085-1 Wyo. Code R. §§ 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.
Notes
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