(a) A board of county commissioners may nominate an area within its jurisdiction as an industrial sovereign zone. Two (2) or more counties may jointly nominate a contiguous or related area as a single sovereign zone. Each county shall adopt a formal resolution approving the nomination of an industrial sovereign zone under this subsection. Nominations under this section shall be made in the form required by the authority and shall include: (i) A defined geographic boundary describing the nominated industrial sovereign zone; (ii) Evidence of access to natural gas resources; (iii) Information required by the authority to evaluate the suitability of the area for the production of value-added manufactured products under this article. (b) The authority shall establish an industrial sovereign zone in an area nominated as an industrial sovereign zone under subsection (a) of this section if the authority determines there is an opportunity for the production and distribution of value- added manufactured products due to a reduced price paid for sales of natural gas in that area or other factors determined by the authority. The authority may modify the boundaries of an industrial sovereign zone by decreasing the size of the zone as determined necessary by the authority. The boundaries of an industrial sovereign zone shall not be enlarged unless each affected county formally consents to the enlargement of the zone outside of the boundaries defined in the nomination under subsection (a) of this section. (c) For any industrial sovereign zone established under subsection (b) of this section, the following shall apply: (i) Any person seeking to establish a facility for the production of a value-added manufactured product in the industrial sovereign zone: (A) May apply to the authority for assistance in establishing the facility including, without limitation, identification and assistance in complying with state licensing applications or requirements; (B) Shall be eligible for the expedited permit process as provided by W.S. 35-11-109(a)(xvi). (ii) If a facility is established for the production of a value-added manufactured product in the zone, machinery sold or purchased for use in the facility shall be eligible for the tax exemptions under W.S. 39-15-105(a)(viii)(O)(V) and 39- 16-105(a)(viii)(D)(V).
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