Wyoming Administrative Code
Agency 066 - Wyoming Office of Tourism
Sub-Agency 0001 - Film Industry Financial Incentive Program
Chapter 1 - GENERAL PROVISIONS
Section 1-9 - Fund Disbursement and Project Monitoring
Universal Citation: WY Code of Rules 1-9
Current through September 21, 2024
(a) Fund Disbursement. Funds shall be disbursed to the Contractor only as needed to discharge obligations incurred in accordance with the Board approved eligible project costs. Request for disbursement shall be made on a form supplied by Council staff and supported by adequate proof that such an obligation has been incurred for the project purpose and is due and owing.
(b) Fund reversion.
(i)
If the Council staff determines that
the project has not started within
ninety (90) days from the date the
contract is signed, the contract will
automatically expire. Based on
information supplied by the
Contractor, Council staff may grant an
extension of time in which to start
the project.
(ii)
If the Council staff determines that
the project has not been completed
within a reasonable time, Council
staff shall notify the applicant in
writing at least thirty (30) days
prior to presenting the matter for
Board review.
(c) Project Monitoring.
(i)
Audits and inspections. The Council
staff may, at its expense, conduct an
audit of the records of the Contractor
and inspect the progress of the
project.
(ii)
Record retention. Contractor agrees to
retain all records related to the
project for three (3) years following
Council staff's date of notice to
Contractor of closeout of the
contract.
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