Wyo. Code R. 060-0003-1
Loan and Investment Board
Chapter 1: Prac & Proc Before the Board
Effective Date: 04/28/1993 to 02/06/1998
Rule Type: Superceded Rules & Regulations
Reference Number: 060.0003.1.04281993
Date Filed 04/28/93
Expr Date
Supr Date
Repeal Date
Document Type RULES
FARM LOAN BOARD
Section 1. Authority. These rules are promulgated under the authority granted by W.S. 11-34-103(a).
Section 2. Definitions. For purposes of this chapter, the following definitions apply:
(a) 'Board' means the Farm Loan Board.
(b) 'Board matter' means a proposed agency action presented to the Board for its approval, disapproval, or other disposition.
(c) 'Chairman' means the presiding officer of a meeting of the Board.
(d) 'Director' means the Director of the State Land and Farm Loan Office
Section 3. Meetings.
(a) The Board shall meet regularly on the first Thursday of each month to consider all matters pertaining to farm loans, water development loans, joint power loans, emergency mineral royalty and/or coal impact tax grants, and all routine business. A regular meeting may be postponed or cancelled by the President of the Board.
(b) The Board shall meet regularly on the third Thursday of each January and July to consider applications for Mineral Royalty Grants.
(c) The Board shall meet regularly on the third Thursday of each October to consider applications for Coal Tax Grants.
(d) Special meetings may be called by the President of the Board upon proper notice to the Director and the other members of the Board and compliance with W.S. 16-4-404 of the Public Meetings Act.
(e) The President of the Board shall be the Chairman; or if the President is not in attendance, the Secretary of State; or if both the President and the Secretary of State are not in attendance, the State Auditor.
(1) Three members of the Board shall constitute a
quorum. No agency action shall be taken in absence of a quorum.
(a) The Director shall prepare the agenda for meetings of the Board, compile all board matters to be presented to the Board, and deliver the agenda and board matters to each member of the Board at least 5 days prior to the meeting.
(b) The Chairman may modify the sequence of the agenda at the meeting.
(a) The Director shall prepare a board matter, containing sufficient information to aid the Board's decision, for each agency action to be considered by the Board.
(b) Any member of the Board may instruct the Director to prepare and present a board matter to the Board for its consideration.
(c) All board matters shall contain a recommendation from the Director for Board action.
(d) Any person may request the Director to place an issue on the agenda for consideration by the Board by supplying the Director with all relevant information at least 10 days before the meeting.
(e) All board matters not stamped 'confidential' shall be made available for public inspection at the time they are distributed to the Board members.
(a) Pursuant to W.S. 16-3-107 (k), any interested person may appear before the Board on a matter being considered by the Board.
(b) To preserve the orderly conduct of public business, the Chairman may limit the time and nature of the appearance.
Section 7. Counsel for the Board. The Director shall request the Attorney General or his designated assistant to attend all meetings of the Board and act as the Board's legal advisor. The Director shall give a copy of all board matters to be considered to the Attorney General or his designated assistant at least five days before the meeting.
Section 8. Confidential Records. All applications for farm loans and water development loans shall be held confidential by the Board and its staff until the application is considered by the Board for approval or rejection. Upon approval of a loan, the application shall become a public record, as defined in W.S. 16-