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<br />a <br />..1\. <br /> <br />10 <br />11 <br /> <br />12 <br /> <br />- <br /> <br />13 <br />14 <br /> <br />15 <br />16 <br /> <br />1 <br />2 <br /> <br />such loan shall be determined by the department but shall not <br /> <br />exceed thirty years or the life of the facility, whichever is <br /> <br />3 <br /> <br />less. <br /> <br />4 <br />5 <br /> <br />(3) Any contract entered into pursuant to this part 8 <br />shall include an estimate of the reasonable cost of the <br /> <br />6' <br /> <br />project as determined by the department and shall' also <br /> <br />7 <br /> <br />include, but not be limited to, provisions which require the <br /> <br />8 <br /> <br />political subdivision to: <br /> <br />9 <br /> <br />(a). Proceed expeditiously to complete the project <br /> <br />pursuant to all applicable state laws; <br /> <br />(b) Not discontinue operation of the domestic wastewater <br /> <br />treatment works or potable water treatment facility without <br /> <br />prior approval of the department; and <br /> <br />(c) Provide for the payment of its share of the project. <br /> <br /> <br />25-8-804. Control of projects - contractual powers of <br /> <br /> <br />department. The state shall have the ownership and control of <br /> <br />17 that portion of a project which is identified in the project <br /> <br />18 contract and which is sufficient to assure repayment of funds <br /> <br /> <br />19 made available in the form of a loan pursuant to this part 8. <br /> <br />20 Upon any default in payment; the department is empowered to <br /> <br />21 enter into contracts which are, in its opinion, necessary for <br /> <br />22 the maintenance and continued operation of such project.' <br /> <br />23 <br /> <br />24 <br /> <br />25-8-805. Wastewater <br /> <br />potable water. project <br /> <br />and <br /> <br />construction fund - creation and nature of fund. <br /> <br />There is <br /> <br />25 hereby created in the office of state treasurer a fund to be <br />26 known as the wastewater and potable water project construction <br /> <br />- <br /> <br />-5- <br /> <br />134 <br /> <br />L <br />; <br />.., <br />.' _~ t- ...; <br /> <br />'~" . <br />." :' <br /> <br />"-~ <br /> <br />.- ~. ,......, <br /> <br />., <br /> <br />.1 <br /> <br />, <br />.... <br />.., <br /> <br />~ <br />~~-- 04!1 <br />~ <br />tl" <br />~.""" <br />~ ". <br />~,.'.""""i. <br />.,":. \', , <br /> <br />,'. :o! <br /> <br />~'.";'...'.'" <br />C .. <br /> <br />"_ J '.:~:;' <br /> <br />