99-1-204(a)]. After the loans are paid in full the board shall

99-1-204(a)]. After the loans are paid in full the board shall receive twenty-five percent (25%) of the revenues generated by the lease, sale, assignment or transfer of ownership of water from the project and the state of Wyoming shall receive seventy-five percent (75%) of the revenues generated by the lease, sale, assignment or transfer of ownership of water from the project.

(b) There shall be no lease, sale, assignment or transfer of ownership of the project until the loans described in Section 4(a) [§ 99-1-204(a)] are paid in full, and until prior written approval is obtained from the commission. If these conditions are met, the board shall receive twenty-five percent (25%) and the state of Wyoming shall receive seventy-five percent (75%) of the revenues generated by the lease, sale, assignment or transfer of ownership of the project. Before the board may lease, sell, assign or transfer ownership of the project, the state of Wyoming shall be given a one (1) year first right of refusal option to purchase the board's interest in the project for an amount equal to the principal, interest, maintenance and replacement costs incurred by the board at the date the option is exercised.

(c) After the loans described in Section 4(a) of this act [§ 99-1-204(a)] are paid in full, the board may purchase the position of the state of Wyoming, as described in subsections (a) and (b) of this section, for the amount of the grant described in Section 4(b) of this act [§ 99-1-204(b)] plus the interest that would have accrued on the grant amount in the water development account from the date the project was substantially completed as defined by the commission. The interest that would have accrued on the grant amount shall be established by the state auditor.

(d) Any revenues generated by the state from the lease, sale, assignment or transfer of ownership of project water or the project itself shall be deposited in Wyoming water development account I.

(e) The board shall be responsible for operation and maintenance of the project. (Laws 1989, ch. 131, §§ 5a, 5b, 5c, 5d, 5e; 1990, ch. 77, § 1.)

99-1-206. Project appropriation.

There is appropriated from water development account I to the commission thirty-seven million two hundred six thousand dollars ($37,206,000.00) or as much thereof as is necessary to carry out the purpose of this act [§§ 99-1-201 through 99-1-206]. Unexpended funds appropriated under this section shall revert to the water development account I on July 1, 1999. (Laws 1989, ch. 131, § 6; 1990, ch. 77, § 1; 1993, ch. 89, § 5; 1996, ch. 59, § 6.)

ARTICLE 3 - ROCK SPRINGS/GREEN RIVER AREA WATER SUPPLY PROJECT

99-1-301. Definitions.

(a) As used in this act [§§ 99-1-301 through 99-1-306]:

(i) "Board" means the City of Green River, Wyoming-City of Rock Springs, Wyoming-Sweetwater County, State of Wyoming joint powers water board;

(ii) "Commission" means the Wyoming water development commission;  (iii) "Project" means the Rock Springs/Green River area water supply project as described in Section 2 of this act [§ 99-1-302];

(iv) "Water development account I" means the account created by W.S. 41-2-124(a)(i). (Laws 1990, ch. 83, § 1.)

99-1-302. Project Components.

(a) The Rock Springs/Green River area water supply project consists of the following components:

(i) A diversion structure and intake facility;

(ii) A primary transmission pipeline from the existing water treatment plant in Green River, Wyoming to Rock Springs, Wyoming;

(iii) Secondary transmission pipelines to serve the Rock Springs and Green River areas;

(iv) Repealed by Laws 1994, ch. 28, § 11.

(v) Storage reservoirs; and

(vi) Miscellaneous piping, valves, pumping facilities and appurtenances necessary to make the project complete and function in the manner intended. (Laws 1990, ch. 83, § 2a; 1994, ch. 28, § 11.)

99-1-303. Authorization.

(a) The commission shall contract with the board for the design, permit procurement, construction and operation of the project in a manner consistent with Sections 4 and 5 of this act [§§ 99-1-304 and 99-1-305] and to administer the contract on behalf of the state of Wyoming. If the contract is not executed by July 1, 1991, the funds appropriated under this act shall revert to water development account I.

(b) Upon execution of the contract outlined in Section 3(a) [§ 99-1-303(a)], the board may design, procure permits, construct and operate 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 [§§ 99-1-303(a) and