Kan. Admin. Regs. § 98-7-6 - Calculation of charges by water supply access district
The charges to be paid by the lower smoky hill water supply access district shall be determined by the director pursuant to K.S.A. 2012 Supp. 82a-2310 and amendments thereto, which shall include the following:
(a)
The amount necessary to cover the amortized capital costs to the state for
acquisitions of access 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 for Kanopolis reservoir as follows:
(1) One lump sum, up-front payment for
principal and interest paid, or due to be paid, including any interest that 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. 2012 Supp.
82a-2314 and amendments
thereto;
(3) annual principal and
interest payments on revenue bonds issued under authority of the Kansas
development finance authority; or
(4) equal annual installments for a period
not to exceed 20 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, pursuant to
K.S.A.
12-1675a and amendments thereto, to be
adjusted by the office on January 15 of each calendar year of the installment
agreement;
(b) the
amount necessary to cover 100 percent of the annual cost to the state for the
actual operation, maintenance, and major replacement and rehabilitation costs
allocated to the access 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 assuring the continuous
operations of the water access district; and
(d) any additional charges agreed upon by
both parties.
Notes
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