085-1 Wyo. Code R. § 1-5

Current through April 27, 2019
Section 1-5 - Proposal Review and Approval Process; Due Diligence

(a) Any commercial scale minerals to value added products facility shall first submit a proposal to the governor. The governor may provide recommendations for the size and parameters of the proposed contract.

(b) An application to participate in the program shall then be submitted to and reviewed by the Council under the process set forth in W.S. 9-12-601 through 9-12-603.

(c) The Council shall provide recommendations for terms and conditions contained in a proposed contract. The Council's recommendations shall be forwarded to the Board for final consideration of the application.

(d) Attorney General's Office. The Attorney General's Office shall provide a written opinion certifying the legality of the transaction and all documents.

(e) The Governor, Council or Board is authorized to employ such experts as necessary to fully evaluate an application and negotiate the terms and conditions of a contract under the act. If experts are retained, the cost for the experts shall be paid by the applicant.

(f) The Council may contract with such experts as necessary to assist in determining proof of performance of its obligations under any contract entered into, including assistance with feed stock purchases and the sale of value added products.

(g) Material change or new information. After Board's final approval of application/project the Council may request from the applicant any materials or . information the Council deems necessary to create a contract.

085-1 Wyo. Code R. § 1-5

Adopted, Eff. 1/27/2016.