Section 99-1-503 - Authorization(a) The commission shall contract with the board for the design, construction and operation of the project in a manner consistent with sections 4 and 5 of this act [§§ 99-1-504 and 99-1-505] and to administer the contract on behalf of the state of Wyoming. If the contract is not completed by July 1, 1996, the funds authorized for loan by this act [§§ 99-1-501 through 99-1-506] shall revert back to the permanent Wyoming mineral trust fund. This contract shall be subject to review by the select water committee.(b) Upon execution of the contract outlined in section 3(a) of this act [§ 99-1-503(a)], the board may design and construct the project in a manner consistent with the terms and conditions outlined in the contract provided for in sections 3(a) and 4 of this act [§§ 99-1-503(a) and 99-1-504] .Laws 1995, ch. 201, §§ 3a, 3b.