§ 9-12-1404 — Economic diversification account created; authorized expenditures

Wyoming § 9-12-1404

• Jurisdiction: Wyoming
• Title 09: Administration of the Government
• Ch. 12: WYOMING ECONOMIC DEVELOPMENT ACT
• Art. 14: ECONOMICALLY NEEDED DIVERSITY OPTIONS FOR WYOMING

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(a) There is created an economic diversification account.
All monies in the account are continuously appropriated to the
office of the governor to be used for the purposes of this
article and as otherwise specified by law, including per diem,
mileage and other administrative expenses of the ENDOW executive
council. Notwithstanding W.S. 9-2-1008 and 9-4-207, funds in the
account or subaccounts of the account shall not lapse at the end
of the fiscal period. Interest earned on funds in the account
shall be deposited to the account or appropriate subaccount.
Within the account shall be subaccounts. For accounting and
investment purposes only all subaccounts shall be treated as
separate accounts. The subaccounts are as follows:
(i) The agriculture marketing subaccount. Funds
within this subaccount may be expended as requested by the
Wyoming business council and approved by the governor or his
designee to provide funding for purposes of W.S. 9-12-109 and as
specified by law;
(ii) The broadband development subaccount. Funds
within this subaccount may be expended as requested by the
Wyoming business council and approved by the governor or his
designee to:
(A) Provide funding for agreements entered into
pursuant to W.S. 9-12-1501 through 9-12-1510;
(B) Provide the state's share of any matching
funds required for the state to receive federal funds under any
federal broadband program including, but not limited to, the
broadband equity, access and deployment program established by
the federal Infrastructure Investment and Jobs Act, P.L. 117-58;
135 Stat. 429;
(C) Pay the reasonable administrative expenses
of the Wyoming business council in an amount not to exceed three
hundred thousand dollars ($300,000.00).
(iii) The Wyoming workforce development-priority
economic sector partnership subaccount. Funds within this
subaccount may be expended:
(A) As approved by director of the department of
workforce services for administrative costs incurred by the
department of workforce services associated with administration
of the Wyoming workforce development-priority economic sector
partnership program under W.S. 9-2-2609 through 9-2-2611; and
(B) As approved by the governor or his designee
to provide funding for agreements entered into pursuant to W.S.
9-2-2609 through 9-2-2611;
(iv) The Wyoming research and innovation subaccount.
Funds within this subaccount may be expended as requested by the
Wyoming business council and approved by the governor or his
designee to provide funding for agreements entered into pursuant
to W.S. 9-12-1405;
(v) The "startup:Wyoming" subaccount. Funds within
this subaccount may be expended as requested by the Wyoming
business council and approved by the governor or his designee to
provide funding pursuant to W.S. 9-12-105(b) through (f).
(b) The governor may accept, and shall deposit to the
account, or to the appropriate subaccount within the account,
any gifts, contributions, donations, grants or federal funds
specifically designated for purposes of this article or other
ENDOW related program.