Statutes, codes, and regulations
Wyoming Administrative Code
Agency 023 - Public Service CommissionSubagency 0002 - Public Service Commission Rules
Chapter 5 - WYOMING UNIVERSAL SERVICE FUND
Section 5-2 - General Administration of the Fund

023-5 Wyo. Code R. § 5-2

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Current through April 27, 2019
Section 5-2 - General Administration of the Fund

(a) In administering the Fund pursuant to Wyoming Statute § 37-15-501 et seq., the Commission may arrange for the services of a Fund Manager who shall perform routine collection, distribution and other activities related to the Fund, subject to the oversight and direction of the Commission. The Fund Manager's compensation and expenses directly related to the administration of the Fund shall be incorporated into the required Fund contributions and paid from the Fund;

(b) The Fund shall be audited by an independent accountant not affiliated with the Fund Manager at least once every three years. Expenses related to audits shall be included in the administrative cost of the Fund and shall be incorporated in the required contributions and paid from the Fund. The independent accountant shall be selected by the Commission under all applicable procurement rules. No accountant shall be eligible to perform more than three consecutive audits;

(c) No later than October 1st of each year, the Commission shall issue a public report that summarizes the preceding year's activity and includes:

  • (i) A statement of collected assessments and distributions from the Fund;
  • (ii) A record of total cost of Fund administration; and
  • (iii) Non-confidential audit reports and recommendations provided by the independent accountant referenced in subsection (b).

023-5 Wyo. Code R. § 5-2

Adopted, Eff. 3/21/2016.

Amended, Eff. 4/16/2018.