reglab/statecodes huggingface dataset:
Wyoming Administrative Code › Agency 057 - Community College Commission, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 6 - APPROVAL FUNCTIONS › Section 6-4 - Approving New Bachelors of Applied Science (BAS) Degree Programs

Current through July 13, 2024
(a) Community
				Colleges requesting approval of a new BAS program shall submit an application
				confirming not only the same provisions of Section  2(a), (b), (c)  above, but
				also the identification or completion of;
(i)
				Date of Board of Trustees Resolution to offer baccalaureate degrees.
(ii) Date of Commission authorization to
				proceed with the substantive change process.
(iii) Anticipated date of accrediting body
				acknowledgement of change request.
(iv) Anticipated date of accrediting body
				Change Visit.
(v) A 5-year business
				plan assessing the fiscal sustainability of the new program.
(vi) An assessment plan showing student
				learning outcomes for BAS programs is distinct from those at the associate's
				degree level.
(vii) A definition of
				what constitutes and differentiates lower division from upper division
				coursework.
(viii) Clear definition
				of faculty qualifications required for upper-level courses.
(ix) Adequate evidence to demonstrate faculty
				have played a significant role in development and approval of the
				program.
(x) Demonstration of the
				pathways for students to enter the program at various points.
(xi) Demonstrated ability and capacity to
				provide adequate and appropriate support services to students enrolled in BAS
				programs.
(xii) Demonstrated
				ability and capacity to provide adequate and appropriate academic services to
				students enrolled in BAS programs.
Wyoming Administrative Code › Agency 057 - Community College Commission, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 6 - APPROVAL FUNCTIONS › Section 6-5 - Approving Wyoming Works Credit and Non-Credit Programs

Current through July 13, 2024
(a) Community
				colleges shall submit approved credit programs and non-credit programs or
				courses to the commission for consideration for Wyoming Works
				approval.
(b) Credit programs are
				programs that lead to an industry-recognized certificate, license or permit, or
				certificates and degrees awarded by colleges that meet identified
				qualifications for working in an occupation identified as an economic or
				workforce need in Wyoming.
(c)
				Non-credit programs or courses are educational activities that lead to an
				government- or industry-recognized certificate, license or permit that meet
				identified qualifications for working in an occupation identified as an
				economic or workforce need in Wyoming.
(d) Community colleges submitting a program
				for Wyoming Works student funding shall submit a program approval coversheet
				addressing:
(i) the alignment of the credit
				program or non-credit program or courses with an economic and labor need in the
				community or region to be served as identified by a Next Generation Sector
				Partnership, ENDOW, or other data that supports a workforce need;
(ii) the proposed student award
				level;
(iii) projected enrollment
				numbers in the program or course for the next five (5) years; and projected
				time to completion of the program or course.
Wyoming Administrative Code › Agency 057 - Community College Commission, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 6 - APPROVAL FUNCTIONS › Section 6-7 - Annexation of Additional Counties Into An Existing District

Current through July 13, 2024
(a) Process to
				consider annexation of a county into an existing district that shares, or does
				not share, a common border.
(i) The Commission
				shall develop and provide an application for the annexation of an additional
				county(s) into an existing community college district.
(ii) A complete copy of the petition
				submitted to the Board of Trustees of the existing community college district
				shall accompany the application.
(iii) The Commission shall, during a regular
				meeting, consider the petition for a new county be annexed into an existing
				community college district.
(iv)
				The Commission shall issue its final decision with Findings of Fact,
				Conclusions of Law, Decision and Order. The document and certificate of service
				shall be sent to the party or parties representing the petitioning county and
				the existing community college district board of trustees. This decision is the
				final agency action.
Wyoming Administrative Code › Agency 057 - Community College Commission, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 6 - APPROVAL FUNCTIONS › Section 6-8 - Service Areas and Out-Of-District Instruction

Current through July 13, 2024
(a) Pursuant to
				1991 Post Secondary Omnibus Act, Wyoming Session Laws Chapter 228, the
				Commission took official action on December 10, 1991 to establish seven service
				areas with geographical boundaries in conjunction with Wyoming community
				colleges. Service areas as established by the Commission on December 10, 1991
				may be modified according to the procedures in this section
(b) The Commission may modify community
				college service areas on its own initiative or if requested by any community
				college or any Wyoming board of county commissioners.
(c) If the Commission considers modifying
				service districts on its own initiative, it shall notify each college and board
				of county commissioners of the public hearing, including the date and location,
				no less than thirty (30) days before the hearing.
(d) Before applying for a modification, the
				colleges or counties requesting a service area change, shall consult with each
				impacted college and county to explore operational changes that may alleviate
				the need to modify services areas. Colleges or counties requesting a service
				area change resulting in a county being added to a different college's service
				area shall seek approval from the potentially receiving district.
(e) Any college or county requesting a
				service area modification shall submit an application to the Commission. The
				application shall include:
(i) A statement
				describing consultation efforts undertaken pursuant to subsection (d) of this
				section;
(ii) An explanation of how
				the service area modification illustrating how the requested modification
				benefits Wyoming community college students; and
(iii) An explanation of how the service area
				modification aligns with state priorities as expressed in the Wyoming Community
				College System Statewide Strategic Plan.
(iv) Any county pursuing inclusion into an
				existing service area must have a contiguous border to a county within that
				service area or be contiguous with the existing community college district and
				must encompass an entire county pursuant to 2000 Wyoming Session Laws, Chapter
				73
Wyoming Administrative Code › Agency 057 - Community College Commission, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 6 - APPROVAL FUNCTIONS › Section 6-9 - Approving Capital Construction Projects

Current through July 13, 2024
(a) Community
				colleges shall submit new capital construction project proposals, pursuant to
				W.S. 21-18-202(d)(v)(A), (B) and (C)  and W.S. 21-18-225, to the Commission in
				accordance with Chapter 5, Section  11  of
Commission
				Rules
.
(b) A Level I study
				shall be completed prior to submission of any capital construction project for
				authorization or approval.
(c) Each
				community college shall maintain a 5-year master plan for its campus and other
				facilities, and it shall be submitted to the Commission whenever an existing
				plan is updated or amended or when the plan is completely re-written.
(d) Submission of a capital construction
				project proposal shall be in a format approved by the Commission and shall
				include:
(i) Specific identification of the
				proposed project and its priority within the community college's master plan
				along with assurance that the proposed project supports the
WY
				Community College Commission Statewide Strategic Plan
.
(ii) Estimated gross square footage by space
				use code as recognized by the Postsecondary Education Facilities Inventory and
				Classification Manual.
(iii)
				Estimated construction, design and contingency costs, as well as any costs not
				directly related to construction (demolition, land acquisition, special
				assessment, required landscaping and furnishings not considered fixtures,
				furniture and equipment).
(iv)
				Specific identification and rating of projects that address life safety
				issues.
(v) Provision of a
				facilities condition index as described in the Facilities
Handbook
and the Users' Manual for the capital construction
				database model.
Wyoming Administrative Code › Agency 057 - Community College Commission, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 7 - REVIEW AND REPORT FUNCTIONS › Section 7-3 - Reporting Accreditation Studies

Current through July 13, 2024
(a) Each community college shall provide to
				the Commission a copy of any institutional or specialized accreditation study
				and any subsequent college or accrediting agency follow-up reports required as
				a condition of initial or continuing accreditation within thirty days (30) of
				receipt from the accrediting body.
(b) The Commission shall review each district
				as outlined in
				W.S.
				21-18-202(e)(iii), and the
				review shall occur at the same time as the accreditation review by the regional
				accrediting agency.
(c) Community
				colleges shall report to the Commission any request for a change in statement
				of affiliation status that would affect off-campus sites.
(d) Community colleges shall report to the
				Commission any successful program accreditation by industry and professional
				groups.
(e) The Commission shall
				prepare summary reports for distribution to the governor, the legislature, and
				other interested parties.
(i) The Commission's
				report will include strengths, concerns, accreditation status, required
				reports/visits, and accreditation agency's action taken from the regional
				accreditor's final official accreditation reaffirmation report and from the
				letter of formal notification status of Higher Learning Commission
				affiliation.
Wyoming Administrative Code › Agency 057 - Community College Commission, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 7 - REVIEW AND REPORT FUNCTIONS › Section 7-4 - Reporting Financial and Enrollment Audits

Current through July 13, 2024
(a) Community college audits shall be
				accomplished in the manner set forth in
				W.S.
				16-4-121.
(b) Community college audits shall include a
				financial and compliance audit that meets recognized industry standards, the
				audit requirements of any federal agencies participating in a program of the
				community college, the reporting requirements of the Department of Audit, and
				the NACUBO reporting requirements of the Commission.
(c) Each community college shall request
				their independent auditor to provide audit reports to the community college
				board of trustees, the Commission, and the Budget Division of the Department of
				Administration and Information by December 31 of each year pursuant to W.S.
				W.S.
				16-4-122 and
				21-18-204.
(d) By October 1 of every even numbered year,
				the community colleges shall provide a report of expenditures made for
				emergency repair, preventive maintenance, and renewal projects funded or
				partially funded by the contingency reserve account. The listing shall cover
				the previous biennium and shall be provided in a Commission approved format as
				shown in its
Facilities Handbook
.
(e) The community colleges shall submit
				adopted fiscal year budgets to the Commission by July 31 of each
				year.
(f) The community colleges
				shall submit a Biennial Funding Report (BFR) to the Commission by September 1
				of each year in the format shown in the
Fiscal Handbook
.
				Adjustments made by community college boards to annual budgets, and therefore
				to the BFR, shall be submitted as soon as possible after adoption by a
				community college board.
(g) Each
				community college shall provide to the Commission enrollment data per the
				schedule in the
Data Collection & Reporting Requirements
				Handbook
. These data elements shall be used to create Commission
				approved publications four times yearly. The draft reports shall be reviewed by
				the community college prior to presentation to the Commission.
(h) Community college data that pertain to
				the reporting of full time equivalent student headcounts as well as course
				level of instruction coding shall be audited by the Commission in accordance
				with W.S.
				21-18-202(e)(ii). Along with
				these two core audit topics, additional audit components may be added to
				further validate the student headcounts that relate to full time equivalency
				headcount reported by the colleges. These additional audit components, referred
				to as ancillary audit items, shall be presented to the Commission.
Wyoming Administrative Code › Agency 057 - Community College Commission, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 7 - REVIEW AND REPORT FUNCTIONS › Section 7-5 - Reporting Partnership Outcomes

Current through July 13, 2024
(a) Each community college shall annually
				provide to the Commission the number of partnerships it participated in during
				the preceding year and a list of major partnership projects completed in the
				previous academic year on a Commission developed template. The report will
				include a brief summary for each major partnership to be comprised of, but not
				limited to, the partnership's goals and objectives as well as performance and
				outcomes.
(b) The Commission shall
				compile a summary of partnerships and their outcomes for distribution to the
				governor, the legislature, and other interested parties.
Wyoming Administrative Code › Agency 057 - Community College Commission, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 7 - REVIEW AND REPORT FUNCTIONS › Section 7-6 - Providing Annual Reports

Current through July 13, 2024
(a) The Commission shall maintain appropriate
				storage of data to fulfill its review and reporting functions. The community
				colleges shall adhere to the administrative computing practices (data input)
				outlined in the Commission's common data element dictionary, the
Data
				Collection & Reporting Requirements Handbook
. Administrative
				computing data fields in the community college's ACS not required for
				Commission data collection may be utilized by the community colleges for their
				own purposes. Should future reporting requirements require the use of these
				data fields within the college's ACS, the Data Governance/Institutional
				Research Council and subject-matter expert functional groups will determine the
				standard data to be entered into this field. If a community college had
				previously used the proposed data field to store data that does not meet the
				standard, it will be necessary for that college to change the data to match the
				agreed upon standard in order to maintain a common data elements
				dictionary.
(b) The studies and
				reports endorsed by statutory language necessitate periodic collection of data
				elements common to educational research. The Commission's
Data
				Collection & Reporting Requirements Handbook
shall specify the
				timelines for submission of periodically collected data elements. These data
				elements shall be reviewed annually by the Data Governance/Institutional
				Research Council with regard to contemporary progress in the educational
				research field as well as to ensure implemented changes have been disseminated
				to areas affected and recorded properly.
(c) The Commission shall request data from
				the community colleges and securely maintain this data in compliance with
				FERPA. Reports shall be structured so that personal identification of students
				will not be possible.
Wyoming Administrative Code › Agency 057 - Community College Commission, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 7 - REVIEW AND REPORT FUNCTIONS › Section 7-7 - Reporting on the Achievement of Statewide Priorities

Current through July 13, 2024
(a) The community colleges shall provide
				annual reports to the Commission on performance of their individual community
				college along with measures indicating achievement of statewide interests as
				specified in the
WY Community College Commission Statewide Strategic
				Plan
.
(b) In accordance
				with W.S.
				21-18-202(e)(v)(A)(B)(C),
				the Commission shall provide individual and college system annual reports to
				the legislature and governor on the achievement of statewide priorities as
				specified in the
WY Community College Commission Statewide Strategic
				Plan
.
(i) The Commission and
				community colleges shall collaborate to define the report formats, methodology
				and data elements required in preparing the reports along with a reasonable
				timeline for completion of such reports.
Wyoming Administrative Code › Agency 057 - Community College Commission, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 7 - REVIEW AND REPORT FUNCTIONS › Section 7-8 - Reporting on Capital Construction and Major Maintenance

Current through July 13, 2024
(a) In accordance with
				W.S.
				21-18-225(c) through (k),
				the Commission shall report prioritized construction needs, or subsequent
				modified construction needs to the State Construction Department.
(b) Community colleges shall submit a
				prioritized 5-year list of construction needs proposals for the square footage
				that is aligned with the
WY Community College Commission Statewide
				Strategic Plan
to the Commission for inclusion in the report to the
				State Construction Department by October 1 of each year.
(c) Community colleges shall submit
				modifications to the prioritized construction needs to the Commission, along
				with justification and changes to the college's master plan.
(d) The Commission shall provide the
				prioritized construction list to the State Construction Department no later
				than November 1 of every year.
(e)
				The commission shall provide to the State Construction Department the actual
				gross square footage of college facilities eligible for major maintenance in
				accordance with Chapter 5, Section 10 of these
Commission
				Rules
.
Wyoming Administrative Code › Agency 057 - Community College Commission, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 8 - IMPLEMENTING FUNCTIONS › Section 8-3 - Establishing Reasonable Data Submission Timelines

Current through July 13, 2024
(a) The Commission shall establish reasonable
				deadlines for the submission of data. Timelines shall depend on the complexity
				and the amount of data to be collected.
(b) The collection schedule of survey data
				for outcome indicators shall be established at the beginning of the year in
				which data are to be collected or shall be noted in the
Data Collection
				& Reporting Requirements Handbook.
(c) The procedure for collection of data
				elements from the ACS shall be stated in the
Data Collection &
				Reporting Requirements Handbook
.
(d) The collection of information for ad hoc
				requests such as legislative data requests or those from national organizations
				shall follow the procedure approved by the Executive Council.
Wyoming Administrative Code › Agency 057 - Community College Commission, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 8 - IMPLEMENTING FUNCTIONS › Section 8-4 - Assuring Uniform Accounting Practices

Current through July 13, 2024
(a) The community colleges shall adhere to
				the NACUBO standards and to the AICPA standards in accounting to insure uniform
				accounting of financial data.
(b)
				The fiscal operations of the community colleges shall comply with the Uniform
				Municipal Fiscal Procedures Act
				W.S.
				16-4-101 through
				16-4-125.
(c) Where conflicts exist between the Uniform
				Municipal Fiscal Procedures Act and NACUBO practices, the Uniform Municipal
				Fiscal Procedures Act shall take precedence.
(d) The process by which the community
				colleges' annual budgets are established shall conform to the provisions of the
				Uniform Municipal Fiscal Procedures Act.
Wyoming Administrative Code › Agency 057 - Community College Commission, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 8 - IMPLEMENTING FUNCTIONS › Section 8-5 - Withholding State Appropriations

Current through July 13, 2024
(a) The Commission may withhold up to five
				percent (5%) of state appropriations from any community college not in
				compliance with statute or the rules of the Commission pursuant to
				W.S.
				21-18-202(f)(iii).
(i) Any appropriation amount withheld shall
				be subject to the following procedural requirements:
(A) Community colleges not in compliance with
				the
Commission Rules
shall receive written notice of
				noncompliance at least sixty (60) days prior to the withholding of any amount
				of appropriation authorized by the legislature. The written notice shall
				identify the amounts to be withheld from quarterly funding distributions and
				the conditions required to resume or restore funding. Community colleges
				identified as noncompliant may request a hearing before the Commission under
				the provisions of Chapter 2, Section 10 of
Commission
				Rules
.
(B) Community
				colleges not in compliance with the
Commission Rules
may have
				withheld amounts restored, or future reductions eliminated, or both, by
				demonstrating compliance.
Wyoming Administrative Code › Agency 057 - Community College Commission, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 8 - IMPLEMENTING FUNCTIONS › Section 8-6 - Advancing Legislative Proposals

Current through July 13, 2024
(a) Proposals for legislative action on
				behalf of the community colleges shall be submitted to the executive director
				for inclusion on the agenda of the Executive Council to initiate collaborative
				discussion according to the
WCCC Policy on
				Consultation
.
(b) Upon
				approval of the Executive Council a legislative proposal shall be communicated
				to the commissioners by the executive director.
Wyoming Administrative Code › Agency 057 - Community College Commission, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 8 - IMPLEMENTING FUNCTIONS › Section 8-7 - Adopting Rules and Regulations

Current through July 13, 2024
(a) If any provision of
Commission
				Rules
is held invalid, all other rules shall remain valid and
				effective.
(b) Amendments to
Commission Rules
shall be promulgated under the Wyoming
				Administrative Procedure Act
				W.S.
				16-3-101 through
				16-3-115.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 1 - MORTGAGE PURCHASE PROGRAM › Section 1-1 - Authority

Current through July 13, 2024
These rules and regulations are adopted pursuant to
				  Sections
										9-7-101 through
				  9-7-125 of the Wyoming Statutes, as
				  amended, with respect to the Single Family Mortgage Purchase Program of the
				  Wyoming Community Development Authority (the "Authority"). The Authority is
				  authorized under WS
				  
										9-7-105(a)(iv) to adopt
				  rules and regulations for its housing and loan financing
				  programs.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 1 - MORTGAGE PURCHASE PROGRAM › Section 1-2 - Purpose and Objectives

Current through July 13, 2024
These Rules and Regulations are established to effectuate,
				  and shall be applied so as to accomplish, the general purposes of the Wyoming
				  Community Development Authority Act, as amended (the "Act") and the following
				  specific objectives:
(a) The expansion
				of the supply of funds in the state available for new and existing housing at
				reasonable rates; and
(b) The
				provision of the additional housing needed to remedy the shortage of adequate
				housing in this state.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 1 - MORTGAGE PURCHASE PROGRAM › Section 1-3 - Definitions

Current through July 13, 2024
As used in these Rules and Regulations, terms defined in the
				  Act have the meanings set forth therein and, unless the context otherwise
				  requires:
"Application" means an application to sell mortgage loans
				  filed by a mortgage lender with the Authority.
"Eligible Borrower" means persons and families whose total
				  annual family incomes do not exceed the maximum income levels, and who
				  otherwise satisfy the requirements, as authorized or established by the
				  Authority.
"Family" means a person or a group of persons consisting of,
				  but not limited to, the head of a household, the spouse, if any, and children,
				  if any, who are allowable as personal exemptions for federal income tax
				  purposes.
"Mortgage" includes a mortgage, mortgage deed or other
				  instrument creating a first lien on a fee interest or leasehold interest in
				  real property located within the state.
"Mortgage Loan" means a loan secured by a mortgage made to an
				  eligible borrower for the purchase of an owner-occupied single family residence
				  (which may include up to four units, one of which must be owner-occupied) for
				  residential use in the state; provided that loans may be made for home
				  improvements or down payment/closing costs assistance without being secured by
				  a mortgage upon authorization by Authority resolution.
"Mortgage Purchase Agreement" means an agreement between the
				  Authority and a mortgage lender pursuant to which the Authority agrees to
				  purchase mortgage loans from the mortgage lender from time to time on the terms
				  and conditions set forth in the agreement.
"Program" means the Authority's program for purchase of notes
				  evidencing mortgage loans and the accompanying security called the "mortgage
				  purchase program."
"Residential Use" means primary use of a structure as the
				  principal residence of the occupant and does not include use as a vacation or
				  "second" home.
"Servicing Agreement" means an agreement between the
				  Authority and a mortgage lender, or its designated servicer as approved by the
				  Authority, for the servicing of mortgage loans purchased by the
				  Authority.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 1 - MORTGAGE PURCHASE PROGRAM › Section 1-4 - Applications to Sell Mortgage Loans

Current through July 13, 2024
(a) The Authority
				from time to time will invite mortgage lenders to originate mortgage loans to
				be sold to the Authority.
(b) An
				application and related program documents submitted by a mortgage lender must
				include:
(i) The types of mortgage loans
				which the mortgage lender desires to sell to the Authority;
(ii) Information regarding the mortgage
				lender's total assets, capital, surplus, undivided earnings and reserves as to
				its most recent available report, provided that in lieu thereof the Authority
				may rely upon the approval of a mortgage lender by the Federal National
				Mortgage Association, the Federal Home Loan Mortgage Corporation, the Federal
				Housing Administration or any other mortgage insurer or purchaser as the
				Authority may approve by resolution; and
(iii) The unconditional agreement of the
				mortgage lender, upon acceptance of the application by the Authority, to sell
				mortgage loans to the Authority which comply with the terms of the
				program.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 1 - MORTGAGE PURCHASE PROGRAM › Section 1-5 - Allocation of Money for Mortgage Purchase

Current through July 13, 2024
(a) Money available
				to the Authority through the sale of its bonds or otherwise will from time to
				time be made available to mortgage lenders on such basis and in such manner as
				the Authority deems appropriate to effectuate its purposes. The Authority's
				determinations of the allocations of funds for mortgage purchase are
				conclusive.
(b) The obligation of
				the Authority to purchase any mortgage loans with the proceeds of the issuance
				of its bonds is subject to the issuance and sale of such bonds or other
				obligations of the Authority within the period prescribed in an amount
				sufficient to permit such purchase.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 1 - MORTGAGE PURCHASE PROGRAM › Section 1-6 - Yield on Mortgage Loans

Current through July 13, 2024
(a) Mortgage loans
				purchased by the Authority must in the aggregate bear interest at such rate or
				rates and be sold to the Authority at such price or prices as will in the
				aggregate produce a yield to the Authority sufficient to:
(i) Pay interest and principal on the
				Authority's bonds or other obligations;
(ii) Provide adequate reserves, if any, for
				the holders of the Authority's bonds or other obligations; and
(iii) Cover the related operating costs of
				the Authority.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 1 - MORTGAGE PURCHASE PROGRAM › Section 1-7 - Conditions of Mortgage Loans

Current through July 13, 2024
Each mortgage loan purchased under this program must be
				  insured or guaranteed in whole or in part by governmental or private mortgage
				  insurance, including the fund created by Section
										9-7-123 of the Wyoming Statutes, or otherwise
				  secured as provided in the resolution or trust indenture authorizing bonds of
				  the Authority, as provided in the mortgage purchase agreement, be secured by a
				  mortgage on a single-family residence in the state (unless otherwise provided
				  by the Authority), and meet the applicable terms and conditions set forth in
				  the mortgage purchase agreement and related program
				  documents.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 1 - MORTGAGE PURCHASE PROGRAM › Section 1-8 - Servicing of Mortgage Loans

Current through July 13, 2024
All mortgage loans purchased by the Authority must be
				  serviced by a qualified servicer pursuant to a servicing agreement, or by the
				  Authority.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 1 - MORTGAGE PURCHASE PROGRAM › Section 1-9 - Examination of Books and Records

Current through July 13, 2024
The Authority may conduct such examinations of the books and
				  records of each mortgage lender which has sold mortgage loans to the Authority
				  as the Authority deems necessary or appropriate to determine compliance with
				  the terms of the Act, these Rules and Regulations, the mortgage purchase
				  agreement and the servicing agreement. The Authority may require each mortgage
				  lender to pay the costs of any such examination.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 1 - MORTGAGE PURCHASE PROGRAM › Section 1-10 - Consent to Jurisdiction of District Court

Current through July 13, 2024
Each mortgage purchase agreement must require the mortgage
				  lender to consent to the jurisdiction of the district courts of the state in
				  any proceeding to enforce compliance with the terms of the Act, these Rules and
				  Regulations, the mortgage purchase agreement and the servicing
				  agreement.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 1 - MORTGAGE PURCHASE PROGRAM › Section 1-11 - Other Homeownership Programs

Current through July 13, 2024
The Authority may from time to time administer federal or
				  state grants or tax credit programs or programs under the Authority's Housing
				  Trust Fund or the Guaranty Fund to finance or facilitate homeownership,
				  consistent with the rules and regulations issued by the federal or state
				  government in conjunction therewith, and such additional criteria as the
				  Authority may authorize or establish to carry out the purpose of the
				  Act.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 1 - MORTGAGE PURCHASE PROGRAM › Section 1-12 - Purchase of Authority Bonds

Current through July 13, 2024
It is the policy of the Authority that no member, officer,
				  employee or agent of the Authority shall require or request that any mortgage
				  lender, who has applied for a mortgage purchase commitment from the Authority,
				  or any person related to any such mortgage lender, purchase bonds or
				  obligations of the Authority. Such policy shall be promptly communicated to all
				  employees of the Authority, and any violation of such policy shall be cause for
				  appropriate disciplinary action by the Authority.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 1 - MORTGAGE PURCHASE PROGRAM › Section 1-13 - Sale or Securitization of Mortgage Loans

Current through July 13, 2024
The Authority may, from time to time, sell or assign Mortgage
				  Loans (with or without servicing released), or may securitize Mortgage Loans
				  (with or without servicing released) into mortgage-backed securities (including
				  those sponsored by the federal Government National Mortgage Association or any
				  other federal, state or privately sponsored entity) and retain, sell or assign
				  such mortgage-backed securities.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 2 - LOANS FOR RENTAL HOUSING PROJECTS › Section 2-1 - Authority

Current through July 13, 2024
These regulations are adopted pursuant to
				  Sections
										9-7-101 through
				  9-7-125 of the Wyoming Statutes, as
				  amended, with respect to the Multi-Family Rental Housing Program of Wyoming
				  Community Development Authority (the "Authority"). The Authority is authorized
				  under W.S. W.S.
				  W.S.
				  9-7-105(a)(iv) to adopt
				  rules and regulations for its housing and loan financing
				  programs.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 2 - LOANS FOR RENTAL HOUSING PROJECTS › Section 2-2 - Purpose and Objectives

Current through July 13, 2024
These regulations are established to effectuate, and shall
				  be applied so as to accomplish, the general purpose of the Wyoming Community
				  Development Authority Act (the "Act") and the following specific
				  objectives:
(a) the expansion of the
				supply of funds in the State available for construction loans, rehabilitation
				loans, and temporary and permanent loans for rental housing;
(b) the provision of the additional housing
				needed to remedy the shortage of adequate rental housing in the State;
				and
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 2 - LOANS FOR RENTAL HOUSING PROJECTS › Section 2-3 - Definitions

Current through July 13, 2024
(a) Unless a different meaning is required
				from the context in which they are used herein, all words and terms which are
				defined in the Act are used in these Rules and Regulations as defined in the
				Act.
(b) The following words or
				terms as used in these Rules and Regulations shall have the following meanings:
"Eligible tenants" means persons and families whose income
				  does not exceed the maximum income levels as authorized or established by the
				  Authority.
"Rental housing loan" means a loan of money, including
				  advances and temporary and permanent loans, for the construction,
				  reconstruction, rehabilitation or purchase of rental housing and may include
				  any and all "project costs" as defined in the Act.
"Program" means the Authority's program of financing or
				  administering financial programs for rental housing.
"Residential use" means use of each rental unit as the
				  principal residence of the occupant and not as a vacation or "second"
				  home.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 2 - LOANS FOR RENTAL HOUSING PROJECTS › Section 2-4 - Rental Housing Loans

Current through July 13, 2024
(a) The Authority
				may acquire or contract to acquire any interest in rental housing property from
				a mortgage lender or developer for:
(i)
				construction loans for the interim financing of development, construction or
				rehabilitation of rental housing;
(ii) loans for the permanent financing of
				such rental housing, including acquisition; or
(iii) loans for both interim construction
				financing and permanent financing of such rental housing.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 2 - LOANS FOR RENTAL HOUSING PROJECTS › Section 2-5 - Rental Housing Loans Assisted by the Federal Housing Administration

Current through July 13, 2024
All loans insured, guaranteed or assisted by a federal
				  governmental agency, or with respect to which the related bonds are so insured
				  or guaranteed, are subject to the regulations of such federal government agency
				  or any successor insuring, guaranteeing or assisting governmental agency, and
				  any contrary regulations of the Authority do not apply.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 2 - LOANS FOR RENTAL HOUSING PROJECTS › Section 2-6 - Other Rental Housing

Current through July 13, 2024
The Authority may from time to time administer federal or
				  state grants or tax credit programs to finance rental housing, consistent with
				  the rules and regulations issued by the federal or state government in
				  conjunction therewith and such additional criteria as authorized or established
				  by the Authority to carry out the purposes of the Act.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 2 - LOANS FOR RENTAL HOUSING PROJECTS › Section 2-7 - Examination of Books and Records

Current through July 13, 2024
All the books, accounts and records of the developer and
				  owner pertaining to rental housing financed or guaranteed through the Authority
				  are open to inspection by representatives of the Authority during regular
				  business hours. The Authority may conduct such examinations of the books and
				  records as it deems necessary or appropriate to determine compliance with the
				  objectives of the Act and these Rules and Regulations. The Authority may
				  require each developer and owner to pay the costs of any
				  examination.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 3 - ECONOMIC DEVELOPMENT PROJECTS › Section 3-2 - Purpose and Objectives

Current through July 13, 2024
These Rules and Regulations are established to effectuate,
				  and shall be applied so as to accomplish the economic development purposes of
				  the Wyoming Community Development Authority Act, as amended.
				  W.s.
				  9-7-101 through
				  9-7-124 (the
				  "Act").
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 3 - ECONOMIC DEVELOPMENT PROJECTS › Section 3-3 - Definitions

Current through July 13, 2024
As used in these Rules and Regulations, terms defined in the
				  Act have the meanings set forth therein, and unless the context otherwise
				  requires:
(a) "Application" means the
				completed application for economic development bond financing.
(b) "Authority" means the Wyoming Community
				Development Authority.
(c)
				"Borrower" means the person, partnership, corporation or any other ,entity to
				whom or to which the proposed loan will be made.
(d) "Credit Enhancement Arrangement" means a
				letter of credit, line of credit agreement, insurance or guarantee issued by
				one or more lenders or by public or private insurers or guarantors including
				the Authority's insurance fund created under
				W.S.
				9-7-123 that provides credit insurance for a
				loan for an economic development project.
(e) "Executive Director" means the Executive
				Director of the Wyoming Community Development Authority.
(f) "Lender" means the mortgage lender that
				will originate a loan for an economic development project and sell the same to
				the Authority.
(g) "Project" means
				an economic development project as defined in W.S. W.S.
				W.S.
				9-7-103(a) (iv).
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 3 - ECONOMIC DEVELOPMENT PROJECTS › Section 3-4 - Description of the Program

Current through July 13, 2024
The Authority is authorized under the Act to issue bonds and
				  to use the proceeds to purchase loans from Lenders for Projects located in the
				  State of Wyoming. The bonds are payable solely from loan repayments and one or
				  more Credit Enhancement Arrangements.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 3 - ECONOMIC DEVELOPMENT PROJECTS › Section 3-6 - Application Procedure

Current through July 13, 2024
An Application for economic development Project financing
				  shall be submitted on the Application form approved and provided by the
				  Authority. The application shall be properly signed by the Borrower and the
				  Lender and accompanied by the non-refundable application fee. An Application
				  signed by the Lender shall constitute a commitment by the Lender to originate
				  the loan subject to such conditions as may be expressed, and may include a
				  commitment to enter into a Credit Enhancement Arrangement for the
				  loan.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 3 - ECONOMIC DEVELOPMENT PROJECTS › Section 3-8 - Review of the Application by the Authority

Current through July 13, 2024
The Executive Director of the Authority shall review the
				  Application to determine whether it is complete, and whether there is any
				  apparent reason why the Borrower and the Project would not be eligible for
				  financing.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 3 - ECONOMIC DEVELOPMENT PROJECTS › Section 3-9 - Letter from Local Governing Body

Current through July 13, 2024
The Borrower shall request the local governing body of the
				  city, town, or county in which the Project will be located to provide the
				  Authority with a letter stating that it has no objection to the financing of
				  the Project with economic development bond financing. The Borrower shall
				  request the City Council, Town Council, or Board of County Commissioners, as
				  the case may be, to establish a time for a joint public hearing on the
				  statutory findings set forth in '~.S.
										9-7-122. The Authority will arrange for
				  publication of a Notice of Hearing in a local newspaper and in a newspaper
				  published statewide. The notices need be published no fewer than 14 days before
				  the hearing.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 3 - ECONOMIC DEVELOPMENT PROJECTS › Section 3-10 - Contents of the Notice of Hearing

Current through July 13, 2024
The Notice of Hearing shall contain the following
				  information:
1.
(a) The name of the local governing body
				conducting the hearing.
(b) The date
				and time of the hearing.
(c) The
				address and location of the hearing room.
(d) The name of the applicant.
(e) A description of the Project.
(f) The name and style under which the
				facility will be operated.
(g) The
				developer, operator, and manager of 'the project.
(h) The location of the project.
(i) The address of the project.
(j) The maximum aggregate face amount of
				obligations to be issued with respect to the project,.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 3 - ECONOMIC DEVELOPMENT PROJECTS › Section 3-11 - Conduct of the Joint Public Hearing

Current through July 13, 2024
A representative of the Applicant must appear at the public
				  hearing to present testimony on the issues before the hearing. The Executive
				  Director or other persons designated by the Authority are are hereby designated
				  as hearing officers charged with the responsibility for attending the joint
				  public hearing and reporting back to the Board of Directors of the Authority on
				  the statutory findings and the resolution, if any, adopted by the local
				  governing body of the City, Town, or County stating the statutory findings. The
				  hearing shall be recorded and any interested firm may obtain a transcript upon
				  payment of the cost of preparing the same.
Wyoming Administrative Code › Agency 900 - Community Development Authority, Wyoming › Sub-Agency 0001 - General Agency, Board or Commission Rules › Chapter 3 - ECONOMIC DEVELOPMENT PROJECTS › Section 3-12 - Adoption of the Local Governing Body's Findings; Preliminary Approval

Current through July 13, 2024
If the local governing body adopts a resolution granting
				  approval of the financing of the Project and making the statutory findings, the
				  Board of Directors of the Authority shall meet to consider the report of the
				  joint public hearing and the resolution. A representative of the Applicant may
				  appear at the meeting at which the Authority considers the resolution adopted
				  by the local governing body. The Board of Directors of the Authority shall
				  determine whether or not to adopt the findings of the City Council, Town
				  Council, or Board of County Commissioners. If the Board of Directors of the
				  Authority adopts the findings of the local governing body, it shall state those
				  in a resolution of the Authority preliminarily approving of financing for the
				  Project.