reglab/statecodes huggingface dataset:
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 13 - SCHOOL DISTRICT BOND GUARANTEE PROGRAM › Section 13-6 - Application Procedure

Current through July 13, 2024
(a) Applications. A
				separate application shall be prepared for each bond issue that an applicant
				wants the Board to consider for guarantee. Applicants shall submit five (5)
				copies of their completed application to the Office. A completed Application
				for Bond Guarantee form, as provided to applicants by the Office, shall be
				included with each application.
(b)
				Timing of Applications. Applications for bond guarantees may be filed with the
				Office at any time and may be presented for Board consideration at any regular
				monthly meeting, or any special meeting, of the Board.
(c) Information Required for All
				Applications. If the principal amount of the bond issue is less than $5
				million, the applicant shall submit a letter or other written confirmation that
				the issue is investment grade or better from one or more nationally recognized
				bond rating agencies as designated by the Board. If the principal amount of the
				bond issue is $5 million or greater, the applicant shall submit a letter or
				other written confirmation that the issue has received a stand-alone bond
				rating of investment grade or better from one or more nationally recognized
				bond rating agencies as designated by the Board. Districts shall be responsible
				for paying any rating agency fee.
(i) All
				applicants shall also provide the following information:
(A) The amount and purpose of the bond
				issue;
(B) The district's need for
				the bond issue;
(C) How the need is
				assessed in the Department of Education's annual needs assessment under
				W.S.
				21-15-107;
(D) Whether the district would likely remain
				within constitutional debt limits after the issue, including a listing of all
				outstanding debt and associated debt service schedules;
(E) Whether the guarantee would likely result
				in reduced costs and an estimate of the cost savings.
(F) A financial statement describing the
				district's overall financial status and stability.
(G) The status of the accreditation of the
				district by the Department of Education.
(H) A listing of the payments that the
				district received from the common school account of the permanent land income
				fund under W.S. W.S.
				W.S.
				21-13-301 and from the school foundation
				program account under W.S. W.S.
				W.S.
				21-13-313 for the five preceding
				years.
(I) A statement from the
				county clerk giving the date and results of the election(s) for approval of the
				bond issue.
(J) A statement from
				the county treasurer verifying the current valuation of the district and the
				outstanding indebtedness of the district.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 13 - SCHOOL DISTRICT BOND GUARANTEE PROGRAM › Section 13-7 - Board Consideration

Current through July 13, 2024
(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.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 13 - SCHOOL DISTRICT BOND GUARANTEE PROGRAM › Section 13-8 - Bond Guarantee Administration

Current through July 13, 2024
(a) In order to
				assure liquidity, the State Treasurer shall keep invested an amount equal to at
				least 10% of the bond principal guaranteed, in direct U.S. Government
				obligations or in U.S. Government guaranteed obligations, which obligations
				mature in three years or less. Pursuant to
				W.S.
				9-4-1001 and
				9-4-701(j), the
				State Treasurer's Office shall administer the Board approved bond guarantees,
				in accordance with a Memorandum of Understanding dated February 1,1996,
				approved by the Board and executed by the Office, the State Treasurer and the
				Superintendent. All applicants who receive bond guarantee approvals shall also
				enter into agreements with the State Treasurer pursuant to W.S. W.S.
				W.S.
				9-4-1001(d). All such
				agreements shall include the following:
(i)
				Each participating district shall certify to the State Treasurer that, as of
				the date of issuance of the bonds, amounts on deposit in the Common School
				Income Account, which are to be distributed annually to the district, are not
				reasonably expected by the district to be used (directly or indirectly) for the
				payment of principal or interest on, or the tender or retirement price of, the
				bonds or to fund a reserve or replacement fund for the bonds;
(ii) The participating school district shall
				certify on the date of issuance of any bond guaranteed under the school bond
				program that no funds received by the district from the Common School Income
				Account are reasonably expected to be used directly or indirectly for the
				payment of principal or interest on, or the tender or retirement price of, any
				bond of such school district, or to fund a reserve or replacement fund for any
				such bond.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 13 - SCHOOL DISTRICT BOND GUARANTEE PROGRAM › Section 13-9 - Procedure for Potential Defaulting Districts

Current through July 13, 2024
(a) A
				district shall notify the State Treasurer not less than fifteen (15) days
				before payment is due if the district believes it may be unable to make a
				payment of principal or interest on any debt obligation guaranteed by the
				Board, using the Notification of Potential Default form provided by the
				Office.
(b) A district shall
				include a provision in its agreement with its independent paying agent that
				requires the paying agent to notify the State Treasurer not less than five (5)
				days prior to the date a payment is due if it becomes aware of a potential
				default on any debt obligation guaranteed by the Board. The State Treasurer
				shall pay the paying agent, from immediately available funds, a sufficient
				amount to cover the bond service payment at least one (1) day prior to the bond
				service due date.
(c) If the
				district defaults in the payment and the State Treasurer pays the paying agent
				as provided in subsection (b) of this section, the payments intercepted by the
				Board pursuant to
				W.S.
				9-4-1001(d) (iii) shall be
				restored to the Common School Account in the Permanent Land Fund and the $100
				million pledged pursuant to W.S. W.S.
				W.S.
				9-4-701(j) restored. In no
				event shall the State Treasurer make any payment of amounts on deposit in, or
				derived from, the Common School Income Account for the purpose of paying any
				defaulted principal or interest payment in respect to the guaranteed school
				bond.
(d) If the state makes
				payment on behalf of a district or if the district defaults in the payment, it
				shall submit a plan to the Board for approval specifying the modifications in
				its fiscal practices and general operations that the district intends to
				implement to resolve the problems which led to its inability to make the
				payment and to prevent further defaults. The district shall submit its plan
				within 45 days of the date of the default. The district shall implement all
				measures as approved and required by the Board pursuant to W.S. W.S.
				W.S.
				9-4-1001(d) (iii)
				(C).
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 13 - SCHOOL DISTRICT BOND GUARANTEE PROGRAM › Section 13-10 - Audits and Inspections

Current through July 13, 2024
(a) The
				Superintendent, State Treasurer, Department of Education, or the Board may
				audit the records of the applicant and inspect the construction and operation
				of any project funded with bonds guaranteed by the Board. Recipients of bond
				guarantees shall maintain and provide, if requested, a full and complete
				accounting of the use and distribution of the bond proceeds from issues
				guaranteed by the Board.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 13 - SCHOOL DISTRICT BOND GUARANTEE PROGRAM › Section 13-11 - Report to Bond Rating Companies

Current through July 13, 2024
(a) The Board shall
				prepare and submit an annual report of the bond guarantee program to those
				nationally recognized bond rating agencies as designated by the Board, which
				shall include, but is not limited to the following information:
(i) Market value of investments in the Common
				School Account in the Permanent Land Fund;
(ii) Amount of debt guaranteed by the
				Board;
(iii) Disclosure of any
				draws on the pledged funds due to defaults by a district.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 14 - FEES FOR ADMINISTRATIVE SERVICES AND INTEREST RATES › Section 14-1 - Authority

Current through July 13, 2024
This Chapter is promulgated under the authority of Wyoming
				  Statute (W.S.) 11-34-103(a),
				  W.S.
				  11-34-103(b),
				  W.S.
				  11-34-121,
				  W.S.
				  11-34-118,
				  W.S.
				  16-1-109,
				  W.S.
				  11-34-117(a),
				  W.S.
				  11-34-117(b),
				  W.S.
				  16-1-205(b)(i),
				  W.S.
				  16-1-305(b)(i),
				  W.S.
				  35-11-530(a),
				  W.S.
				  35-11-528(e),
				  W.S.
				  21-18-319(a),
				  W.S.
				  16-1-111(a),
				  W.S.
				  21-3-302.1(c), and
				  W.S.
				  16-1-111(d).
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 14 - FEES FOR ADMINISTRATIVE SERVICES AND INTEREST RATES › Section 14-2 - Fees

Current through July 13, 2024
The Office shall collect the following fees for
				  administrative services associated with the Board's programs:
(a) For all loans under Chapter 7:
(i) All applicants shall pay an application
				fee of one hundred dollars ($100.00).
(ii) All borrowers shall pay a fee of one
				percent (1%) of the amount of the loan at closing.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 14 - FEES FOR ADMINISTRATIVE SERVICES AND INTEREST RATES › Section 14-3 - Interest Rates

Current through July 13, 2024
The Board will charge the following interest rates on loans
				  and amortized sales contracts associated with its programs:
(a) For loans awarded under Chapter 2, Joint
				Powers Act Loans, the interest rate shall be not less than the average rate of
				return realized on all Permanent Mineral Trust Fund investments as determined
				by the State Treasurer for the five (5) calendar years immediately preceding
				the year in which the loan is made; no equity requirement.
(b) For loans awarded under Chapter 7, Farm
				Loans:
(i) For farm loans that are not
				Beginning Agricultural Producer loans, the interest rate shall be equal to the
				yield on a United States Treasury security of the same duration of the loan.
				The Board may add an additional percentage not to exceed two percent (2%) as a
				risk premium to the interest rate established under this paragraph. The rate of
				interest for all farm loans shall not be less than three percent
				(3%).
(ii) For Beginning
				Agricultural Producer loans, as defined in Chapter 7, Section
				2(c), for the first ten
				(10) years of the loan the rate shall be equal to the yield on a ten (10) year
				United States Treasury bond security. At the end of the ten (10) year period
				the interest rate shall be equal to the yield on a United States Treasury
				security of the same duration of the loan. The Board may add an additional
				percentage not to exceed two percent (2%) as a risk premium to the interest
				rate established under this paragraph. The rate of interest for all farm loans
				to Beginning Agricultural Producers shall not be less than three percent (3%).
				Loans to Beginning Agricultural Producers shall not exceed seventy percent
				(70%) of the land's value.
(iii)
				For the sale of lands acquired through farm loan foreclosure, the interest rate
				shall be:
(A) Eight percent (8%) per annum for
				contracts up to fifty percent (50%) of sale price;
(B) Nine percent (9%) per annum for contracts
				up to sixty percent (60%) of sale price;
(C) Ten percent (10%) per annum for contracts
				up to seventy percent (70%) of sale price.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 15 - ABANDONED MINE LAND FUNDING FOR PUBLIC FACILITY PROJECTS › Section 15-1 - Authority

Current through July 13, 2024
This Chapter is adopted pursuant to W. S.
										9-4-604 and Laws 1979, Chapter 1 60, Section
				  6 and Executive Order
				  1997-3.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 15 - ABANDONED MINE LAND FUNDING FOR PUBLIC FACILITY PROJECTS › Section 15-2 - Definitions

Current through July 13, 2024
As used in this chapter:
(a) "Administrator" means the Administrator
				of the Abandoned Mine Land Division of the Department of Environmental
				Quality.
(b) "AML" means the
				Abandoned Mine Land Division of the Department of Environmental
				Quality.
(c) "Board" means the
				State Loan and Investment Board.
(d) "Director" means the Director of the
				Office of State Lands and Investments
(e) "Office" means the Office of State Lands
				and Investments.
(f) "In-kind
				contributions" means land, labor, materials, equipment, and services provided
				by the applicant, and used for project purposes valued at reasonable, actual
				cost.
(g) "Donations" means land,
				materials, and equipment, provided to the applicant by others, at no cost to
				the applicant, used for project purposes and valued at reasonable, actual
				cost.
(h) "Essential public
				services" means a public service facility or utility owned by the applicant and
				available for use by the general public including, but not limited to: water
				and sewer projects, street and road projects, solid waste disposal projects,
				public buildings, and health care facilities.
(i) "Match" means funds, land, labor,
				materials, equipment, and services provided by the applicant, and used for
				project purposes valued at reasonable, actual cost.
(j) "Special district" means hospital, fire
				protection, solid waste disposal, improvement and service, water and sewer
				districts, and school districts.
(k) An "emergency situation" means a direct
				and immediate threat to health, safety, or welfare.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 15 - ABANDONED MINE LAND FUNDING FOR PUBLIC FACILITY PROJECTS › Section 15-3 - General Policy

Current through July 13, 2024
(a) The Board shall
				review public facility applications and make a recommendation to the Governor
				as to which project(s) represent a prudent use of available Abandoned Mine Land
				(AML) funds.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 15 - ABANDONED MINE LAND FUNDING FOR PUBLIC FACILITY PROJECTS › Section 15-4 - Public Facility Eligibility For AML Funding

Current through July 13, 2024
(a) Public
				Facility Eligible Applicants. Only incorporated cities and towns, counties,
				special districts or joint powers boards who own or would own the facility or
				sponsor the activity shall be eligible to apply for funding under this chapter.
				If the applicant is a special district or joint powers board, it must be
				legally formed and approved prior to Public Facility application. Eligible
				applicants must have relied on the coal or mineral mining industries for a
				significant portion of their economic base prior to and since August 3, 1977,
				or for this same time period can demonstrate significant impact upon their tax
				revenues and services as a result of these industries.
(b) Eligible Coal and Mineral Industry
				Projects.
(i) The construction of specific
				public facilities which have a relationship to the coal or mineral
				industries.
(ii) Activities of
				public benefit which are related to impacts from the coal or mineral
				industries.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 15 - ABANDONED MINE LAND FUNDING FOR PUBLIC FACILITY PROJECTS › Section 15-6 - Evaluation and Prioritization

Current through July 13, 2024
(a) The Board shall
				recommend rejection of projects that, in the judgement of the Board, have as
				their main purpose the benefit of a private business venture.
(b) Criteria. The Board shall evaluate and
				prioritize applications utilizing the following criteria:
(i) The project has a direct relationship to
				the State's coal and mineral industries;
(ii) The project provides significant benefit
				to the State's coal and mineral industries, or mitigates impacts resulting from
				these industries to local economies, basic public services, infrastructure, or
				the environment;
(iii) The cost of
				the project is commensurate with the benefits received by the industry,
				affected communities and state;
(iv) Funding from other sources is limited or
				unavailable, and local governments, state or federal agencies are unable to
				commit financial support considering their revenues and tax bases;
(v) There is a demonstrated need and urgency
				for funding this project prior to reclamation of abandoned non-coal
				mines.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 15 - ABANDONED MINE LAND FUNDING FOR PUBLIC FACILITY PROJECTS › Section 15-7 - Board Consideration

Current through July 13, 2024
(a) The Board shall
				consider each application, allow for comments from the applicant, and establish
				the maximum amount of the project funding and the percent of eligible project
				costs that will be covered by the funding.
(b) At the July Board meeting, the Board
				shall not grant AML funds in excess of those identified as available for public
				facility projects by the Administrator. Any grant awards shall meet the
				requirements of Department of Environmental Quality, Abandoned Mine Land
				Program rules and regulations. Any grant awards for AML funding shall be made
				available in the second calendar year after the application year.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 15 - ABANDONED MINE LAND FUNDING FOR PUBLIC FACILITY PROJECTS › Section 15-8 - Funding Disbursement and Administration

Current through July 13, 2024
(a)
				Fund Disbursement. Funding shall be disbursed to the applicant only as needed
				to discharge obligations incurred in accordance with eligible project
				costs.
(b) Fund Reversion.
(i) If AML in consultation with the Director
				determines that the project has not been commenced within two (2) years from
				date of initial funding approval, the funding will automatically expire, unless
				otherwise specified. Based upon information supplied by the applicant, AML in
				consultation with the Director may grant an extension of time in which to
				commence the project.
(ii) If AML
				in consultation with the Director determines that the project has not been
				completed within a reasonable time, AML and the Director shall notify the
				applicant in writing at least thirty (30) days prior to presenting the matter
				for Board review. The Board, upon review of the project circumstances, may
				recommend to the Governor termination or modification of the funding
				award.
(iii) If based upon a review
				of current information in the files of the Office it appears that the project
				is complete and the full amount of the funds has not been expended, the unused
				portion of the funds shall revert to AML.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 15 - ABANDONED MINE LAND FUNDING FOR PUBLIC FACILITY PROJECTS › Section 15-9 - Funding Requirements

Current through July 13, 2024
(a) Projects with
				abandoned mine land funds shall receive financial support in accordance with
				federal grant requirements. All contract services shall be procured through an
				open and free competitive process, in accordance with
				W.S.
				9-2-1027 et seq. and W.S. W.S.
				W.S.
				9-2-1016. Expenditure of abandoned mine land
				funds shall be on a cost reimbursement basis for costs allowable under the
				grant and federal grant regulations. The AML may enter into agreements with
				local governments to facilitate project planning, implementation and
				coordination, provided that such agreements do not increase the costs of the
				project to the Program nor delegate the responsibility of the AML to fulfill
				its grant recipient duties and oversight functions.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 15 - ABANDONED MINE LAND FUNDING FOR PUBLIC FACILITY PROJECTS › Section 15-10 - Audits and Inspections

Current through July 13, 2024
(a) AML may, at its
				expense, conduct an audit of the records of the applicant and inspect the
				construction and operation of the project.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 15 - ABANDONED MINE LAND FUNDING FOR PUBLIC FACILITY PROJECTS › Section 15-11 - Rule Amendments

Current through July 13, 2024
(a) Amendments to
				these rules do not apply to applications filed after the effective date for
				phased construction projects which have already received partial funding under
				this chapter.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 16 - DRINKING WATER STATE REVOLVING FUND LOANS › Section 16-3 - General Policy

Current through July 13, 2024
(a) The Board shall
				approve loans and Additional Subsidies under the provisions of this Chapter,
				subject to the Select Water Committee's review and recommendation of projects,
				in such a manner and to such applicants as shall, in the judgment of the Board,
				inure to the greatest benefit of the citizens of the State of Wyoming and
				represent a prudent use of loan funds.
(b) Funding for loans and additional
				subsidies under this Chapter is subject to a supplemental congressional
				appropriation in the Infrastructure Investment and Jobs act of 2021. To
				facilitate key provision of this Act, the Board will consider funding
				applications for:
(i) Projects addressing
				Emerging Contaminants;
(ii)
				Projects addressing lead service lines; and,
(iii) Conventional safe drinking water
				projects.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 16 - DRINKING WATER STATE REVOLVING FUND LOANS › Section 16-4 - Base and Supplemental Funding Disadvantaged Community Eligibility

Current through July 13, 2024
(a) OSLI shall
				determine if an applicant is disadvantaged by awarding points based on
				population trend, income data, unemployment data, enterprise system rate
				management, and the prior year's propriety tax and four percent (4%) sales tax
				collections. Applicants whose total points are nine (9) or greater are eligible
				for Additional Subsidies of up to seventy-five percent (75%) of their loan
				amount. Applicants whose total points are equal to or greater than six (6) but
				less than nine (9) are eligible for Additional Subsidies of up to fifty percent
				(50%) of their loan amount. Applicants whose total points are equal to or
				greater than three (3) but less than six (6) are eligible for Additional
				Subsidies of up to twenty-five percent (25%) of their loan amount. Applicants
				whose total points are less than three (3) are not considered disadvantaged and
				are not eligible for Additional Subsidies.
(i)
				Population trend points are awarded based on the category that the applicant
				was in as of the last decennial census (or other available population data
				acceptable to OSLI if decennial census data is not available). If an applicant
				can show population trend data demonstrating that it has likely dropped to a
				smaller category since the last decennial census, its points may be adjusted up
				accordingly.
(A) Applicants whose population
				is five hundred (500) or less will receive three (3) points.
(B) Applicants whose population is between
				five hundred one (501) and three thousand, three hundred (3,300) will receive
				two (2) points.
(C) Applicants
				whose population is between three thousand, three hundred one (3,301) and ten
				thousand (10,000) will receive one (1) point.
(D) Applicants whose population is ten
				thousand, one (10,001) or greater will receive zero (0) points.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 16 - DRINKING WATER STATE REVOLVING FUND LOANS › Section 16-5 - Additional Subsidies and Special Program Requirements

Current through July 13, 2024
(a) OSLI, DEQ and
				WWDO will assess, at least annually, the impacts of state and federal
				legislation on the Drinking Water State Revolving Fund loan program
				administered under this Chapter. OSLI will provide timely notice to eligible
				applicants of changes in Additional Subsidies and Special Program requirements.
				Said notice will be not less than thirty (30) calendar days prior to any
				application deadline. Methods of notice include, but are not limited to,
				electronic, telephonic, written, website postings, video conferences or
				combinations of the same.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 16 - DRINKING WATER STATE REVOLVING FUND LOANS › Section 16-6 - Base and Supplemental Loan and Additional Subsidies Eligibility

Current through July 13, 2024
(a) Applicants.
				Publicly Owned Water Systems in Wyoming shall be eligible for loans under this
				Chapter. This includes eligibility for Additional Subsidies when
				available.
(b) Additional
				Subsidies. Additional Subsidies shall be awarded in the form of Principal
				Forgiveness and Green Project Reserve loans. The Additional Subsidies will be
				awarded in accordance with all federal regulations. OSLI will award points
				based on population trend, income data, unemployment data, enterprise system
				rate management, and the prior year's propriety tax and four percent (4%) sales
				tax collections. Applicants whose total points are nine (9) or greater are
				eligible for Additional Subsidies of up to seventy-five percent (75%) of their
				loan amount. Applicants whose total points are equal to or greater than six (6)
				but less than nine (9) are eligible for Additional Subsidies of up to fifty
				percent (50%) of their loan amount. Applicants whose total points are equal to
				or greater than three (3) but less than six (6) are eligible for Additional
				Subsidies of up to twenty-five percent (25%) of their loan amount. Applicants
				whose total points are less than three (3) are not eligible for principal
				forgiveness.
(i) Population trend points shall
				be awarded based on the applicant's population according to the last decennial
				census (or other available population data acceptable to OSLI if decennial
				census data is not available). If an applicant demonstrates its population has
				decreased to a different category since the last decennial census, its points
				shall be adjusted accordingly.
(A) Applicants
				whose population is five hundred (500) or less will receive three (3)
				points.
(B) Applicants whose
				population is between five hundred one (501) and three thousand, three hundred
				(3,300) will receive two (2) points.
(C) Applicants whose population is between
				three thousand, three hundred one (3,301) and ten thousand (10,000) will
				receive one (1) point.
(D)
				Applicants whose population is ten thousand, one (10,001) or greater will
				receive zero (0) points.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 16 - DRINKING WATER STATE REVOLVING FUND LOANS › Section 16-7 - Application Procedure

Current through July 13, 2024
(a) Applications.
				Separate applications shall be prepared for each project. Applicants shall
				submit a complete application on a form provided by OSLI.
(b) Public Meeting Requirement. All eligible
				applicants must hold a minimum of one public meeting in advance of submitting
				an application for Board consideration. Notice of the public meeting is to be
				published in a local or regional newspaper fifteen (15) days prior to the same.
				The public meeting must provide the public an overview of the proposed project,
				financing and sustainability. The overview aspect of the public meeting must,
				at a minimum, address project scope, milestones and costs. The financing aspect
				of the public meeting must, at a minimum, address the financial impact of
				project costs upon the public. The sustainability aspect of the public meeting
				must, at a minimum, address revenue streams, adjustments of water and sewer
				rates or other sources required to sustain the proposed project. Eligible
				applicants must verify compliance with the public meeting requirement through
				documentation submitted with their applications.
(c) Timing of Board Consideration.
				Applications must be received by the Director at least one hundred twenty (120)
				days prior to any scheduled meeting of the Board. Applicants must cure any
				defects in their applications no later than forty-five (45) calendar days
				before any scheduled meeting of the Board. The Board may consider applications
				for loans under this Chapter at any scheduled meeting.
(d) Incomplete Applications. Incomplete
				applications, those missing one or more of the information items requested,
				and/or failing to meet established deadlines, shall not be presented to the
				Board for consideration.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 16 - DRINKING WATER STATE REVOLVING FUND LOANS › Section 16-8 - Evaluation

Current through July 13, 2024
(a) Criteria. The
				Board shall evaluate applications utilizing the following criteria:
(i) Whether the applicant has an appropriate
				project Priority List ranking as required in Section
				1452(b)(3) of the Safe
				Drinking Water Act and is listed on the fundable portion of the Intended Use
				Plan;
(ii) Whether the applicant
				can demonstrate Capacity Development capabilities in compliance with Section
				1420 of the Safe Drinking Water Act and
				the applicable requirements of DEQ;
(iii) Whether the applicant can obtain or
				ensure the certification of the Operators of the Publicly Owned Water System in
				accordance with DEQ rules and regulations prior to obtaining financial
				assistance approval;
(iv) Whether
				the applicant is current on all its repayment obligations to the
				Board;
(v) Whether the applicant's
				dedicated source of revenue is acceptable to the Board and will be sufficient
				to provide security to repay its requested loan;
(vi) Whether the applicant is ready to
				proceed with construction or implementation of the project;
(vii) Whether the applicant has established
				an adequate operations and maintenance costs fund for the project for which
				applicant seeks funding;
(viii)
				Whether the applicant has made a significant commitment of funding resources
				for the project for which it seeks funding;
(ix) The percentage of the applicant's
				population directly served by the project;
(x) The project's priority rank on the
				current intended use plan (IUP); and
(xi) Whether the project is appropriately
				sized for the population to be served by the project.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 16 - DRINKING WATER STATE REVOLVING FUND LOANS › Section 16-9 - Board Consideration

Current through July 13, 2024
(a) The Board shall
				consider each complete application and allow for comments from the applicant,
				the Director, DEQ and WWDO. The Board shall also establish loan amounts and
				terms. Loan terms for applicants that are not considered disadvantaged shall
				not exceed what is allowable by the federal and state regulations, or the
				useful life of the project, whichever is less. For applicants that are
				considered disadvantaged, loan terms shall not exceed thirty (30) years, or the
				useful life of the project, whichever is less.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 16 - DRINKING WATER STATE REVOLVING FUND LOANS › Section 16-11 - Repayment

Current through July 13, 2024
(a) Annual payments
				for all loans shall begin one (1) year after substantial completion of the
				project as indicated in the final project contract. Annual payments for loans
				used to refinance existing debt shall begin no later than one (1) year after
				loan approval.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 16 - DRINKING WATER STATE REVOLVING FUND LOANS › Section 16-12 - Disbursement of Loan Proceeds

Current through July 13, 2024
(a) Requests for
				disbursements shall be submitted on a form provided by the Director and include
				supporting invoices establishing the eligibility of costs submitted for
				disbursement. Proceeds will only be disbursed for eligible project costs as set
				forth in this Chapter and within federal guidelines following review by the
				OSLI and WWDO.
(b) Owners of any
				project that spans more than one (1) construction season shall submit an
				updated timeline to OSLI and WWDO for the project not less than
				annually.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 16 - DRINKING WATER STATE REVOLVING FUND LOANS › Section 16-13 - Audits and Inspections

Current through July 13, 2024
(a) The Board shall
				ensure compliance with the provisions of the Single Audit Act and Subpart F of
				Title 2 U.S. Code of Federal Regulations (CFR) Part 200.
Uniform
				Administrative Requirements. Cost Principles, and Audit Requirements for
				Federal Awards.
On an annual basis records of loan recipients shall
				be, at a minimum, compiled by an independent accounting firm. Notification of
				compliance shall be made to the Board in the form of a Compilation, Review, or
				Audited Financial Statement prepared by an independent accounting
				firm.
(b) The Board may, at its
				expense, conduct an independent audit of the loan recipient's records and
				inspect the construction and operation of the project. Loan recipients shall
				maintain project accounts in accordance with Generally Accepted Government
				Accounting Standards (GAGAS). Loan recipients shall assist and provide any
				information required by the auditors.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 16 - DRINKING WATER STATE REVOLVING FUND LOANS › Section 16-14 - Reports

Current through July 13, 2024
(a) Director, or
				the Director's designee, shall review all reports prepared by the OSLI, DEQ and
				WWDO for submission to the USEPA.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 16 - DRINKING WATER STATE REVOLVING FUND LOANS › Section 16-15 - Program Compliance

Current through July 13, 2024
(a) The Board shall
				administer the state drinking water revolving loan account program in
				accordance with all applicable federal laws and regulations. The Board shall
				enter into, and periodically update, Memorandums of Understanding with DEQ and
				WWDO to implement the program and facilitate program compliance.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 16 - DRINKING WATER STATE REVOLVING FUND LOANS › Section 16-16 - Fees

Current through July 13, 2024
(a) A loan
				origination fee of one-half of one percent (0.5%) of the amount of the loan
				will be collected at loan closing. The fees will be deposited to the
				Administrative Account as authorized by
				W.S.
				16-1-303(d).
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 16 - DRINKING WATER STATE REVOLVING FUND LOANS › Section 16-17 - IIJA Emerging Contaminants Funding

Current through July 13, 2024
The Board may award funding from IIJA funds under this
				  Section for projects that address Emerging Contaminants. For awards under this
				  Section, the provisions of this Section shall supersede any inconsistent
				  provisions in any other section of this Chapter.
(a) Loan and Additional Subsidies
				Eligibility.
(i) Applicants. Publicly Owned
				Water Systems in Wyoming listed on the Project Priority List specifically
				related to Emerging Contaminants shall be eligible to apply for loans and
				Additional Subsidies under this Section.
(ii) Additional Subsidies. Additional
				Subsidies may be awarded in the form of Principal Forgiveness, to the extent
				available, and in accordance with all federal regulations. All loans awarded
				under this section are eligible for one hundred percent (100%) Principal
				Forgiveness, contingent on compliance with federal requirements.
(iii) Disadvantaged Community Eligibility.
				All entities with identified areas meeting the Emerging Contaminants definition
				in Section
				2(e) are considered
				disadvantaged under this section and qualify for one hundred percent (100%)
				Principal Forgiveness.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 16 - DRINKING WATER STATE REVOLVING FUND LOANS › Section 16-19 - Planning and Assessment Grants

Current through July 13, 2024
The Board may use a portion of the additional subsidies from
				  the capitalization grants to fund qualifying Planning and Assessment
				  activities.
(a) The amount available
				for grants under this subsection shall be defined in the annual IUP.
(b) The following activities may qualify for
				grants under this subsection:
(i) Asset
				management, fiscal sustainability, cost and effectiveness analyses;
(ii) Capital improvement plans;
(iii) Integrated planning;
(iv) Long-term control plans;
(v) Water or energy audits;
(vi) Conservation plans facility
				plans;
(vii) Treatment works
				security and safety plans;
(viii)
				Risk or vulnerability assessments;
(ix) Emergency preparedness response and
				recovery plans;
(x) Drought
				management plans;
(xi) Climate
				adaptation plans;
(xii)
				Environmental management systems;
(xiii) Watershed management plans;
				and
(xiv) Total maximum daily load
				implementation plans.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 17 - TRANSPORTATION ENTERPRISE FUND GRANTS & LOANS › Section 17-2 - Definitions

Current through July 13, 2024
(a) As used in this chapter:
(i) "Board" means the State Loan and
				Investment Board.
(ii) "Director"
				means the Director of the Office of State Lands and Investments.
(iii) "Office" means the Office of State
				Lands and Investments.
(iv)
				"Management Council" means the legislative committee created by W.
				S.
											28-8-102.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 17 - TRANSPORTATION ENTERPRISE FUND GRANTS & LOANS › Section 17-3 - Purpose

Current through July 13, 2024
The Board shall award grants and loans under the provisions
				  of this chapter to public entities to foster investment in transportation
				  projects of benefit to the general public within Wyoming.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 17 - TRANSPORTATION ENTERPRISE FUND GRANTS & LOANS › Section 17-4 - Eligibility

Current through July 13, 2024
(a) The Board interprets the term, "public
				entities" as it is used in
				W.S.
				11-34-131(c) to include, but
				not be limited to:
(i) Wyoming
				counties;
(ii) Wyoming municipal
				corporations;
(iii) Senior citizen
				centers created pursuant to W.S. W.S.
				W.S.
				18-2-105;
(iv) Airport boards created pursuant to W.S.
				W.S. W.S.
				10-5-202;
(v) Regional transportation authorities
				created pursuant to W.S. W.S.
				W.S.
				18-14-101;
(vi) Community boards created pursuant to
				W.S. W.S.
				35-1-615; and
(vii) Entities under contract with a county,
				municipality, or school district pursuant to W.S. W.S.
				W.S.
				35-1-614, or under contract with the Wyoming
				Department of Health pursuant to W.S. W.S.
				W.S.
				35-1-620.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 17 - TRANSPORTATION ENTERPRISE FUND GRANTS & LOANS › Section 17-5 - Application Procedure

Current through July 13, 2024
(a) Applicants
				shall prepare separate applications for each project on a form provided by the
				Office. Applicants shall submit three (3) copies of their completed application
				to the Office.
(b) The Board shall
				meet each year in November to consider applications for grants and loans under
				this chapter. Applications must be received by the Office no later than
				September 15th to be considered at the November meeting.
(c) The Board may consider applications on an
				emergency basis at any time. Applications for emergency consideration must be
				received by the Office no later than thirty (30) days prior to the meeting at
				which the application is considered by the Board.
(d) The application shall contain, at a
				minimum, the following information:
(i) The
				amount requested as a grant or loan;
(ii) A full description of the proposed
				project;
(iii) A detailed project
				cost estimate delineating all costs of the proposed project and the method by
				which the project costs were estimated;
(iv) The geographic scope of the proposed
				project;
(v) A description of other
				project funding sources, committed or pending, and the portion of the project
				cost expected to be funded from each source, including any future grant or loan
				applications under this chapter. The applicant must submit a funding commitment
				from all project funding sources, including the applicant, to demonstrate
				commitment to the project;
(vi) A
				standard resolution on a form provided by the Office;
(vii) If the applicant is a joint powers
				board, a copy of the certificate of organization filed with the Secretary of
				State, and a copy of an executed joint powers agreement approved by the
				Attorney General; and
(viii) If an
				applicant submits multiple applications under this chapter for consideration at
				one meeting, a priority ranking of the multiple applications must be submitted
				by the applicant.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 17 - TRANSPORTATION ENTERPRISE FUND GRANTS & LOANS › Section 17-7 - Recommendation by Legislative Committee

Current through July 13, 2024
The Office shall forward completed applications to the
				  Management Council or legislative committee designated by the Management
				  Council, for recommendation before consideration by the
				  Board.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 17 - TRANSPORTATION ENTERPRISE FUND GRANTS & LOANS › Section 17-8 - Evaluation and Prioritization

Current through July 13, 2024
(a) The Board shall
				use the following criteria to evaluate all applications for grants or loans
				under this chapter:
(i) The extent of funding
				committed to the project from all sources;
(ii) The commitment of the applicant of
				significant local resources;
(iii)
				The appropriateness of the size of the project for the population to be served
				by the project;
(iv) The urgency of
				the project;
(v) The repayment
				status of the applicant's current obligations to the Board;
(vi) The extent to which the applicant is
				utilizing, or plans to utilize, available and qualified Wyoming-based
				professional firms and contractors on the project; and
(vii) The percentage of the applicant's
				population directly served by the project.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 17 - TRANSPORTATION ENTERPRISE FUND GRANTS & LOANS › Section 17-9 - Board Consideration

Current through July 13, 2024
The Board shall consider each completed application, and in
				  its sole discretion, establish the maximum amount of the grant or loan to be
				  awarded.
Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 17 - TRANSPORTATION ENTERPRISE FUND GRANTS & LOANS › Section 17-11 - Loan Security

Current through July 13, 2024
(a) The Board may
				require a first-position security interest in any facility or equipment
				financed by a loan extended under this chapter. The Board may also require a
				first-position security interest in any user fees or assessments derived
				through the operation of the facility or equipment.
(b) If the Board obtains a lien on
				facilities, the borrower shall:
(i) Maintain
				adequate insurance on the facility;
(ii) Pay all applicable taxes and assessments
				when due; and
(iii) Maintain the
				facility in good condition.