Section 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):Amended by Laws 2020 , ch. 113, § 2, eff. 3/17/2020.Added by Laws 2015 , ch. 23, § 1, eff. 2/25/2015.