Mineral impact assistance to local governments-2.

WORKING DRAFT
2006
STATE OF
WYOMING
06LSO-0383

HOUSE BILL
NO.
HB0164

Mineral impact assistance to local governments-2.

Sponsored by:
Representative(s) Olsen

A BILL

for

AN ACT relating to administration of government; providing for impact assistance to local governments directly impacted by the development of natural gas as specified; providing appropriations; providing for matching mon
ies
; providing for repeal of the act; and providing for an effective date.

Be It Enacted by the Legislature of the State of
Wyoming
:

Section 1.

(a)

There is appropriated to the state loan and investment board amounts as provided by sections 2 and 3 of this act for the purpose of providing grants to cities, towns or counties which are directly impacted by the development of natural gas.

(b)

From the period beginning July 1, 2006 and ending June 30, 2008, a grant may be made to a city, town or county by the state loan and investment board in the same manner and for the same purposes as a grant or loan is made under W.S. 9
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4
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604. The grant shall only be made upon a finding by the board that the city, town or county has been directly impacted by the development of natural gas. Except as otherwise provided by section 3 of this act, no matching funds shall be required.

(c)

Any city or town receiving a grant under this section shall not be eligible to receive any additional loan or grant under W.S. 9
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4
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604(g) during the fiscal year in which the city or town receives the grant. Any county receiving a grant under this section shall not be eligible to receive any additional loan or grant under W.S. 9
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4
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604(h) during the fiscal year in which the county receives the grant.

Section 2.

(a)

There is appropriated from the general fund to the state loan and investment board for the purposes specified in this act the following amounts:

(i)

Effective July 1, 2006, fifty million dollars ($50,000,000.00);

(ii)

Effective July 1, 2007, fifty million dollars ($50,000,000.00).

(b)

Any monies remaining unexpended or unobligated on June 30, 2008 shall revert to the general fund.

Section 3.

(a)

In addition to the appropriation in section 2 of this act, there is appropriated to the state loan and investment board fifteen million dollars ($15,000,000.00) from the general fund to be used in the manner as provided by section 1 of this act. This appropriation is subject to review and approval by the state loan and investment board and the following:

(i)

The funds appropriated under this section shall be retained by the state treasurer and available to the state loan and investment board to provide grants to local governments as provided by section 1 of this act only to the extent that cash or binding commitments from nonstate sources have been received by the state loan and investment board or the local government to match the amount of the grant;

(ii)

The determination as to whether a binding commitment has been received shall be made by the attorney general;

(iii)

Cash or binding commitments shall be received not later than
April 30
, 2008 to be counted as matching funds under this section.

Section 4.

This act is repealed effective July 1, 2008.

Section 5.

This act is effective July 1, 2006.

(END)

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HB0164