This text of Wyoming § 9-12-603 (The application shall be submitted on forms
prescribed by, and subject to rules promulgated by, the Wyoming
business council. In determining whether to recommend a
contract for approval, the Wyoming business council shall
consider if the applicant has demonstrated a business plan,
balance sheet, sufficient cash flow, commitments to sell the
finished product and other indices necessary to demonstrate the
applicant's ability to perform under the contract as determined
by rule and regulation of the Wyoming business council) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
(c)The Wyoming business council shall provide
recommendations for terms and conditions contained in a proposed
contract. The Wyoming business council's recommendations shall
be forwarded to the state loan and investment board for final
consideration of the application.
(d)After an application to participate in the program is
approved by the state loan and investment board, the Wyoming
business council may complete negotiations to contract to supply
not more than twenty percent (20%) of the expected mineral
supply to the facility for the duration of the contract. Total
contract amounts for any one (1) facility shall be set by rule
of the state loan and investment board based on the provisions
of this act and the expected return to the state of Wyoming, but
in no event shall a contract exc
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(c) The Wyoming business council shall provide
recommendations for terms and conditions contained in a proposed
contract. The Wyoming business council's recommendations shall
be forwarded to the state loan and investment board for final
consideration of the application.
(d) After an application to participate in the program is
approved by the state loan and investment board, the Wyoming
business council may complete negotiations to contract to supply
not more than twenty percent (20%) of the expected mineral
supply to the facility for the duration of the contract. Total
contract amounts for any one (1) facility shall be set by rule
of the state loan and investment board based on the provisions
of this act and the expected return to the state of Wyoming, but
in no event shall a contract exceed fifty million dollars
($50,000,000.00).
(e) All complete applications to participate in the
minerals to value added products program established under this
act which conform to the criteria established by this act and
rules and regulations promulgated hereunder, shall be
considered. The Wyoming business council shall review the
application and may communicate directly with the applicant. A
determination by the state loan and investment board to approve
or disapprove an application under this act is not appealable.
(f) If the Wyoming business council receives multiple
applications to enter a contract under the program,
consideration shall be given to whether the applicant has
demonstrated a past record of producing jobs in Wyoming and
whether the applicant has and is likely to maintain a nexus to
the state of Wyoming.