§ 9-26-103 — Enhanced oil recovery stimulus; administration; reporting

Wyoming § 9-26-103

• Jurisdiction: Wyoming
• Title 09: Administration of the Government
• Ch. 26: CARBON DIOXIDE AND ENHANCED OIL RECOVERY STIMULUS

Text

(a) The authority shall administer the stimulus and shall
ensure that each carbon dioxide provider applying to receive a
stimulus meets all qualifications under this chapter before
receiving a stimulus. The authority shall promulgate all rules
necessary to implement the stimulus program.
(b) Upon determining each carbon dioxide provider's
eligibility to receive a stimulus, the authority shall report
the eligibility to the governor and the state auditor. Upon
receiving a report from the authority, the state auditor shall
disburse funds from the enhanced oil recovery stimulus account
established in W.S. 9-26-104 to the carbon dioxide provider in
an amount equal to the stimulus to which the provider is
entitled under this chapter.
(c) Not later than November 1 of each year, the authority
shall report to the joint revenue interim committee and the
joint minerals, business and economic development interim
committee on the amount of stimulus funds paid from the enhanced
oil recovery stimulus account for the immediately preceding
fiscal year and any associated revenue impacts from the stimulus
payments.