The bill amends the funding provisions for the LaPrele Dam Rehabilitation project in Wyoming, significantly increasing the project's budget and grant amount. The total project budget is raised from $118 million to $182 million, while the state grant provided to the project sponsor is increased from $30 million to $90 million, or 100% of the actual development costs, whichever is less. Additionally, the bill appropriates $60 million from the water development account II to the commission for the project's execution and stipulates that any unexpended funds will revert to the legislative stabilization reserve account by July 1, 2032.

Furthermore, the bill includes a provision to transfer $60 million from the legislative stabilization reserve account to the water development account II, ensuring that adequate funding is available for the project. The act is set to take effect immediately upon the completion of all necessary legislative procedures as outlined in the Wyoming Constitution.

Statutes affected:
Introduced: 99-3-2904