Section 99-2-404 - 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 1994, ch. 28, § 4a.)
(b) Project - Antelope Valley Storage Facility Project: (i) Project sponsor: Antelope Valley Improvement and Service District;(ii) Project purpose: Domestic water supply;(iii) Project description: Replacement and enlargement of a storage facility, connection to the Crestview system and appurtenances necessary to make the project function in the manner intended;(iv) Total project budget: Eight hundred fifty thousand dollars ($850,000.00);(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 two hundred eighty thousand five hundred dollars ($280,500.00) or thirty-three percent (33%) of the actual development costs, whichever is less, for a term of twenty-five (25) 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 five hundred sixty-nine thousand five hundred dollars ($569,500.00) or sixty-seven percent (67%) of the actual development costs, whichever is less;(vii) Appropriation: There is appropriated from water development account II to the commission eight hundred fifty thousand dollars ($850,000.00) 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, 1997. Source notes for subsection (b): (Laws 1994, ch. 28, § 4b.)
(c) Project - Dixon Water Supply Project:(i) Project sponsor: Town of Dixon;(ii) Project purpose: Municipal and domestic water supply;(iii) Project description: Diversion structure, infiltration gallery, wet well, pump station and appurtenances necessary to make the project function in the manner intended;(iv) Total project budget: Two hundred fifteen thousand dollars ($215,000.00);(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 thousand nine hundred fifty dollars ($70,950.00) or thirty-three percent (33%) 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 one hundred forty-four thousand fifty dollars ($144,050.00) or sixty-seven percent (67%) of the actual development costs, whichever is less;(vii) Appropriation: There is appropriated from water development account II to the commission two hundred fifteen thousand dollars ($215,000.00) 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, 1997. Source notes for subsection (c): (Laws 1994, ch. 28, § 4c.)
(d) Project - LeClair Lateral Project:(i) Project sponsor: LeClair Irrigation District;(ii) Project purpose: Irrigation water supply;(iii) Project description: Improvements to irrigation laterals and appurtenances necessary to make the project function in the manner intended;(iv) Total project budget: One million five hundred thousand dollars ($1,500,000.00);(v) Project grant: The state of Wyoming shall grant to the sponsor from water development account II through the commission for the purchase of project materials as supported by vendor invoices and approved by the commission an amount not to exceed seven hundred fifty thousand dollars ($750,000.00) or one hundred percent (100%) of said material costs, whichever is less;(vi) Appropriation: There is appropriated from water development account II to the commission seven hundred fifty thousand dollars ($750,000.00) 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;(vii) Special conditions: The sponsor is responsible for all costs related to project design, permit procurement, land procurement, construction engineering and construction of the project. Source notes for subsection (d): (Laws 1994, ch. 28, § 4d.)
(e) Project - Riverton Valley Lateral Project:(i) Project sponsor: Riverton Valley Irrigation District;(ii) Project purpose: Irrigation water supply;(iii) Project description: Improvements to irrigation laterals and appurtenances necessary to make the project function in the manner intended;(iv) Total project budget: Seven hundred thousand dollars ($700,000.00);(v) Project grant: The state of Wyoming shall grant to the sponsor from water development account II through the commission for the purchase of project materials as supported by vendor invoices and approved by the commission an amount not to exceed three hundred fifty thousand dollars ($350,000.00) or one hundred percent (100%) of said material costs, whichever is less;(vi) Appropriation: There is appropriated from water development account II to the commission three hundred fifty thousand dollars ($350,000.00) 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 I on July 1, 1999;(vii) Special conditions: The sponsor is responsible for all costs related to project design, permit procurement, land procurement, construction engineering and construction of the project. Source notes for subsection (e): (Laws 1994, ch. 28, § 4e.)
(f) Project-Sleepy Hollow Well Replacement Project: (i) Project sponsor: Central Campbell County Improvement and Service District;(ii) Project purpose: Domestic water supply;(iii) Project description: Replacement of an existing well and appurtenances necessary to make the project function in the manner intended;(iv) Total project budget: Three hundred seventy-five thousand dollars ($375,000.00);(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 eighty-seven thousand five hundred dollars ($187,500.00) 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 eighty-seven thousand five hundred dollars ($187,500.00) 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 seventy-five thousand dollars ($375,000.00) 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, 1996. Source notes for subsection (f):