reglab/statecodes huggingface dataset:
Wyoming Administrative Code › Agency 016 - Barber Examiners, Board of › Sub-Agency 0001 - Barber Examiners, Board of › Chapter 12 - PRACTICE AND PROCEDURES FOR DISCIPLINE MATTERS › Section 12-4 - Summary Suspension

Current through July 13, 2024
(a) An IC may
				recommend that the Board summarily suspend a license at any time when the IC or
				Board staff believes that the licensee's continued practice imperatively
				requires emergency action to protect the public health, safety, or
				welfare.
(b) The IC shall notify
				the licensee of its intent to recommend summary suspension. The Notice of
				Intent shall contain:
(i) A copy of the
				complaint, if any;
(ii) A
				description of the grounds for the summary suspension recommendation;
				and
(iii) Notice that an expedited
				summary suspension proceeding shall be set at the earliest opportunity a quorum
				of Board members may be assembled.
Wyoming Administrative Code › Agency 016 - Barber Examiners, Board of › Sub-Agency 0001 - Barber Examiners, Board of › Chapter 12 - PRACTICE AND PROCEDURES FOR DISCIPLINE MATTERS › Section 12-5 - Surrender in Lieu of Discipline and Licenses Issued in Error

Current through July 13, 2024
(a) A licensee may
				petition the Board, in writing, to voluntarily surrender a license in lieu of
				discipline.
(i) The IC shall recommend that
				the Board approve or deny the petition.
(ii) The Board may approve or deny the
				petition.
Wyoming Administrative Code › Agency 016 - Barber Examiners, Board of › Sub-Agency 0001 - Barber Examiners, Board of › Chapter 12 - PRACTICE AND PROCEDURES FOR DISCIPLINE MATTERS › Section 12-6 - Hearing Procedure

Current through July 13, 2024
(a) There shall be
				a presumption of lawful service of a Notice of Intent, Petition, Notice of
				Hearing, or any other communication required by these rules if sent by U.S.
				mail to the address the licensee most recently supplied to the Board.
(b) The IC shall notify the licensee of its
				intent to file a petition for disciplinary action. The Notice of Intent shall:
(i) Include a brief description of the facts
				or conduct that warrant the intended action;
(ii) Include a description of the nature of
				the discipline the IC intends to seek; and
(iii) Provide the Licensee no less than 30
				days to show that the licensee has complied with all lawful license
				requirements.
Wyoming Administrative Code › Agency 016 - Barber Examiners, Board of › Sub-Agency 0001 - Barber Examiners, Board of › Chapter 12 - PRACTICE AND PROCEDURES FOR DISCIPLINE MATTERS › Section 12-7 - Petition for Modifying Conditions or Restrictions

Current through July 13, 2024
(a) A licensee may
				petition the Board to modify any conditions or restrictions on his or her
				license. The licensee shall submit a written petition for modification to the
				Board office. The petition for modification shall include evidence
				demonstrating:
(i) Compliance with all
				previously entered Board orders;
(ii) That the modification is consistent with
				any treatment plan or medical orders, if applicable; and
(iii) That the modification will ensure the
				public is adequately protected.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 1 - GENERAL PROVISIONS › Section 1-1 - Purpose

Current through July 13, 2024
The purpose of the program is to promote economic development
				  through publicly owned infrastructure at the city, town, county, tribe and
				  regional levels in order to improve economic health and a stronger state
				  economy. These rules are adopted in order to implement
				  W.S.
				  9-12-601 through
				  9-12-603, which provide for the
				  making of grants and loans to eligible applicants for economic or educational
				  development infrastructure. The rules provide for a method of application,
				  review and recommendation, the establishment of terms and conditions of awards,
				  and a hearing process.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 1 - GENERAL PROVISIONS › Section 1-2 - Authority

Current through July 13, 2024
Rulemaking for this program is the responsibility of the
				  Wyoming Business Council as authorized by
				  W.S.
				  9-12-104(a)(iv) and
				  W.S.
				  9-12-601.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 1 - GENERAL PROVISIONS › Section 1-4 - Eligible Applicants

Current through July 13, 2024
(a) Eligible
				applicants as defined by
				W.S.
				9-12-601(b) may apply for
				BRC funding. Two or more eligible applicants may apply for a joint project via
				one application.
(b) The Council
				may enter into a cooperative agreement with the Eastern Shoshone Tribe, the
				Northern Arapaho Tribe, or the cooperative tribal governing body in order to
				promote the purpose of this program.
(c) An applicant may contract with a
				Community Development Organization, State Development Organization or political
				subdivision to use BRC funds.
(d)
				An otherwise eligible applicant that is past due on program reporting or
				revenue recapture payments to the Council shall be deemed ineligible until the
				applicant brings itself into full compliance with existing reporting and
				payment obligations to the Council.
(i)
				Noncompliant applicants shall be highlighted on program annual reporting to the
				Wyoming Legislature.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 1 - GENERAL PROVISIONS › Section 1-5 - Type of Projects

Current through July 13, 2024
(a) An
				infrastructure project is a project that funds the construction of physical
				structures and facilities including the purchase of land, buildings,
				facilities, telecommunications infrastructure, rights of way, airports, sewer
				and water projects, roads, landscaping, recreational and convention facilities
				and like expenditures. The Council may recommend, and the Board may approve,
				upon a finding of extraordinary circumstances, that a higher funding amount
				and/or a lower match amount is consistent with the purpose of the BRC.
(i) A Business Committed Project is a project
				in which an applicant has a business committed to start-up, expand, locate or
				retain jobs in the community. The applicant must demonstrate that new primary
				jobs, at or above median wage and at the state industry average wage, will be
				created or retained by the business. The maximum grant amount per project is
				five million dollars ($5,000,000). Funding in excess of the maximum grant
				amount may be applied for as a BRC loan.
(ii) A Community Readiness Project is a
				project which has no specific business committed to expand or locate in a
				community. The community wants to build infrastructure to ready itself for new
				business development under a specific strategy or plan of action. The applicant
				must demonstrate potential exists for creation of new primary jobs. The maximum
				grant amount per project is five million dollars ($5,000,000). Funding in
				excess of the maximum grant amount may be applied for as a BRC loan.
(iii) A Community Project is a project in
				which an applicant wants to improve the community's aesthetic character or
				quality of life in order to make itself more attractive for business
				development or workforce attraction and/or retention under a specific strategy
				or plan of action. Landscaping and streetscaping enhancements must be located
				in commercial districts, sites of business activity or high visibility areas.
				Recreation, convention or cultural centers must have a draw greater than the
				jurisdictional boundaries of the applicant. The maximum grant amount for
				Category 1 applicants is five hundred thousand ($500,000) per project and the
				maximum grant amount for Category 2 applicants is seven hundred fifty thousand
				($750,000) per project. Funding in excess of the maximum grant amount may be
				applied for as a BRC loan.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 1 - GENERAL PROVISIONS › Section 1-6 - Eligible Activities

Current through July 13, 2024
(a) Grants for
				planning projects may only be used for the creation of the planning
				document(s). Funds may not be used for salary costs of the applicant or local
				organizations, travel costs for anyone other than the planning consultant(s) or
				reproduction of any promotional materials.
(b) Grant and loan funds may be used for the
				expansion of infrastructure previously funded under this program for phased
				projects.
(c) Grant and loan funds
				may not be used for the rehabilitation or expansion of existing infrastructure
				unless the Council determines the rehabilitation or expansion is necessary to
				meet the purpose of the program.
(d) Grant and loan funds may not be used for
				salaries, wages, or contracts during the grant writing stage.
(e) Eligible projects shall clearly
				demonstrate how the outcome for each project will result in economic
				growth.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 1 - GENERAL PROVISIONS › Section 1-7 - Ownership of Infrastructure

Current through July 13, 2024
(a) The
				infrastructure funded by this program shall be owned by the applicant or an
				agent of the applicant, such as a community development organization, state
				development organization or political subdivision acting in the role of agent
				of the applicant.
(b) Unless the
				project is owned by the applicant, there shall be documentation that in the
				event of dissolution of the owner, the BRC-funded infrastructure shall revert
				to the sponsoring applicant or a related city, town, county, joint powers board
				or tribe acting as agent of the applicant. This requirement may be satisfied by
				either specific language within articles of incorporation or a filing of the
				real estate record with the county of record.
(c) The infrastructure or facility can be
				sold to a private entity without advertising the sale or calling for bids,
				provided that the award recipient makes a determination that the sale will
				benefit the economic development of the community and holds the sale in
				accordance with
				W.S.
				15-1-112(b) and any other
				applicable statute.
(d) If the
				owner of any infrastructure or facility built with BRC funds sells the
				infrastructure or facility to a private entity prior to the end of the project
				reporting requirements, the new owner shall fulfill the requirements of the
				grant agreement.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 1 - GENERAL PROVISIONS › Section 1-8 - Revenue Generating Projects

Current through July 13, 2024
(a) Revenue
				generated by the applicant or an owner described in Section
				7 of this Chapter must be recaptured at a
				negotiated rate commensurate with the public investment. Revenue recapture
				requirements may be satisfied via revenue recapture payments unless otherwise
				prohibited by applicable statues, rules, or regulations. All funds recaptured
				at the local level shall be placed in a segregated economic development account
				or separate line item within a budget.
(b) Revenue recaptured to the BRC fund must
				comply with the following requirements:
(i) If
				the total net revenue generated is less than the BRC grant amount, then no less
				than twenty-five percent (25%) of net revenue shall be recaptured to the BRC
				fund; or
(ii) If the total net
				revenue generated is equal to or more than the BRC grant amount, then no less
				than twenty-five percent (25%) of the BRC award shall be recaptured to the BRC
				fund.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 1 - GENERAL PROVISIONS › Section 1-9 - Projects Involving a Private Developer

Current through July 13, 2024
(a) Projects
				involving a private developer shall demonstrate that adequate consideration
				exists by showing that the expected benefit to the State is at least as great
				as the BRC assistance. The analysis of whether adequate consideration exists
				may include whether the private developer is providing a match with its own
				funds, has secured a match with other non-state funds, and any capital
				expenditures the private developer intends to make connected to the project.
				Such projects shall include the repayment of BRC funds as described in Section
				8 and meet at least one of the following
				three criteria:
(i) Direct, permanent jobs
				created as a result of the project;
(ii) Projected tax benefits;
(iii) Donation of real estate that is not
				otherwise necessary for the project to the applicant or an agent of the
				applicant. The value of all real estate donations must be verified by a
				certified appraisal or market analysis as determined by Council
				staff.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 1 - GENERAL PROVISIONS › Section 1-10 - Local Public Hearing and Approval

Current through July 13, 2024
(a) An applicant is
				required to inform and educate the public and business community to the
				greatest extent possible about the proposed economic development project
				(including, but not limited to the economic development opportunity, possible
				funding sources and alternative solutions) utilizing a variety of techniques
				and media. The applicant must make readily available to the public access to
				the application and associated materials, exclusive of business plans or
				business financial information. An applicant shall actively solicit citizen
				input that can be submitted via writing, electronically or in person at a
				public hearing. A minimum of one public hearing is required before submission
				of an application. For the purposes of this program, seven (7) days is the
				minimum period for notification of a hearing date. Public notice shall be
				published in an official medium such as local newspapers, public for a, local
				governmental social media pages or another venue as approved by Council staff.
				If the project facility is to be located outside the geographical boundaries of
				the applicant, the applicant shall hold an additional public hearing near the
				location of the proposed project facility. The notice shall contain a concise
				description of the proposed project and state that time will be set aside at
				the public hearing to take testimony from citizens about the project.
(i) To inform the public and gather
				information, any public hearing shall at a minimum:
(A) Identify the economic development
				opportunity or opportunities;
(B)
				Explore all known possible funding sources and alternative solutions to the
				opportunity or opportunities;
(C)
				Be advertised with a comprehensive description of the proposed
				project;
(D) Solicit testimony from
				citizens who may feel that the proposed project might compete with an existing
				business;
(E) Conduct specific
				outreach to any affected industry or industries and any competitors within that
				industry.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 1 - GENERAL PROVISIONS › Section 1-11 - Application Procedures

Current through July 13, 2024
(a) The applicant
				must schedule a consultation with a Wyoming Business Council Regional Director
				to discuss the project at least one month prior to project submission.
(i) Final draft applications and final draft
				application materials must be provided to the Regional Director no less than
				two weeks prior to submission.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 1 - GENERAL PROVISIONS › Section 1-12 - Allocation Plan and Funding Cycles

Current through July 13, 2024
(a) The Council may
				adopt a funding allocation plan for BRC projects and prioritize project
				types.
(b) Applications will be
				accepted according to an annual deadline schedule posted on the Wyoming
				Business Council website.
(c) BRC
				awards per applicant are limited as follows:
Community Readiness
One per calendar year
Community Project
One per calendar year
Planning
One per calendar year
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 1 - GENERAL PROVISIONS › Section 1-13 - Grant Match Requirements

Current through July 13, 2024
(a) BRC loans do
				not require a match.
(b) A BRC loan
				can be used to satisfy the grant match requirement.
(c) A grant for a planning project shall
				require a minimum match of twenty-five percent (25%) of total eligible project
				activities.
(d) The total required
				match is based on total eligible project costs.
(e) Applicants must provide five percent (5%)
				of the required match for the project.
(i)
				Eligible in-kind sources of match funds include property, building(s) and other
				sources as determined by Council staff.
(ii) Ineligible in-kind sources of match
				funds include operations, maintenance, grant writing, grant administration and
				other as determined by Council staff.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 1 - GENERAL PROVISIONS › Section 1-14 - Fund Disbursement, Project Monitoring, Performance Measures and Revenue Recapture Reporting

Current through July 13, 2024
(a) Procurement
				Standards. Applicants must follow state procurement regulations for cities and
				towns and the Wyoming Preference Act. If a non-municipal applicant has a
				procurement policy, Council staff or qualified consultants reserve the right to
				review that policy prior to fund disbursements and to disburse funds in
				accordance with that policy to the extent it is consistent with State
				law.
(b) Fund Disbursement. Funds
				shall be disbursed to the applicant only as needed to discharge obligations
				incurred in accordance with Board-approved eligible project costs. Request for
				disbursement shall be made via the online grant management system, access to
				which shall be provided by Council staff. Requests for fund disbursement must
				be supported by adequate proof that such an obligation has been incurred for
				the project purpose and is due and owing.
(c) Fund Reversion.
(i) If the Council staff determines that a
				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 Council review.
(ii)
				If the Council staff determines that the project is complete, but the full
				amount of the grant or loan has not been expended, Council staff shall notify
				the award recipient of this determination. Thirty (30) days following the
				notification, the unused portion of the grant or loan shall revert to the BRC
				Fund.
(iii) For projects that have
				not been started within one year: Council staff shall notify an award recipient
				of a pending expiration prior to the one-year anniversary of the grant/loan
				approval. The award recipient may submit a written request to continue the
				project. Council staff may request new or updated information and
				documentation. Council staff may recommend and the Council may grant an
				extension of time in which to start or terminate the project.
(iv) For projects with contingencies,
				applicant must provide a quarterly update on the status of any project
				contingency. The award recipient has the option to submit a new application or
				may request an extension or modification of the contingency terms through the
				Council staff. Council staff may recommend and the Council may grant an
				extension of time or grant a modification to the contingency terms.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 1 - GENERAL PROVISIONS › Section 1-15 - Public Comments on Applications Submitted and Under Board Consideration for Funding Recommendations

Current through July 13, 2024
(a) Comments
				regarding any application submitted under this program may be offered by any
				interested party.
(b) Written
				comments shall be received by the Council staff no less than fourteen (14)
				calendar days prior to the public meeting at which the application is to be
				considered by the Council and:
(i) May be
				submitted using an online form to be prescribed by the Council staff;
(ii) May be submitted by email to the
				wbc.public-comment@wyo.gov; or
(iii) May be submitted by mail or courier
				service as follows:
Wyoming Business Council
Attn: Public Comment
214 West 15th Street
Cheyenne, WY 82002
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 3 - BUSINESS READY COMMUNITY LOAN INFORMATION › Section 3-1 - Authority

Current through July 13, 2024
Rulemaking for this program is the responsibility of the
				  Wyoming Business Council as authorized by
				  W.S.
				  9-12-104(a)(iv) and W.S.
				  9-12- 601.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 3 - BUSINESS READY COMMUNITY LOAN INFORMATION › Section 3-2 - General Policy

Current through July 13, 2024
A BRC loan may be made to fund all or a portion of any
				  project that is an eligible activity. A BRC loan may be used in conjunction
				  with a BRC grant. In no event shall a loan be made to pay off or refinance
				  existing debt.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 3 - BUSINESS READY COMMUNITY LOAN INFORMATION › Section 3-5 - Interest Rate and Term

Current through July 13, 2024
(a) A Business
				Ready Community Loan shall be made at the following interest rates as
				recommended by the Council and established by the Board and reflective of
				market rates.
(i) A floor of zero percent (0%)
				for non-revenue generating projects.
(ii) A floor of one percent (1%) for revenue
				generating projects.
(iii) Loans
				may have a one-time servicing fee of one-half of one percent (0.5%) not to
				exceed five thousand dollars ($5,000) and will be serviced through a
				third-party contract.
(iv) Fees
				such as origination, documentation, filing appraisal and any additional fees
				will be paid by the applicant.
(v)
				The term of the loan will be based upon the useful life of the asset not to
				exceed thirty (30) years.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 3 - BUSINESS READY COMMUNITY LOAN INFORMATION › Section 3-6 - Security Interest

Current through July 13, 2024
(a) A loan shall be
				adequately collateralized as recommended by the Council and determined by the
				Board. The Council may recommend, and the Board may require a first position
				security interest in the revenue generating facility and the related user fees
				or assessments. Other security may be required as determined by the Council and
				approved by the Board. A borrower shall be required to maintain adequate
				insurance on the proposed infrastructure, pay applicable taxes and assessments
				when due and maintain the infrastructure in good condition. An applicant shall
				be required to provide a complete appraisal on the collateral. The Council
				reserves the right to review and accept the appraisal or to hire a third party
				to perform an appraisal at the cost of the applicant. An appraisal may be
				waived in the event Council staff determine the project has sufficient equity
				coverage without considering the value of the collateral.
(b) Loans may be made as non-recourse loans.
				If the borrower defaults, the Council can seize collateral but will not seek
				any further compensation from the borrower.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 3 - BUSINESS READY COMMUNITY LOAN INFORMATION › Section 3-7 - Election Determination

Current through July 13, 2024
An election approving the project and borrowing for the
				  project by the qualified electors of the borrowing entity shall be required
				  only if the Attorney General or the applicant's attorney determines such an
				  election is required by law.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 3 - BUSINESS READY COMMUNITY LOAN INFORMATION › Section 3-8 - Loan Evaluation

Current through July 13, 2024
(a) In additional
				to Application Evaluation criteria in Chapter 1, Council staff shall evaluate a
				loan application utilizing the following criteria:
(i) Whether the user fees or assessments
				generated by the project will be sufficient so that the loan may be considered
				a reasonable and prudent investment of state funds; and
(ii) If applicable, whether the applicant is
				current on repayment obligations to the BRC account or other state loan
				accounts on any other existing loans.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 3 - BUSINESS READY COMMUNITY LOAN INFORMATION › Section 3-9 - Council Consideration

Current through July 13, 2024
The Council shall consider each application; allow for
				  comments from the public, the applicant and the Council staff; and refer to the
				  Board a recommendation including the amount of the loan, the term of the loan
				  and the type of security required to secure the loan.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 3 - BUSINESS READY COMMUNITY LOAN INFORMATION › Section 3-10 - Disbursement of Loan Proceeds

Current through July 13, 2024
Funds shall be disbursed to the applicant as needed to
				  discharge obligations incurred in accordance with the Board approved eligible
				  project costs. Requests for disbursement shall be made via the online grant and
				  loan management system access to which shall be provided by the Council staff.
				  Disbursement requests shall be supported by adequate proof that such an
				  obligation has been incurred for the project purpose and is due and
				  owing.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 4 - BUSINESS READY COMMUNITY MANAGED DATA CENTER COST REDUCTION FUNDING › Section 4-1 - Authority

Current through July 13, 2024
Rulemaking for this program is the responsibility of the
				  Wyoming Business Council as authorized by
				  W.S.
				  9-12-104(a)(iv) and W.S.
				  9-12- 601.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 4 - BUSINESS READY COMMUNITY MANAGED DATA CENTER COST REDUCTION FUNDING › Section 4-2 - Maximum Amount and Match

Current through July 13, 2024
(a) The maximum
				grant amount for a Managed Data Center Cost Reduction project is two million
				two hundred fifty thousand ($2,250,000). The grant amount will be determined by
				the business's match amount.
(b)
				The grant shall require a minimum private investment match that is at least one
				hundred twenty-five percent (125%) greater than the "Managed Data Center Cost
				Reduction" grant. No less than fifty percent (50%) of the match shall be
				calculated by the net wages, not including benefits, of those employees earning
				one hundred fifty percent (150%) of the median wage for all occupations in all
				industries within the county in which the project will take place and are at
				the state industry average wage. Nor more than fifty percent (50%) of the match
				shall be calculated by the private capital investments in taxable items. The
				following table shows three (3) examples of grant amounts and the required
				match. The match can be realized up to five (5) years.
Total Grant
							 Amount
Percent of Minimum
							 Consideration
Minimum Required Match (Realized
							 over 5 years)
Minimum Percent of Required
							 Consideration Comprised of Wages (100% of which are 150% of the County
							 Median)
Minimum Required Wages (100% of
							 which are 150% above County Median)
Maximum Private Capital
							 Investment in Taxable Items Allowable as Consideration
$ 2,250,000
125%
$ 2,812,500
50%
$ 1,406,250
$ 1,406,250
$ 1,500,000
125%
$ 1,875,000
50%
$ 937,500
$ 937,500
$ 750,000
125%
$ 937,500
50%
$ 468,750
$ 468,750
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 4 - BUSINESS READY COMMUNITY MANAGED DATA CENTER COST REDUCTION FUNDING › Section 4-3 - Eligible Project Activities

Current through July 13, 2024
Grants for Managed Data Center Cost Reduction projects may be
				  used for the reduction of the costs of electrical power, broadband or both for
				  Managed Data Centers.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 4 - BUSINESS READY COMMUNITY MANAGED DATA CENTER COST REDUCTION FUNDING › Section 4-4 - Fund Disbursement, Project Monitoring and Project Evaluation

Current through July 13, 2024
(a) Managed Data
				Center Cost Reduction projects are subject to all requirements listed in
				Chapter 1, Section
				14 and the following:
(i) Funds shall only be disbursed for
				businesses that are in operation in the jurisdiction of the applicant. Funds
				may be disbursed over five (5) years if the applicant achieves the match
				requirement. Annual grant disbursements may total no more than one-third (1/3)
				the total amount in addition to the unused balance available from previous
				grant years.
(ii) If the Council
				staff determines that a business participating in a Managed Data Center Cost
				Reduction project is not operating within one (1) year from the time the grant
				is approved, the grant will automatically expire. Based on information supplied
				by the award recipient, Council staff may grant an extension of time in which
				the business must start operations.
(iii) If the Council staff determines that
				five (5) years has elapsed since the commencement of operations of a business
				participating in a Managed Data Center Cost Reduction project and the match
				requirement has not been met, then the full or partial amount of grant
				disbursed to the applicant may be reimbursed to the BRC account.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Chapter 4 - BUSINESS READY COMMUNITY MANAGED DATA CENTER COST REDUCTION FUNDING › Section 4-5 - Application Procedures

Current through July 13, 2024
(a) Each applicant
				under this Chapter shall follow the application requirements in Chapter
				1.
(b) In addition to other
				requirements listed for a development agreement in Chapter 1, the following
				shall be included:
(i) An agreement that the
				business will repay all grant funds expended at a reasonable rate of return as
				negotiated with the applicant and approved by the Council if the business
				relocates from the political subdivision within five (5) years from first
				receiving funds;
(ii) An agreement
				that the business will repay all grant funds expended at a reasonable rate of
				return as negotiated with the applicant and approved by the Council if the
				business does not meet its match requirements within five (5) years from first
				receiving funds;
(iii) An
				understanding of the required match and job creation requirements;
(iv) The terms of the fund disbursements and
				a statement of which utility costs will be reduced using the grant funds and in
				what amount;
(v) A written timeline
				for the business to become operational and a signed commitment to meet the
				milestones within that timeline;
(vi) An offer by the business and an
				acceptance or rejection by the applicant to provide a stated amount of
				information technology storage services to the applicant at a price discounted
				from the fair market value of the services;
(vii) If applicable, a signed lease agreement
				or memorandum committing the applicant and business to follow the terms of
				lease agreement.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0001 - Business Ready Community Grant And Loan Program › Appendix A

Current through July 13, 2024
County
Median Hourly Wage, All Occupations
(2006)
150% Median Wage All Occupations
(2006)
Albany
$13.70
$20.55
Big Horn
$14.32
$21.48
Campbell
$17.23
$25.85
Carbon
$13.14
$19.71
Converse
$13.14
$19.71
Crook
$12.36
$18.54
Fremont
$12.22
$18.33
Goshen
$11.07
$16.61
Hot Springs
$10.24
$15.36
Johnson
$10.36
$15.54
Laramie
$12.66
$18.99
Lincoln
$14.58
$21.87
Natrona
$12.60
$18.90
Niobrara
$9.79
$14.69
Park
$12.35
$18.53
Platte
$14.05
$21.08
Sheridan
$12.13
$18.20
Sublette
$14.79
$22.19
Sweetwater
$16.85
$25.28
Teton
$14.46
$21.69
Uinta
$13.50
$20.25
Washakie
$12.29
$18.44
Weston
$13.68
$20.52
Source for the Median Hourly Wage data Wyoming Department of
				Employment available on its website: http://www.doe.state.wy.us/lmi [File Link
				Not Available]
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0004 - Economic Planning And Partnership Challenge Loan Program › Chapter 1 - WYOMING PARTNERSHIP CHALLENGE LOAN PROGRAM › Section 1-1 - Purpose

Current through July 13, 2024
a. These rules are adopted in order to
				implement W.S. 9-12-301 through
				9-12-307, which provide for the
				making of loans to eligible community development organizations, state
				development organizations, and businesses. The rules provide for a method of
				application, review and recommendation, the establishment of terms and
				conditions of loans, and a hearing process;
b. Language in this chapter applies to all
				chapters 1-5 unless otherwise specified.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0004 - Economic Planning And Partnership Challenge Loan Program › Chapter 1 - WYOMING PARTNERSHIP CHALLENGE LOAN PROGRAM › Section 1-4 - Eligible Applicants

Current through July 13, 2024
a. Any community
				development organization, state development organization, business requesting
				"bridge financing" as defined under section
				3(m), or a business
				requesting a "guarantee loan participation" as defined under section
				3(h) may submit an
				application to the Council for review and recommendation to the Board of
				Directors, as defined by legislation. Only complete applications shall be
				submitted to the Council.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0004 - Economic Planning And Partnership Challenge Loan Program › Chapter 1 - WYOMING PARTNERSHIP CHALLENGE LOAN PROGRAM › Section 1-6 - Review and Recommendation

Current through July 13, 2024
a. Completed
				applications shall be reviewed by Council staff to determine eligibility,
				completeness, and credit-worthiness.
b. Applications that are determined by
				Council staff to be incomplete shall be provided an explanation of the findings
				in writing within fifteen (15) working days of their receipt where
				practical.
c. Council staff will
				formulate a recommendation for complete applications to the Board of Directors
				utilizing the criteria in
				W.S.
				9-12-303 and
				9-12-304;
(i) to include:
A. if the total loan amount to a single
				community development organization does not exceed five hundred thousand
				dollars ($500,000.00) or three million five hundred thousand dollars
				($3,500,000.00) to a state development organization;
B. if the total loan amount to a business
				applying for "bridge financing" does not exceed 35% of the total project costs
				or five hundred thousand dollars ($500,000.00) whichever is less or a loan to a
				business qualifying for a "guarantee loan participation" shall not exceed 50%
				of the loan or one million dollars ($1,000,000.00), whichever is
				less;
C. if there are sufficient
				funds in the economic development enterprise account to fully fund it and all
				other outstanding commitments and loans;
D. if funds provided by the state are
				adequately collateralized. The adequacy of the collateral shall be determined
				by Council staff at no more than 85% loan to value;
E. if the application for the loan or loan
				commitment is submitted on or after September 1, 1996;
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0004 - Economic Planning And Partnership Challenge Loan Program › Chapter 1 - WYOMING PARTNERSHIP CHALLENGE LOAN PROGRAM › Section 1-8 - Servicing Agents

Current through July 13, 2024
a. The Council may
				undertake to act either directly or indirectly as the loan-servicing agent, or
				to contract for that service.
b.
				The Servicing agent may be responsible for loan packaging, closing,
				documentation, loan portfolio management, collection and reporting, and other
				duties as required under the loan servicing agreement.
c. It will remain the responsibility of the
				Council to monitor the performance of the portfolio through frequent meetings
				with the Servicing agent.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0004 - Economic Planning And Partnership Challenge Loan Program › Chapter 1 - WYOMING PARTNERSHIP CHALLENGE LOAN PROGRAM › Section 1-9 - Board of Directors Meeting

Current through July 13, 2024
a. The Board of
				Directors shall meet at the call of the chairman, the secretary or upon request
				of the majority of its members in accordance with
				W.S.
				16-4-401 through
				16-4-407, Public Meetings, and in
				accordance with W.S.
				W.S.
				9-12-103 (d).
b. The Board of Directors shall conduct
				application reviews at a public meeting with a quorum of the Board of
				Directors. Board members may be physically present or participate through tele-
				or video-conference. Loans shall be approved by a majority, affirmative vote of
				the members of the Board of Directors voting on the matter. The Board of
				Directors reserves the right to go into Executive Session should it determine
				matters to be discussed are proprietary or confidential in nature.
c. The Board of Directors shall reserve the
				right to vote on requests for changes in loan commitments, internal policy
				matters, or other similar internal business affairs of the Board of Directors,
				by tele- or video-conference. Minutes will be kept of the tele- or
				video-conference discussion and the vote duly recorded and made a part of the
				minutes.
d. The Board of Directors
				reserves the right to declare a moratorium upon the acceptance of
				applications.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0004 - Economic Planning And Partnership Challenge Loan Program › Chapter 1 - WYOMING PARTNERSHIP CHALLENGE LOAN PROGRAM › Section 1-10 - Reporting and Audit

Current through July 13, 2024
a. The Council
				shall submit to the State Banking Commissioner a portfolio report of all loans
				as of December 31 no later than January 15. The State Banking Commissioner
				shall schedule an audit of the loan portfolio report on or before April 1 with
				a completed audit report presented to the Council on or before May 1.
b. On or before July 15 of each year, the
				Council shall submit a written report to the Joint Minerals, Business and
				Economic Development Interim Committee reviewing rules adopted by the Council
				during the reporting period, presenting a portfolio of loans made under the
				programs and presenting a risk analysis of the portfolio of loans prepared by
				the State Banking Commissioner.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0004 - Economic Planning And Partnership Challenge Loan Program › Chapter 2 - ECONOMIC DISASTER LOANS › Section 2-1 - Purpose

Current through July 13, 2024
a. These rules are adopted in order to
				implement W.S. 9-12-301 through
				9-12-307, in order to permit loans
				to business affected by economic disaster, specifically, W.S.
				W.S.
				9-12-301 (a) (i) (v),
				
										9-12-302 (a),
				
										9-12-304 (a) (intro). (b) (i) and (c). The
				rules provide for a method of application, review and recommendation, the
				establishment of terms and conditions of loans, and a hearing
				process.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0004 - Economic Planning And Partnership Challenge Loan Program › Chapter 2 - ECONOMIC DISASTER LOANS › Section 2-2 - Eligible Applicants

Current through July 13, 2024
a. Any business or
				group of businesses may apply to the Council for designation of an area of the
				state as an area in which an economic disaster as defined in
				W.S.
				9-12-301 (a) (v) has occurred, through the
				submission of an application to the Council, as defined by legislation. Only
				complete applications shall be submitted to the Council.
b. Any business which has been directly
				impacted in the form of lost revenues, by an economic disaster, as determined
				by the Council to have occurred in Wyoming, may apply for an Economic Disaster
				Loan, through the submission of an application to the Council or its Servicing
				agent, as defined by legislation. Only complete applications shall be submitted
				to the Council.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0004 - Economic Planning And Partnership Challenge Loan Program › Chapter 2 - ECONOMIC DISASTER LOANS › Section 2-3 - Application Process for Designation Of An Economic Disaster Area

Current through July 13, 2024
a. All applications for declaration of an
				Economic Disaster Area shall be submitted on the required forms. Complete
				applications will be accepted at any time and scheduled for final review and
				approval or denial by the Board of Directors on a first-come, first-served
				basis.
b. One (1) copy of the
				application shall be submitted to the Council offices at:
Wyoming Business Council
214 West 15th Street
Cheyenne, Wyoming 82002
c. Every application shall include:
(i) a detailed description of the economic
				disaster event which has occurred, which has resulted in lost revenues to
				directly affected Businesses;
(ii)
				documentation which substantiates the lost revenues, the geographic area in
				which the economic disaster has occurred, and that the event was not within the
				control of the affected businesses; and
(iii) certification that all statutory
				requirements will be met.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0004 - Economic Planning And Partnership Challenge Loan Program › Chapter 2 - ECONOMIC DISASTER LOANS › Section 2-4 - Application Process For An Economic Disaster Loan

Current through July 13, 2024
a. All
				applications for Economic Disaster Loans shall be submitted on the required
				forms. Complete applications will be accepted at any time and scheduled for
				final review and approval or denial by the Board of Directors on a first-come,
				first-served basis.
b. One (1) copy
				of the application shall be submitted to the Council offices at:
Wyoming Business Council
214 West 15th Street
Cheyenne, Wyoming 82002
c. Every application shall include, unless
				waived by the Council
the following at a minimum:
(i) three (3) years of financial and tax
				statements, plus detailed and complete current financial statements of the
				Business and the owner(s);
(ii)
				pro-forma cash-flow statement projections of the Business for a minimum of one
				(1) year;
(iii) a statement that
				such funds for the Economic disaster loan are not available from the
				private-sector at a like term and interest rate;
(iv) a detailed repayment plan of the
				Borrower;
(v) certification that
				all statutory requirements will be met; and
(vi) proposed collateral and personal
				guarantees for the loan.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0004 - Economic Planning And Partnership Challenge Loan Program › Chapter 2 - ECONOMIC DISASTER LOANS › Section 2-5 - Review and Recommendation

Current through July 13, 2024
a. Completed
				requests for declaration of an Economic Disaster Area shall be reviewed by
				Council staff to determine eligibility and completeness. The Council may
				require whatever documentation is necessary to verify the extent of the
				economic impact, and may use good faith estimates of lost revenues to
				Businesses in determining whether an event qualifies as an economic
				disaster.
b. Completed Economic
				Disaster Loan application shall be reviewed by Council staff to determine
				eligibility, completeness, and credit-worthiness. Incomplete applications will
				not be forwarded to the Board of Directors.
c. Applications that are determined by
				Council staff to be incomplete shall be returned to the applicant with an
				explanation of the findings in writing within fifteen (15) working days of
				their receipt where practical.
d.
				Council staff will formulate a recommendation for complete applications to the
				Board of Directors. The Board of Directors will take into account the statutory
				requirements and the criteria in
				W.S.
				9-12-303 and
				9-12-304,
(i) to include:
A. if the total loan amount to a single
				eligible Business does not exceed five hundred thousand dollars
				($500,000.00);
B. if there are
				sufficient funds in the economic development enterprise account to fully fund
				it and all other outstanding commitments and loans;
C. if funds provided by the state are
				adequately collateralized. The adequacy of the collateral shall be determined
				by the Board of Directors;
D. if
				the application for the loan or loan commitment is submitted on or after
				September 1, 1996;