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<br />qualified to vote for candidates for Governor at any general election shall be the electors <br />of the Authority. <br /> <br />1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />needed for disbursements within a period of not exceeding six (6) months from date of <br />21 <br />22 billing. All or any portions of the Phase I Project may be acquired or constructed by the <br />23 Authority, save and except reclamation/ reuse projects which shall be subject to further <br />24 agreement by the Agencies. The Authority shall have the power to design, construct, <br />25 maintain and operate Skywest Irrigation Project and to acquire and maintain rights of <br />26 way therefore. <br /> <br />Section 10. Phase I Proiect <br />All Agencies have, by previous agreement, agreed to the preparation of the <br />Project Report for the Phase I Project. Only by approval by the Commission of the <br />Project Report may the Authority proceed with the preparation of plans and <br />specifications for said Project. Only by the approval by the Commission of said plans <br />and specifications may the Authority call for construction bids for any portion of said <br />Project. Upon approval by the Commission of the plans and specifications for the <br />Phase I Project, each Agency agrees to take the necessary steps to obtain funds to <br />bear its share of the cost of the Phase I Project. Upon certification from each Agency of <br />the availability of its share of the projected cash flow requirements of the Phase I <br />Project or the Authority's approval of an Agency's request to issue revenue bonds for <br />the Agency's share of the projected cash flow requirements, the Authority may award <br />construction contracts and proceed with the construction of the Phase I Project. <br />Funds required by the Authority for the Phase I Project will be payable by the <br />Agencies on demand and shall be paid by each Agency within thirty (30) days of billing. <br />The Authority's billing shall certify that the funds received pursuant to the billing will be <br /> <br />27 <br />28 Section 11. Ownership of Joint Facilities <br />29 The Authority shall own and hold title to the Joint Facilities. Each Agency shall <br />30 own an undivided portion of the Authority equal to the percentage of the Project Cost of <br />31 the Joint Facilities paid for by it as provided in Schedule A. <br />32 <br /> <br />-15- <br />