Section 3-2 - Application Information (a) An application for a preference allocation from the general allocation pool shall contain the following information: - (i) General Information:
- (A) the Issuing Authority;
- (B) the date of adoption of the official intent;
- (C) the initial owner or principal user of the project;
- (D) the name, title and address of the person to whom notices should be sent and from whom information can be obtained; and
- (E) the name and address of bond counsel.
- (ii) Project/Program Information, as applicable:
- (A) the amount of the general allocation pool the applicant is requesting be allocated to private activity bonds;
- (B) the nature (by classification under the Act and, if applicable, SIC number) and the location of the project or area of operation of the program;
- (C) benefit of the project/program to the state or local community, the impact of the project/program on other businesses in the state or local community and the ability of the project/program to meet the objectives set forth in Chapter 1, Section 3;
- (D) the present use or conditions of the project site and a statement that the user of the project has obtained a legally enforceable right to acquire the project site;
- (E) a proposed starting date and estimated completion date of construction of the project;
- (F) information relating to the feasibility of the proposed project, showing that the project or the user will generate revenues and cash flow sufficient to make payments to pay debt service on the bonds;
- (G) the amount, source, type and terms and conditions of all capital that will be used for the project in addition to bond financing;
- (H) actions that have been taken in anticipation of the bond issue and the anticipated date of the bond issue:
- (I) an explanation of the impact on the project if the total allocation is not received;
- (J) if the allocation is requested in the same year in which the applicant has already received an allocation, an explanation of why an additional allocation is needed and beneficial to the state or local community, and if an allocation was received in the same or any previous year and the allocation expired or was not fully used, an explanation of why the previous allocation expired before being used or was not fully used;
- (K) if the State of Wyoming, or any of its agencies, may be required to pay or assume responsibility for any debt or financial obligation resulting from the issuance of private activity bonds, as a guarantor, assignee or otherwise, the Issuing Authority applying for the allocation shall include a comprehensive and detailed identification and explanation of all existing debts or financial obligations, for which the State of Wyoming or its agencies may be held liable, and an explanation of how an additional allocation may affect, increase or otherwise impact the State's or state agency's potential liability for said debts or financial obligations. The Governor may request or require that the Issuing Authority provide a plan designed to reduce or eliminate debts or financial obligations, for which the State of Wyoming or its agencies may be held liable. The Governor may limit, deny or otherwise subject any allocation(s) to compliance with the Governor's request for any such plan or adherence to any approved plan;
- (L) statement of the source(s) and use(s) of all funds; and,
- (M) statement of any significant risks to the project or the project's financing and any mitigating factors to those risks.