(a) There shall be no lease, sale, assignment or transfer of ownership of water treated
through the project for purposes other than the board's municipal or domestic use
without prior written approval from the commission. If such a transaction is approved, the revenues generated by the lease, sale, assignment
or transfer of ownership of water from the project shall be utilized to retire principal
on any investment of state funds to construct the proposed Natrona County Regional
Water Treatment Project.
(b) There shall be no lease, sale, assignment or transfer of ownership of the project
until the investment described in section 4(a) of this act [§ 99-1-404(a)] is paid in full, and until prior written approval is obtained from the commission. 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
(c) The board shall be responsible for operation and maintenance of the project.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.