Kan. Admin. Regs. § 98-6-4 - Calculation of charges
The charges to be paid by the district shall be determined by the director as provided in K.S.A. 82a-1345 and amendments thereto, which shall include the following:
(a) The amount
necessary to cover the amortized capital costs to the state for acquisitions of
assurance storage capacity from the federal government necessary to meet the
requirements of the operations agreement. The amortized capital costs to the
state shall be determined on an individual reservoir basis for reservoirs in
the designated basin in which the assurance district is formed as follows:
(1) One lump sum, up-front payment for
principal and interest paid, or due to be paid, including any interest which
has accumulated through the date of commencement of operations of storage space
under the operations agreement;
(2)
annual principal and interest payments on revenue bonds issued by the state
pursuant to
K.S.A. 82a-1360 et seq. and amendments
thereto;
(3) annual principal and
interest payments on revenue bonds issued under authority of the Kansas
development finance authority;
(4)
equal annual installments for a period not to exceed 10 years for any equity
that the state may already have in conservation water supply storage capacity
with interest based on a five-year average of the published one-year investment
rate for public funds of the pooled money investment board of the state of
Kansas, as provided in
K.S.A. 12-1675a(g) and amendments
thereto, to be adjusted by the office on January 15 of each calendar year of
the installment agreement; and
(5)
equal annual installments for future use conservation water supply storage
capacity called into service by the state under contracts with the army corps
of engineers, under the same cost repayment conditions available to the state
under those contracts;
(b) the amount necessary to cover 100% of the
annual cost to the state for the actual operation, maintenance, major
replacement, and rehabilitation costs allocated to the assurance storage
capacity necessary to meet the requirements of the operations
agreement;
(c) the amount necessary
to cover the annual costs to the state for administration and enforcement of
laws and agreements associated with ensuring the continuous operations of the
water assurance district; and
(d)
any additional charges agreed upon by both parties.
Notes
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