41-2-215; Renumbered by Laws 2009, Ch. 168, § 401.

41-2-215; Renumbered by Laws 2009, Ch. 168, § 401.

99-99-216. Definitions.

(a) As used in this act:

(i) "Commission" means the Wyoming water development commission;

(ii) "Department" means the department of economic planning and development [economic development and stabilization board];

(iii) "District" means the Horse Creek conservation district;

(iv) "Project" means the Hawk Springs project under W.S. 41-2-217;

(v) "This act" means W.S. 41-2-216 through 41-2-218.

(Laws 1983, Ch. 70, § 1; Renumbered from 41-2-216 by Laws 2009, Ch. 168, § 401.)

99-99-217. Project components.

(a) The Hawk Springs project consists of the following components:

(i) Necessary repairs to Dam No. 1 on Hawk Springs Reservoir, Goshen County;

(ii) Renovation of the existing delivery system of the district;

(iii) A public recreation area;

(iv) A geological and hydrological review of the project by the department;

(v) Replacement of the existing Horse Creek siphon;

(vi) Lining of the existing canal and, where economically feasible, replacing the canal with buried pipe;

(vii) Installation of necessary public facilities. (Laws 1983, Ch. 70, § 1; Renumbered from 41-2-217 by Laws 2009, Ch. 168, § 401.)

99-99-218. Project financing; terms; conditions; restrictions on sale of water; loan acceleration.

(a) Subject to the conditions in subsection (b) of this section, the construction of the project shall be financed as follows:

(i) A grant to the district through the department not to exceed four million five hundred fifteen thousand dollars ($4,515,000.00), of which two million three hundred thirty thousand dollars ($2,330,000.00) shall be expended only for dam repair and outlet works and two million one hundred eighty-five thousand dollars ($2,185,000.00) for canal repairs. The department shall release grant funds as it deems necessary;

(ii) A loan to the district through the department as authorized in W.S. 9-2-206 [repealed] in an amount not to exceed one million nine hundred seventy-five thousand dollars ($1,975,000.00) to construct the project for a term of fifty (50) years to commence as provided in subparagraph (D) of this paragraph at an annual interest rate of four percent (4%) provided:

(A) No principal or interest is due and payable during the first five (5) years of the term of the loan;

(B) Interest shall not accrue on the principal during the first five (5) years of the term of the loan;

(C) The department shall establish a repayment schedule amortized over the remaining forty-five (45) years of the loan term in accordance with the conditions in this act; and

(D) The loan funds shall be released to the district upon execution of the loan agreement, but the term of the loan for purposes of repayment shall not commence until the project is substantially completed as determined by the department.

(iii) Authorization to the game and fish commission to expend not more than one hundred seventy thousand dollars ($170,000.00) for necessary public facilities for the public recreation area in consultation with the department and the recreation commission [parks and cultural resources commission];

(iv) Authorization to the department to expend not more than sixty thousand dollars ($60,000.00) for a geological and hydrological review of the project under W.S.