§ 21-18-407 — College program grant funds; distribution by community college commission; matching funds requirements

(a) From monies within the Wyoming works program account
the commission shall distribute to colleges funds for instructor
positions and to acquire instructional and resource materials
and classroom equipment necessary to support the Wyoming works
program. The community colleges may collaborate on the use of
funds received from the Wyoming works program account, including
entering into consortium agreements for operation of credential
programs.
(b) Funds distributed under this section shall be subject
to the following:
(i) The funds shall be designated as Wyoming works
program funding, accounted for separately from funding provided
under the allocation model under W.S. 21-18-205(c) and special
purpose funding under W.S. 21-18-205(e) and shall not be
transferred to or expended for any other purpose;
(ii) The funds shall be expended only for credential
programs approved by the commission. The commission shall
develop by rule criteria under which to approve credential
programs and to determine the amount of funding provided. The
process for approving programs for funding shall reflect the
primary goals of the Wyoming works program to develop technical
skills most in demand in a college's service area or colleges'
combined service areas and to fund programs which are most able
to immediately respond to that demand by making grant funds
available to students able to acquire the credential needed. The
criteria for funding amounts shall include, at a minimum, the
need for the program in the community, the region's workforce
needs and the contribution of the program to the state's overall
economic development. Priority shall be given to programs
developed and delivered through consortiums and partnerships of
colleges, to those programs which, based upon enrollment and
projected enrollment, are most able to respond to industry
training needs in the community and region. Colleges shall make
application for funding of credential programs to the commission
at times determined by rule of the commission;
(iii) Funds shall only be distributed if matched in
the ratio of two dollars ($2.00) of Wyoming works program
account funds to not less than one dollar ($1.00) of matching
nonstate funds. The commission shall distribute matching funds
at the time any accumulated matching funds actually received by
or pledged to the community college or consortium of community
colleges total ten thousand dollars ($10,000.00) or more.
Matching nonstate funds under this paragraph include but are not
limited to the following:
(A) Cash or cash equivalents;
(B) The fair market value, as determined by the
commission, of in-kind donations of facilities, equipment or
services to support approved credential programs, including
donations actually received prior to the effective date of this
section but after June 30, 2018.
(iv) Any amount of funding distributed under this
section which remains unexpended or unencumbered at the end of
the biennial budget period for which it was distributed shall
revert to the Wyoming works program account.