HB0117H3002

This amendment adds a new condition for the LaPrele Irrigation District project requiring that if the project is not state-owned, it must be funded through a fifty-year loan from the permanent Wyoming mineral trust fund at 4% interest.

• Restructures the special conditions for the LaPrele project by adding a new subsection (A) label to existing conditions and inserting a new subsection (B) that establishes an alternative funding mechanism. If the project is not owned by the state, no state funds may be expended; instead, the state shall loan up to $90,000,000 from the permanent Wyoming mineral trust fund to the LaPrele Irrigation District for a 50-year term at 4% annual interest, with a 5-year deferment of principal and interest payments after project completion, then amortization over the remaining 45 years. (Page 59, lines 17-30)

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