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.
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Ian Shaw
Staff Attorney
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Lynda G. Cook
Staff Attorney
IDS/cj