(a)Subject to the terms and conditions of this section,
the University of Wyoming board of trustees is authorized to
acquire the facility housing the national center for atmospheric
research supercomputer center constructed and operated in
accordance with the memorandum of understanding and final
contract entered into pursuant to 2007 Wyoming Session Laws,
Chapter 136, Section 336. The acquisition may be made by:
(i)Pursuant to subsection (b) of this section
notwithstanding W.S. 21-17-408(b), pledging and, as required,
using federal mineral royalties distributed to the university
pursuant to W.S. 9-4-601(a)(iv) to fund the principal amount and
accrued interest remaining to be paid on industrial development
revenue bonds issued by Laramie County, Wyoming, and purchased
by the state treasu
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(a) Subject to the terms and conditions of this section,
the University of Wyoming board of trustees is authorized to
acquire the facility housing the national center for atmospheric
research supercomputer center constructed and operated in
accordance with the memorandum of understanding and final
contract entered into pursuant to 2007 Wyoming Session Laws,
Chapter 136, Section 336. The acquisition may be made by:
(i) Pursuant to subsection (b) of this section
notwithstanding W.S. 21-17-408(b), pledging and, as required,
using federal mineral royalties distributed to the university
pursuant to W.S. 9-4-601(a)(iv) to fund the principal amount and
accrued interest remaining to be paid on industrial development
revenue bonds issued by Laramie County, Wyoming, and purchased
by the state treasurer to fund the construction of the center
facility; or
(ii) Pursuant to subsection (c) of this section, the
issuance of revenue bonds under the University Securities Law,
W.S. 21-17-402 through 21-17-450.
(b) Any action taken by the board pursuant to paragraph
(a)(i) or (ii) of this section shall be subject to the following
terms and conditions:
(i) All final agreements have been executed for
construction and operation of the center as required in 2007
Wyoming Session Laws, Chapter 136, Section 336(d);
(ii) The final agreements in paragraph (i) of this
subsection include binding provisions as follows:
(A) If the national science foundation ceases to
fund the center on or after July 1, 2019, the national center
for atmospheric research shall provide written notice to the
University of Wyoming at least one (1) year in advance of the
date upon which funding will cease;
(B) If the national science foundation ceases to
fund the center as provided in subparagraph (A) of this
paragraph, the university consortium for atmospheric research,
which is the parent organization for the national center for
atmospheric research, shall transfer ownership of all its
interest in the center to the University of Wyoming so that the
university holds one hundred percent (100%) ownership interest
in the center facility.
(c) If the national science foundation ceases to fund the
center as provided in subparagraph (b)(ii)(A) of this section,
to the extent the board of trustees determines that the issuance
of revenue bonds under the University Securities Law may more
economically or otherwise better accomplish the purposes of this
section, and no other source of revenue other than the pledge
under paragraph (a)(i) of this section has been committed to
meet the repayment obligations required by the industrial
development revenue bonds, the board may issue its revenue bonds
to repay the industrial development revenue bonds if the state
treasurer still owns them.
(d) The university shall report any notification from the
national center for atmospheric research under subparagraph
(b)(ii)(A) of this section to the governor, state treasurer,
joint appropriations interim committee and joint minerals,
business and economic development interim committee of the
legislature.