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.