Administrative Rule Review Report  #AR12-022

Legislative Service Office

17-Apr-12

 

AGENCY:                                       Office of State Lands and Investments

 

DATE SUBMITTED:                     4/17/2012

 

SUBJECT:                                       Chapter 2, Wyoming Joint Powers Act Loans; Chapter 11,  Clean Water State Revolving Fund (CWSRF); Chapter 16, Drinking Water State Revolving Fund (DWSRF)

 

NATURE OF RULES:                   Legislative and procedural

 

STATUTORY AUTHORITY:        W.S. 16-1-203 and 16-1-303

 

DETERMINATION OF PROCEDURAL COMPLIANCE BASED UPON INFORMATION

SUBMITTED BY THE AGENCY TO LSO:  Apparently complete to date.  No comments were received by the Agency during the comment period.

 

SUMMARY OF RULES:  These rules amend the State Lands and Investment Boards' rules related to State Clean Water Revolving Fund Loans and the State Drinking Water Revolving Account.  The rules change the formal names of the two types of loans available and assign names to the various parts of the loan application process.  The rules extend the time limits for submitting and modifying loan application materials.  Applicants must file their financial reports by September 10th in order to be considered at the Board's October meeting.  The rules specify conditions under which an application will not be considered and impose new requirements related to using assessments as part of a dedicated source of loan repayment.

 

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

 

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

 

 

                                                                        _______________________

                                                                        Ian Shaw

                                                                        Staff Attorney

 

 

                                                                        _______________________

                                                                        Lynda G. Cook

                                                                        Staff Attorney

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