Administrative Rule Review Report         #   AR10-069

Legislative Service Office

04-Oct-10

AGENCY:                                 Wyoming Business Council

DATE SUBMITTED:                   9/29/2010

SUBJECT:                                 Chapter 2, Wyoming Small Business Investment Credit

                                                Program Fee Schedule.

NATURE OF RULES:                                    Legislative

STATUTORY AUTHORITY:            W.S. 9-12-104(a)(iv), 9-12-1303(b(i) and 9-12-1308(b).

DETERMINATION OF PROCEDURAL COMPLIANCE BASED UPON INFORMATION SUBMITTED BY THE AGENCY TO LSO:  Notice of the proposed adoption of new rules was provided by the LSO as required by W.S. 28‑9‑103(d).  No comments have been received to date.  Otherwise, procedural compliance is apparently complete to date.

SUMMARY OF RULES:        These new rules are being promulgated to implement the fee schedule for the small business investment credit program as a result of 2010 House Bill 0106.  These rules provide for an application fee and a certification fee schedule for Wyoming small business investment companies.

FINDINGS:  The rules appear to be within the scope of statutory authority and legislative intent

 

STAFF RECOMMENDATION:  That the rules be placed on the Consent List and be approved by the Council as submitted by the Agency.

 

 

 

                                                            _______________________

                                                            John H. Rivera

                                                            Senior Staff Attorney

 

 

                                                            _______________________

                                                            Lynda G. Cook

                                                            Staff Attorney

JHR/cb