Bill No.: HB0151 Drafter: MQ
LSO No.: 11LSO-0375 Effective Date: 7/1/2011
Enrolled Act No.: HEA0053
Chapter No.: 109
Prime Sponsor: Representative Semlek
Catch Title: Hydro-power development.
Subject: Authorizes the state loan and investment board to make loans for hydro-power development.
Summary/Major Elements:
● Authorizes the state loan and investment board (SLIB) to make loans for hydro-power development.
● The loans may be made to municipalities, irrigation districts and special districts.
● Limits the loan to $10 million for a term of up to 30 years at an interest rate of 4% to 6%.
● Requires the Wyoming water development commission to conduct a feasibility study for each loan application.
● Loans are to be made from the permanent funds of the state.