(a) The Board shall consider each application individually, allowing for comments from the applicant, the Superintendent, the State Treasurer, the Director and any other interested parties. For each bond guarantee approved, the Board shall establish the maximum allowable amount of the bond guarantee and any other terms and conditions it finds necessary pursuant to W. S. 9-4-1001(c). Once approved by the Board, each bond guarantee is irreversible until the entire bonded debt has been retired.
060-13 Wyo. Code R. § 13-7