Wyoming Administrative Code › Agency 004 - Treasurer's Office › Sub-Agency 0011 - Economic Development Large Project Program › Chapter 3 - ECONOMIC DEVELOPMENT LARGE PROJECT PROGRAM › Section 3-4 - Materials Required for State Treasurer's Review

Current through July 13, 2024
(a) Project
				application. Applicants seeking a loan or loan guarantee under this program
				must submit a project application to the Governor, the State Treasurer and the
				Wyoming Business Council. This project application must contain the following
				comprehensive information:
(i)
Tab A
- A detailed overview of the applicant's
				business entity, including identification of all principal management and
				owners;
(ii)
Tab
				B
- A detailed description of the project to be financed,
				including all costs to be funded and a specific explanation of how the project
				satisfies the criteria set forth in Section 2(d) of the Act;
(iii)
Tab C
- A
				business plan accurately describing the existing business and its history,
				future business endeavors, and all characteristics of the project to be funded
				through the loan or the financing secured by the loan guarantee. The business
				plan must address, but should not be limited to, the following components:
(A) The total cost of the project, the amount
				of financing sought and what costs and expenses for the project will be covered
				by such financing;
(B) The source
				of applicant's required private funds to be used in the completion of the
				project in an amount which is at least three (3) times the requested loan or
				loan guarantee amount;
(C)
				Collateral offered to secure the loao or the loan guarantee and evidence that
				the collateral is the property of the applicant and is unencumbered with any
				other financing or an indication that any such financing will be paid off with
				proceeds from the loan or the financing obtained in connection with the loan
				guarantee;
(D) Term of
				financing;
(E) Any other
				information reasonably necessary to inform the State's agencies and officials
				about the project to be financed, the nature of which may vary depending upon
				the type of business and facilities at issue;
(iv)
Tab D
- A
				comprehensive chart and detailed description identifying all business entities
				related to the applicant, whether by contract or through a corporate
				affiliation;
(v)
Tab
				E
- Financials for at least three (3) years, including tax
				returns;
(vi)
Tab
				F
- A balance sheet and projected cash flow for the project for
				the anticipated term of the loan or loan guarantee evidencing ability to repay
				the loan or the financing guaranteed by the loan guarantee on or prior to
				maturity;
(vii)
Tab
				G
- Existing short- and long-term financing for property
				associated with the project to be financed through the loan or loan
				guarantee;
(viii)
Tab
				H
- A description and survey of the entire project which shall
				serve as collateral for the loan or loan guarantee and an estimate of value of
				the collateral, or, if the applicant desires to propose substitute security,
				then a description, survey and estimate of value of such substitute
				collateral;
(ix)
Tab
				I
- All real and personal property rights offered as collateral to
				secure the proposed loan or loan guarantee;
(x)
Tab J
- Records
				concerning environmental health of facilities and underlying real property
				associated with the project and completion of an environmental questionnaire
				provided by the Wyoming Business Council with regards to such property which
				will serve as collateral; if the environmental questionnaire indicates any
				environmental problems with the property, then further due diligence may be
				required, such as a Phase 1 and possibly Phase 2 environmental
				report;
(xi)
Tab
				K
- Notice and identification of any threatened or pending
				litigation involving the anticipated project or property offered as collateral
				and/or the applicant (or such entity that will be the borrower) and any
				guarantor as provided in Section 7(j) below;
(xii)
Tab L
-
				Industry-specific information and documentation concerning the applicant's
				business activities within that industry, including without limitation,
				regulatory information related to the project to be undertaken; and
(xiii)
Tab M
- Any
				relevant ongoing or new information that arises any time after applicant's
				initial submission of the above information which may influence or bear upon
				the review of the proposed loan or loan guarantee, including without
				limitation, new or altered financing arrangements, statutory, regulatory or
				rule changes which may impact applicant's project or operations or the proposal
				thereof, or changes in ownership.