Section 99-1-405 - Terms; management plan; restriction on sale of water and the project(a) There shall be no lease, sale, assignment or transfer of ownership of water treated through the project for purposes other than the board's municipal or domestic use without prior written approval from the commission. If such a transaction is approved, the revenues generated by the lease, sale, assignment or transfer of ownership of water from the project shall be utilized to retire principal on any investment of state funds to construct the proposed Natrona County Regional Water Treatment Project.(b) There shall be no lease, sale, assignment or transfer of ownership of the project until the investment described in section 4(a) of this act [§ 99-1-404(a) ] is paid in full, and until prior written approval is obtained from the commission. Before the board may lease, sell, assign or transfer ownership of the project, the state of Wyoming shall be given a one (1) year first right of refusal option to purchase the board's interest in the project for an amount equal to the principal, interest, maintenance and replacement costs incurred by the board at the date the option is exercised.(c) The board shall be responsible for operation and maintenance of the project.Laws 1995, ch. 194, §§ 5a, 5b, 5c.