37-5-408. Powers; duties; limitations. (Note: this law is repealed by Laws 2019, ch. 34, § 4. effective 7/1/2020.)
(a) The authority has the powers granted by W.S. 37-5-301 through 37-5-307 as necessary to carry out the purposes of this article including the power to hire technical consultants, financial advisors and legal advisors and specifically including the powers granted by W.S. 37-5-304(a)(ii). In addition to the powers otherwise granted to the authority, the authority shall have the power to:
(i) Enter into loan or other agreements with respect to one (1) or more projects upon the terms and conditions the authority considers advisable;
(ii) Make and execute agreements, contracts and other instruments necessary or convenient in the exercise of its powers and functions, including contracts, with any individual, firm, corporation, governmental agency or other entity.
(b) The authority may assess and collect fees that are nonrefundable from applicants seeking to obtain authority financing of a project.
(c) The authority shall maintain such records and accounts of revenues and expenditures as required by the director of the state department of audit. The director or his designee shall conduct an annual financial and legal compliance audit of the accounts of the authority and file copies thereof with the governor and the legislature.
(d) The authority is subject to the requirements of:
(i) W.S. 16-3-101 through 16-3-105;
(ii) W.S. 16-4-201 through 16-4-205; and
(iii) W.S. 16-4-401 through 16-4-408.
(e) The authority shall require that any project owner receiving a loan under this article shall maintain records and accounts relating to receipt and disbursements of loan proceeds, transportation costs and information on energy sales and deliveries and make the records available to the state auditor for inspection.
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