CASPER, Wyo. — Governor Mark Gordon signed House Bill 04 into law on Tuesday, March 10 which establishes a “Wyoming coal marketing program.”
$1 million is appropriated to fund the program under the bill which will be expended at Gordon’s direction.
“The purpose of the program is to protect and expand Wyoming’s coal markets and coal facilities and to address impacts cities, towns and counties have experienced or will experience due to changes in the coal market,” the bill reads.
The new law will go into effect on July 1, 2020. The governor will be in charge of administering the marketing program.
Funds may only be expended for the following types of projects:
- Projects with a public benefit associated with expanding and protecting Wyoming’s coal markets and coal facilities
- Projects with a public benefit that address impacts cities, towns and counties have experienced or will experience due to changes in the coal market
The state’s attorney general would have to provide a written opinion “certifying the legality of the transaction and all documents connected therewith” before the expenditure of any funds could be authorized.
The governor would be required to report to the Wyoming Legislature’s Joint Minerals, Business and Economic Development Interim Committee by Oct. 1 of each year on any projects under the program.
In addition to the $1 million that would be added to the marketing account, donation and grants could also be added.
“The governor may accept, and shall deposit in the account, any gifts, contributions, donations, grants or federal funds specifically designated for the benefit of the Wyoming coal marketing program or any project funded under the program,” the proposed bill reads.
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