Bill > HB0263

This bill establishes a new Local Water System Funding Program to provide financial assistance to cities, towns, and special districts for improving community water and wastewater systems. The State Loan and Investment Board will administer the program, with the ability to borrow up to $50 million annually from the legislative stabilization reserve account. Eligible projects include predevelopment costs, planning assistance, local matching funds, loan repayments, and costs related to joining regional water systems. To qualify, projects must be for systems that charge consumer rates and meet specific criteria, such as being eligible for state or federal water revolving loan accounts or being approved by the legislature. When reviewing applications, the board will consider factors like population, the applicant's ability to pay or repay funds, existing consumer rates, and financial reserves. Recipients must establish or maintain depreciation funds, and the board is required to conduct annual audits and report to legislative committees. The bill also modifies revenue distribution mechanisms to support the program's funding, ensuring a sustainable approach to improving local water infrastructure across Wyoming.

Transportation and Infrastructure

https://www.wyoleg.gov/Legislation/2025/HB0263