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 twenty-seven thousand five hundred dollars ($127,500.00) 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 rate of four percent (4%);(vi) Project grant: The state of Wyoming shall grant to the sponsor from water development account II 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 twenty-seven thousand five hundred dollars ($127,500.00) or fifty percent (50%) of the actual development costs, whichever is less;(vii) Appropriation: There is appropriated from water development account II to the commission two hundred fifty-five thousand dollars ($255,000.00) 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, 1999. Source notes for subsection (e): (Laws 1996, ch. 59, § 4e.)
(f) Project - Pine Bluffs Well Rehabilitation Project:(i) Project sponsor: Town of Pine Bluffs;(ii) Project purpose: Municipal and domestic water supply;(iii) Project description: Well improvements and appurtenances necessary to make the project function in the manner intended;(iv) Total project budget: One hundred fifty-five thousand dollars ($155,000.00);(v) Project loan: The state of Wyoming shall loan to the sponsor from water development account II through the commission for the design, permit procurement, project land procurement, construction engineering and construction of the project an amount not to exceed seventy-seven thousand five hundred dollars ($77,500.00) 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 rate of four percent (4%);(vi) Project grant: The state of Wyoming shall grant to the sponsor from water development account II through the commission for the design, permit procurement, project land procurement, construction engineering and construction of the project an amount not to exceed seventy-seven thousand five hundred dollars ($77,500.00) or fifty percent (50%) of the actual development costs, whichever is less;(vii) Appropriation: There is appropriated from water development account II to the commission one hundred fifty-five thousand dollars ($155,000.00) 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, 1999. Source notes for subsection (f): (Laws 1996, ch. 59, § 4f.)
(g) Project - Porto Canal Irrigation Project:(i) Project sponsor: Porto Canal Irrigation District;(ii) Project purpose: Irrigation water supply;(iii) Project description: Irrigation pipelines and replacement or repair of irrigation structure and appurtenances necessary to make the project function in the manner intended;(iv) Total project budget: Eight hundred eight thousand dollars ($808,000.00);(v) Project loan: The state of Wyoming shall loan to the sponsor from water development account II 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 twenty-three thousand two hundred dollars ($323,200.00) or forty percent (40%) 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 rate of four percent (4%);(vi) Project grant: The state of Wyoming shall grant to the sponsor from water development account II 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 eighty-four thousand eight hundred dollars ($484,800.00) or sixty percent (60%) of the actual development costs, whichever is less;(vii) Appropriation: There is appropriated from water development account II to the commission eight hundred eight thousand dollars ($808,000.00) 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, 1999. Source notes for subsection (g):