085-1 Wyo. Code R. § 1-7
(a) After an application to participate in the program is approved by Board, the Council may complete negotiations to contract to supply not more than twenty percent (20%) of the expected mineral supply to the facility for the duration of the contract. Total contract amounts for any one (1) facility shall be set by rule of the Board based on the provisions of the act and the expected return to the state of Wyoming, but in no event shall a contract exceed fifty million dollars ($50,000,000)
(b) The proposed contract shall be submitted to the Council for review and determination under the process set forth in W.S. 9-12-601 through 9-12-603;
(c) The Council's recommendations shall be forwarded to the Board for final consideration of the contract;
(d) The Applicant is required to close the contract within six (6) months of the final approval of state Board. The Applicant may request an extension of the closing deadline in writing and must demonstrate good cause why the deadline should not apply and why a new deadline should be set. The Board may agree to extend the closing deadline. In no event will Board provide an extension which would allow the loan or loan guarantee to close more than one (1) year after the final approval without resubmitting the request to the Council and the approval of the Board.
085-1 Wyo. Code R. § 1-7
Adopted, Eff. 1/27/2016.