Wyoming § 9-20-104 Wyoming mineral to value added product program
account; purpose; creation; rulemaking

Wyoming Statutes

§ 9-20-104 — Wyoming mineral to value added product program account; purpose; creation; rulemaking

Wyoming § 9-20-104

Title 09Administration of the Government

Ch. 20WYOMING MINERALS TO VALUE ADDED PRODUCTS PROGRAM

This text of Wyoming § 9-20-104 (Wyoming mineral to value added product program account; purpose; creation; rulemaking) 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.

Bluebook

Wyo. Stat. Ann. § 9-20-104 (2026).

Text

(a)There is created a minerals to value added products program account. Funds in the account shall be used exclusively to promote minerals to value added products facilities as provided in this act.

(b)Funds appropriated by the legislature for the program shall be deposited into the account. All funds in the account are continuously appropriated for contracts and other expenses authorized under this act. The total principal balance of outstanding contracts shall not exceed the amounts appropriated by the legislature plus revenues accrued and collected less any losses, currently available in the account.

(c)Any unexpended balance in the account shall be invested by the state treasurer and the interest earned shall be credited to the account.

(d)Revenues generated from any contract enter

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(a) There is created a minerals to value added products
program account. Funds in the account shall be used exclusively
to promote minerals to value added products facilities as
provided in this act.
(b) Funds appropriated by the legislature for the program
shall be deposited into the account. All funds in the account
are continuously appropriated for contracts and other expenses
authorized under this act. The total principal balance of
outstanding contracts shall not exceed the amounts appropriated
by the legislature plus revenues accrued and collected less any
losses, currently available in the account.
(c) Any unexpended balance in the account shall be
invested by the state treasurer and the interest earned shall be
credited to the account.
(d) Revenues generated from any contract entered into
under this act shall be deposited into the account and
continuously appropriated to the Wyoming business council to be
expended solely for the purpose of administering this act and
contracts authorized hereunder, except as provided in subsection
(e) of this section.
(e) The Wyoming business council shall report by November
1 of each year to the joint appropriations committee and the
joint minerals, business and economic development interim
committee on the status and condition of the program and the
account. The report required under this subsection, and all its
contents, shall be a public record. In addition to factors
listed in this subsection, the Wyoming business council's report
shall include the account fund balance and anticipated potential
expenditures, including contracts, under the program for the
next three (3) fiscal years, respectively. The joint
appropriations committee shall then determine whether to
introduce legislation to appropriate a portion, or all, of the
funds in the account for purposes other than the program. The
report shall further include:
(i) A review of rules adopted by the Wyoming business
council or state loan and investment board during the reporting
period;
(ii) The portfolio of contracts entered into under
the program;
(iii) A risk analysis of the portfolio;
(iv) Any other relevant information as determined by
the state loan and investment board or the Wyoming business
council.