reglab/statecodes huggingface dataset:
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0007 - Main Street Program, Wyoming › Chapter 1 - WYOMING MAIN STREET PROGRAM › Section 1-6 - Revolving loan fund

Current through July 13, 2024
(a) Eligible
				Applicants. Any business within the business area as defined under section
				2(a)(iv) may submit an
				application to the Board for review and recommendation to the Council. Only
				complete applications shall be submitted to the Council.
(b) Application Process.
(i) All applications for loans shall be
				submitted on the required forms. Applications will be accepted at any time and
				scheduled for final review and recommendation by the Board on a first-come,
				first-served basis.
(ii) Three (3)
				copies of the application must be submitted to the Board offices at:
Wyoming Business Council
Wyoming Main Street Program
214 W. 15th St.
Cheyenne, WY 82002
(iii) Every application must include:
(A) three (3) years of financial statements
				of the applicant, plus current financial statements;
(B) projected cash flow and business
				plan;
(C) certificate of
				incorporation or other documentation of legal status of the
				applicant;
(D) by-laws or other
				operating agreements of the applicant;
(E) resolution authorizing borrowing by the
				applicant;
(F)
				architecture/engineer design of renovation or a statement of intended use of
				funds to begin design process;
(G)
				certification that the property owner has met with an approved architect or
				other representative of the Board for an inspection of the property;
(H) certification that all statutory
				requirements will be met;
(I)
				proposed collateral for the loan, value of collateral, lien position, and
				disclosure of prior liens; and
(J)
				proposed collateral for the loan shall be at a loan to value of no more than
				85%.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0008 - Science, Technology & Energy Financial Aid Program › Chapter 1 - WYOMING SEED CAPITAL LOAN PROGRAM › Section 1-1 - Purpose

Current through July 13, 2024
a. These rules are adopted in order to
				implement W.S. 9-12-201 through W.S.
				W.S.
				9-12-202, Science, Technology and Energy
				Financial Aid, the provisions of which provide for the extension of financial
				aid to qualifying businesses and entrepreneurs. These rules provide for a
				method of application, qualifying criteria, review, establishment of financial
				aid terms, conditions and a hearing process for approval or denial.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0008 - Science, Technology & Energy Financial Aid Program › Chapter 1 - WYOMING SEED CAPITAL LOAN PROGRAM › Section 1-2 - Authority

Current through July 13, 2024
a. Authority for the promulgation of these
				rules is granted in
				W.S.
				9-12-104 (a) (iv).
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0008 - Science, Technology & Energy Financial Aid Program › Chapter 1 - WYOMING SEED CAPITAL LOAN PROGRAM › Section 1-3 - Definitions

Current through July 13, 2024
a. "Board of Directors" means the Board of
				Directors of the Council;
b. "Cash
				or cash equivalent" means liquid assets including savings, checking and money
				market accounts, certificates of deposit, stocks, bonds, cash value of life
				insurance or other similar assets.;
c. "Council" means the Wyoming Business
				Council, the body corporate created by the Wyoming Economic Development Act
				(W.S.
				9-12-101 through
				9-12-401 ).;
d. "Enterprise" means any proposed or
				existing business that employs people within the state, provides services
				within the state, uses resources within the state or otherwise adds economic
				value to goods, services or resources within the state.;
e. "Loan Advisory Committee" means the Loan
				Advisory Committee of the Board of Directors of the Council.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0008 - Science, Technology & Energy Financial Aid Program › Chapter 1 - WYOMING SEED CAPITAL LOAN PROGRAM › Section 1-4 - Eligible Applicants

Current through July 13, 2024
a. Any business
				located within the State of Wyoming that is starting or expanding their
				enterprise or any business that is relocating to the State of Wyoming may
				submit a complete business plan to the Council for review and recommendation
				according to the application process.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0008 - Science, Technology & Energy Financial Aid Program › Chapter 1 - WYOMING SEED CAPITAL LOAN PROGRAM › Section 1-5 - Application Process

Current through July 13, 2024
a. All requests for
				seed capital loans shall be submitted on the required application form.
				Applications will be accepted at any time and scheduled for review by the Loan
				Advisory Committee.
b. Three (3)
				copies of the application must be submitted to the Council offices at:
Wyoming Business Council
214 West 15th Street
Cheyenne, WY 82002
c. Each application must include:
(i) Fully completed and signed application
				form; and
(ii) A business plan with
				sufficient detail so the request may be properly analyzed including, at a
				minimum, a detailed source and use of funds, collateral offered to secure the
				loan, cash flow projection, summary of the enterprise, product description,
				resume of owners, historical financial information for existing businesses or
				pro-forma projections for start up businesses; and
(iii) Certification that the required cash
				match has been met and is in place according to the terms and conditions of
				section
				6 of these rules.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0008 - Science, Technology & Energy Financial Aid Program › Chapter 1 - WYOMING SEED CAPITAL LOAN PROGRAM › Section 1-6 - Terms, Conditions, and Repayment

Current through July 13, 2024
a. In making seed
				capital loans, the Council shall:
(i) Require
				a nonrefundable application fee of $1,000.00 (one thousand
and 00/100 dollars) to be submitted with each application;
				  and
(ii) Submit all
				complete applications to review professionals for recommendation of
				funding.
(iii) Limit the maximum
				seed loan to any one business to $50,000 (fifty thousand and 00/100
				dollars);
(iv) Reserve the right to
				require guarantees by the applicant;
(v) Reserve the right to terminate the loan
				if the enterprise ceases to operate or move out of state;
(vi) Require all statutory requirements
				regarding the loan be met.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0008 - Science, Technology & Energy Financial Aid Program › Chapter 1 - WYOMING SEED CAPITAL LOAN PROGRAM › Section 1-7 - Review and Recommendation

Current through July 13, 2024
a. Completed
				applications will be reviewed by Council staff to determine eligibility and
				completeness of the application.
b.
				Applications that are complete shall be forwarded to a professional selected by
				the Council who will review the plan and make recommendations for
				funding.
c. Applications that are
				complete and receive recommendation for funding shall be forwarded to the Loan
				Advisory Committee for their review and evaluation. The Loan Advisory Committee
				will formulate a recommendation to the Board of Directors who will make the
				final decision on approval or denial utilizing criteria in
				W.S.
				9-12-202 and these rules, including:
(i) Compliance with Section
				6 (Terms, Conditions and Repayment) of the
				rules; and
(ii) Compliance with
				Section
				5 (Application Process); and
(iii) Determine that there are sufficient
				funds in the Wyoming Seed Capital Loan account to fully fund the request and
				all other outstanding commitments; and
(iv) Execution of all legal
				documents.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0008 - Science, Technology & Energy Financial Aid Program › Chapter 1 - WYOMING SEED CAPITAL LOAN PROGRAM › Section 1-8 - Servicing Agent

Current through July 13, 2024
a. The Council
				shall reserve the right 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,
				reporting and other duties as required under the loan servicing
				agreement.
c. It will be 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 0008 - Science, Technology & Energy Financial Aid Program › Chapter 1 - WYOMING SEED CAPITAL 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
				videoconference discussion and the vote duly recorded and made 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 0009 - Small Business Investment Credit Program, Wyoming › Chapter 1 - WYOMING SMALL BUSINESS INVESTMENT CREDIT PROGRAM › Section 1-1 - Purpose

Current through July 13, 2024
The rules are adopted in order to implement
				  W.S.
				  9-12-1301 through
				  9-12-1312, which provide for the
				  requirements for certification as a small business investment company,
				  providing requirements for participating investors, providing for determination
				  of qualified investments, providing for requirements for continuance of
				  certification, providing a credit against certain taxes for certain
				  investments, providing reporting requirements and providing for certification
				  of compliance.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0009 - Small Business Investment Credit Program, Wyoming › Chapter 1 - WYOMING SMALL BUSINESS INVESTMENT CREDIT PROGRAM › Section 1-3 - Definitions

Current through July 13, 2024
(a) "The article" means
				W.S.
				9-12-1301 through
				9-12-1312;
(b) "Fiscal year" means the twelve (12) month
				period that a company uses when reporting to the Internal Revenue
				Service;
(c) "Follow-on capital"
				means any additional investments of capital made in a qualified business that
				has received a qualified investment;
(d) "Headquartered" means an organization's
				principal office is located in Wyoming and at least sixty percent (60%) of the
				organization's employees are employed in Wyoming or 60% of the business payroll
				is paid to individuals living in Wyoming;
(e) "Liquid assets" means an investment that
				can be converted to cash in less than 20 days;
(f) "Person" means a natural person or
				entity, including a corporation, general or limited partnership, trust or
				limited liability company;
(g)
				"Principal office" means the main administrative functions of the organization
				and the original books and records are maintained in the Wyoming
				office;
(h) "Qualified debt
				instrument" means a debt instrument issued by a Wyoming small business
				investment company which:
(i) Is issued at par
				value or a premium;
(ii) Has an
				original maturity date of at least four (4) years from the date of issuance and
				a repayment schedule which is not faster than a level principal amortization
				over four (4) years. A repayment schedule is not faster than a level principal
				amortization over four (4) years if the repayment schedule for the debt
				instrument issued by a Wyoming small business investment company has a
				scheduled outstanding principal balance greater than a hypothetical note with
				the same price and yield as the Wyoming small business investment company's
				debt instrument that provided for principal to be amortized over equal,
				consecutive daily payments, where payments are first allocated to accrued
				interest and then to principal. However, a participating investor may receive
				payments at any time for future earned interest, provided the amount received
				does not exceed the present value of that future interest payment, discounted
				by a factor that is not less than the stated interest rate of the debt
				instrument;
(iii) Satisfies the
				rating criteria to qualify as "NAIC 1" as determined by the securities
				valuation office of the national association of insurance commissioners;
				and
(iii) Has no interest,
				distribution or payment features that are related to the profitability of the
				Wyoming small business investment company or the performance of the Wyoming
				small business investment company's investment portfolio.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0009 - Small Business Investment Credit Program, Wyoming › Chapter 1 - WYOMING SMALL BUSINESS INVESTMENT CREDIT PROGRAM › Section 1-4 - Application and certification as a Wyoming small business investment company

Current through July 13, 2024
(a) The Council shall provide a form for
				applying for certification as a Wyoming small business investment company. The
				form shall include a complete list of required documentation from an applicant,
				as outlined in the article, along with the following additional required
				documentation:
(i) The applicant shall submit
				a nonrefundable application fee as set forth by rule in the fee
				schedule.
(ii) The applicant shall
				submit with the application copies of all organizational documents including
				articles of incorporation or organization, bylaws or operating agreements and a
				commitment that if certified, the Wyoming small business investment company
				will establish in Wyoming its headquarters within 60 days of
				certification.
(iii) The applicant
				shall submit biographical, personal, financial, investment and historical data
				for each manager, principal, and the entity itself that provides the following,
				as applicable:
(A) Prior venture capital firms
				with which the manager or principal was employed that specifically includes
				details on:
(I) the valuation of portfolio
				investments, including the manager or principal's ability to structure and
				execute timely and effective exits from portfolio investments;
(II) historical investment performance of
				prior firms managed by the same managers or principals;
(III) the investment philosophy of the
				firm;
(IV) the history and strategy
				of the firm and its managers or principals for obtaining investors and making
				investments;
(V) disclosure of any
				fines, penalties, or other sanctions or actions by any state federal, or other
				regulatory entity, including the Securities and Exchange Commission against the
				firm or its managers or principals, relating to violations of any type;
				and
(VI) a five-year business plan,
				which shall include the applicant's investment strategy and investment
				criteria. If the Council determines that an applicant's investment strategy or
				investment criteria would not effectively further economic development in
				Wyoming the applicant's certification may be denied.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0009 - Small Business Investment Credit Program, Wyoming › Chapter 1 - WYOMING SMALL BUSINESS INVESTMENT CREDIT PROGRAM › Section 1-5 - Aggregate limitations on investment tax credits; Allocation

Current through July 13, 2024
(a) The aggregate amount of investment tax
				credits to be allocated to all participating investors of Wyoming small
				business investment companies under this article shall not exceed thirty
				million dollars ($30,000,000.00).
(b) Tax credits shall be allocated to
				participating investors as specified in the article.
(c) As specified in the article, the Council
				may impose a civil penalty upon a participating investor which does not invest
				the full amount of designated capital required to fund the credits allocated to
				it by the Council in accordance with the credit allocation claim filed on its
				behalf. The Council shall provide notice to the participating investor that a
				civil penalty is being imposed. Any hearing requested shall be administered
				according to rules promulgated by the Wyoming Office of Administrative
				Hearings. The cost of the hearing shall be paid by the participating investor
				that requested the hearing. The Office of Administrative Hearings will
				determine if the penalty is adequate to cover the direct and indirect cost to
				the state as a result of the investor's failure to invest the full amount of
				designated capital. The Office of Administrative Hearings shall make a
				recommendation to the Council board of directors who will issue a final
				decision on the civil penalty.
(d)
				A participating investor may sell or transfer its premium tax credits one
				hundred eighty (180) days or more from the date on which the participating
				investor invested designated capital, provided that the participating investor
				who is transferring or selling the credits notifies the Insurance Commissioner
				of the sale or transfer and includes with that notification a copy of the
				transfer documents. In no instance shall a participating investor transfer or
				sell premium tax credits that have already been applied to its or another
				participating investor's premium tax liability.
(e) Any transfer or sale of credits shall not
				affect the time schedule for claiming a credit. Notification of the transfer or
				sale of credits shall be filed with the Insurance Commissioner within fifteen
				(15) days of the effective date of the sale or transfer.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0009 - Small Business Investment Credit Program, Wyoming › Chapter 1 - WYOMING SMALL BUSINESS INVESTMENT CREDIT PROGRAM › Section 1-7 - Wyoming small business investment company reporting requirements

Current through July 13, 2024
(a) In addition to the reporting requirements
				specified in the article, each Wyoming small business investment company shall
				report to the Council the following:
(i) The
				North American Industry Classification System (NAICS) code for each qualified
				business that receives a qualified investment.
(ii) A complete copy of the most recent tax
				return filed with the Internal Revenue Service for each qualified business that
				receives a qualified investment as soon as practicable after receiving it from
				the qualified business.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0009 - Small Business Investment Credit Program, Wyoming › Chapter 1 - WYOMING SMALL BUSINESS INVESTMENT CREDIT PROGRAM › Section 1-8 - Decertification; certification of compliance

Current through July 13, 2024
(a) The Council
				shall conduct an annual review of each Wyoming small business investment
				company to determine if each Wyoming small business investment company is
				abiding by the requirements of statute and to ensure that no investment has
				been made in violation of this article. The fee for annual reviews shall be set
				by the board of directors of the Council and shall cover the actual direct and
				indirect costs of the review or certification.
(b) The Council shall notify a Wyoming small
				business investment company as soon as practicable if any material violation of
				statute has occurred that will cause decertification of the Wyoming small
				business investment company. The Council shall give up to 15 business days for
				a Wyoming small business investment company to cure any material violation that
				will lead to decertification.
(c)
				The Council shall provide written notice to the Insurance Commissioner and
				participating investor within ten (10) business days of any decertification
				proceedings and the amount of credits that will be disallowed due to the
				decertification.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0009 - Small Business Investment Credit Program, Wyoming › Chapter 2 - WYOMING SBIC FEE SCHEDULE › Section 2-1 - Purpose

Current through July 13, 2024
These rules are adopted in order to implement
				  W.S.
				  9-12-1301 through
				  9-12-1312, specifically setting the
				  application fees and annual certification fees for Wyoming small business
				  investment companies.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0009 - Small Business Investment Credit Program, Wyoming › Chapter 2 - WYOMING SBIC FEE SCHEDULE › Section 2-3 - Fee Schedule

Current through July 13, 2024
(a) The application
				fee to become a Wyoming small business investment company shall be equal to the
				annual certification fee for a Wyoming small business investment company. The
				annual certification fees collected from Wyoming small business investment
				companies shall be adequate to cover direct and indirect costs of program
				administration. Annual certification fees may vary over time depending on the
				number of Wyoming small business investment companies that are operating in
				Wyoming.
(b) The annual
				certification fee shall be set at twenty five thousand three hundred sixty four
				dollars ($25,364).
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-1 - Authority

Current through July 13, 2024
(a) These rules and regulations describe
				policies for the Wyoming Community Development Block Grant Program (CDBG) that
				was assumed by the state of Wyoming from the Department of Housing and Urban
				Development beginning with the Fiscal 1982 program. 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.
				9-1-216. The Wyoming Business Council will
				utilize these regulations to select and approve qualified community development
				grants, homeownership assistance, planning only grants, technical assistance,
				job training, downtown development, infrastructure applicants, convertible
				loans, section 108 loans, and float loans. Seventy percent (70%) of CDBG funds
				shall be used for the benefit of low to moderate income persons.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-2 - Eligible Applicants

Current through July 13, 2024
(a) Only counties
				and incorporated cities and towns may apply. However, local governments may
				apply on behalf of other units of governments or special interest groups. The
				cities of Cheyenne and Casper are not eligible to apply since funds are
				available to them under the HUD Entitlement Program. However, Laramie and
				Natrona counties may apply on behalf of a project located within the municipal
				boundaries of Cheyenne and Casper respectively, if it can be demonstrated the
				benefits of the project are available on a countywide basis.
(b) All applicants must certify that each
				project has allowed citizen comment through the public hearing process before
				submission to the Wyoming Business Council. (Refer to Section
				11, Citizen Participation, for further
				information).
(c) All applications
				must be accompanied by a resolution passed by the city or town council or the
				county commissioners and signed by the chief elected official.
(d) Joint applications from two or more
				eligible applicants are permissible.
(e) Economic development applications will be
				considered from counties and incorporated cities and towns on behalf of
				specific businesses. The sponsoring entity must demonstrate particular benefit
				accruing to that entity as a result of the grant. This benefit must pertain to
				one of the three national objectives listed in Chapter 1, Section 3.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-3 - National Objectives

Current through July 13, 2024
(a) No application
				will be considered unless it supports at least one of three National
				Objectives. The application must identify which of the three needs it meets.
				Not all National Objectives can be applied to all project types. The Division
				of Investment Ready Communities should be contacted to determine how a
				particular project might meet a National Objective. The three National
				Objectives are:
(i) Benefit to low and
				moderate income families;
(ii) Aid
				in the prevention or elimination of slums or blight;
(iii) Activities designed to meet community
				development needs having a particular urgency;
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-5 - Ineligible Activities

Current through July 13, 2024
(a) The following
				activities have been determined to be ineligible for economic development
				assistance because they have been determined to provide insufficient public
				benefit:
(i) General promotion of the
				community as a whole, as opposed to the promotion of specific areas and
				programs;
(ii) Assistance to
				professional sports teams;
(iii)
				Assistance to privately owned recreational facilities that serve a
				predominately higher income clientele, where the recreational benefits to low
				and moderate income persons;
(iv)
				Acquisition of land for which the specific proposed use has not yet been
				identified;
(v) Assistance to a
				for-profit business while that business or any other business owned by the same
				person (s) or entity(ies) is the subject of unresolved findings of
				noncompliance relating to previous CDBG assistance.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-6 - Eligible Costs

Current through July 13, 2024
(a) Administrative
				costs incurred in carrying out the program must not exceed 15 percent of the
				total program or project cost (20 percent for housing rehabilitation). Eligible
				administrative costs are defined as follows: Payment of reasonable
				administrative costs and carrying charges related to the planning and execution
				of community development activities financed in whole or in part with funds
				from this program. General management, supervision and coordination, reasonable
				costs of overall program management, coordination, monitoring and evaluation,
				and similar costs associated with carrying out the overall project. Such costs
				include but are not limited to: salaries, wages, and related costs of the
				applicant's staff and the staff of local public agencies engaged in general
				management, coordination, monitoring and evaluation, travel costs incurred for
				official business in carrying out the project, administrative services
				performed under third-party contracts or agreements, including such services as
				general legal services and accounting services; and other costs for goods and
				services as rental and maintenance of office space, insurance, utilities,
				office supplies and rental of office equipment.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-7 - Ineligible Costs

Current through July 13, 2024
(a) No costs may be
				paid with this program's funds that were incurred prior to the Wyoming Business
				Council and the city, town or county signing the grant agreement, including but
				not limited to: preparing the application, travel, per diem and other expenses
				related to delivering or preparing the application; architectural engineering
				or planning costs to prepare specifications, plans, maps, etc.; site work such
				as soil surveys, surveying, etc.; attending or holding public hearings or
				workshops.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-8 - Funding Cycles and Application Approval

Current through July 13, 2024
(a) Requests for
				funds will be accepted semi-annually and scheduled for final review and award
				by the Wyoming Business Council.
(b) A final draft application must be
				provided to the regional director no later than two (2) weeks prior to the
				application deadline set by the Wyoming Business Council.
(c) All applications must be postmarked no
				later than the date the Wyoming Business Council sets for receiving
				applications.
(d) One copy should
				be provided to the Regional Director. The original, one copy and one digital
				copy should be sent to:
Wyoming Business Council
Investment Ready Communities Division
214 West 15th Street
Cheyenne, WY 82002
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-9 - Applicant's Contribution

Current through July 13, 2024
(a) The sponsoring
				public entity is responsible for all administrative duties and must provide an
				individual who will be responsible for seeing all contract agreements are met.
				If an application has been sponsored on behalf of a non-profit or a for-profit
				entity, a sub-agreement or development agreement delineating roles and
				responsibilities must be provided as an attachment to the grant agreement and
				then finalized upon grant award as an attachment to the overriding grant
				agreement between the local government sponsor and any
				sub-recipients.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-10 - Data Requirements

Current through July 13, 2024
(a) Data used to
				support an application must be from either federal or state sources to insure
				consistency among all applicants. The source of the data must be cited in the
				application. However, applicants may use data derived at the city or county
				level if they can satisfy staff of the Wyoming Business Council, that the data
				is accurate and will not give the applicant an unfair advantage over other
				applicants. The methodology used, sample size, data sources, etc., must be
				submitted to Wyoming Business Council with the application if other than
				federal or state information is used.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-12 - Housing and Community Development Plan

Current through July 13, 2024
(a) The Housing and
				Urban Renewal Recovery Act requires that grantees will identify their short and
				long term goals for housing needs and community development, including
				low-moderate income needs, and the activities to address those needs, before
				any funds can be disbursed. Any reasonable plan will be accepted until the
				state has specific guidelines from HUD. In addition to the above items, the
				plan must also contain:
(i) A plan to minimize
				displacement of citizens with CDBG funds;
(ii) A plan to assist displaced persons
				should there be any;
(iii) A plan
				to affirm fair housing;
(iv) Data
				supporting housing needs and goals.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-13 - Audit

Current through July 13, 2024
(a) An annual audit is required for review by
				the Wyoming Business Council and a proportionate share of the cost of the audit
				may be paid for out of CDBG funds. All audits must follow the "single audit
				concept" of OMB Circular A-133.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-14 - Federal Requirements

Current through July 13, 2024
(a) Applicants must
				be aware of all applicable federal requirements before they apply for funding.
				Attached are regulations may involve your project and with which you will be
				required to comply. See attachment B.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-15 - Program Income

Current through July 13, 2024
(a) All income
				derived from the program may be re-used by the grantee upon receiving approval
				of the use of the funds from the Wyoming Business Council before disbursements.
				The Wyoming Business Council shall require each grantee to disburse its program
				income prior to requesting additional funds from the Wyoming Business Council
				to finance the same type of project from which the program income was
				derived.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-16 - State Historic Preservation Office (SHPO)

Current through July 13, 2024
(a) Section 106
				of the National Historic Preservation Act requires that cultural resources must
				be considered when federally funded projects are undertaken. This does not
				apply to Planning and Technical Assistance grant applications.
(b) This provision does not require the
				applicant to receive SHPO clearance prior to submitting an application, but
				rather is intended to inform the applicant of the SHPO procedures that will be
				required if a grant award is made.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-17 - Capital Recovery Costs

Current through July 13, 2024
(a) For public
				improvement projects, the grantee cannot recover any capital cost by assessing
				any amount against property owned and occupied by low and moderate income
				persons, including fees or assessments charged as a condition of obtaining
				access to such public improvements. This applies to water and sewer tap fees
				and local improvement district assessments. However, the costs are recoverable
				if:
(i) The CDBG funds received are used to
				pay the proportion of such fee or assessment that relates to the capital costs
				of the public improvements that are financed from revenue sources other than
				under this title;
(ii) For purposes
				of assessing any amount against properties owned and occupied by persons of low
				and moderate income who are not persons of very low income, the grantee
				certifies to the state that it lacks sufficient CDBG funds to comply with the
				requirements of subparagraph (i).
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-18 - Lump Sum Drawdown

Current through July 13, 2024
(a) Lump sum
				drawdowns cannot be made to any grantee until:
(i) applicant has a signed contract with
				recipient;
(ii) applicant has an
				executed loan agreement including, (if applicable) any sub-agreements or
				development agreements; and
(iii)
				funds are actually required by the recipient to meet disbursement
				needs.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-19 - Timely Progress

Current through July 13, 2024
(a) Grant
				agreements must be reviewed and signed by the Attorney General's Office, the
				Wyoming Business Council and the grantee.
(b) HUD requires the state to obligate all
				funds within 15 months of receipt and to have all funds expended within 18
				months of receipt. Therefore, timely progress of the project and a good faith
				effort of the grantee will be required in all contracts.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-20 - Project Completions

Current through July 13, 2024
(a) If the
				circumstances arise that a project as applied for cannot be completed with
				available CDBG funds, the grantee will be required to complete the project with
				its own funds or reimburse the CDBG program.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-21 - Minority, Woman Owned, Disadvantaged Business Enterprise and Section 3

Current through July 13, 2024
(a) The subgrantee must keep a file on its
				outreach efforts to minority, woman owned, and disadvantaged business entities,
				both in trying to attract such businesses as bidders and the number of low
				income persons hired on the project. This is not a requirement to hire a
				minimum number, but an effort to see they have the opportunity to
				participate.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-22 - Procurement of Professional Services

Current through July 13, 2024
(a) Federal
				procurement regulations (24 CFR Part 85) must be followed. If your local
				requirements are more stringent, please adhere to those.
(b) There is no 5 % preference for Wyoming
				contractors as this is Federal funding.
(c) If the CDBG grant is on behalf of a
				for-profit business, the standard procurement regulations do not apply if the
				for-profit directly pays for the services. The bidding process for contractors
				should be encouraged but is not required.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-23 - Recapture Provisions

Current through July 13, 2024
(a) Funds that are
				returned to the Wyoming Business Council from contract terminations or that are
				not expended by a project shall be awarded to new projects that are funded to
				complete the same type of activity that the original grant was funded to
				complete. Example: If a community development project does not expend the
				entire award, the remaining balance will be allocated to a new community
				development project when the awards for those grants take place. Recaptured
				economic development funds would be awarded to new economic development
				grants.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-24 - Unobligated funds

Current through July 13, 2024
(a) All unobligated
				funding from previous program year allotments will be allocated to the
				Community Development Program's allocation.
(b) The Wyoming Business Council may take
				action to allocate a portion of the unobligated economic development project
				funds as described in the Program Budget, of the Wyoming Consolidated Plan, to
				community development as described in Chapter 4. The amount to be reallocated
				will be at the discretion of the Wyoming Business Council, based on anticipated
				demand for Economic Development funds.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 1 - GENERAL POLICIES › Section 1-25 - Complaint Procedures

Current through July 13, 2024
(a) Citizens have
				the right to offer their views at any point during the development and
				implementation of a Community Development Block Grant (CDBG) project. Any
				comments, suggestions, criticisms or complaints made by a citizen must be taken
				seriously and responded to promptly. Written complaints and grievances should
				be responded to within fifteen (15) working days of their receipt where
				practicable. Telephoned or oral complaints should also have a prompt response
				documented.
(b) When a citizen
				wishes to voice an opinion concerning a project, they should first voice their
				comments to the local government. If the local government is prompt with an
				adequate response the process usually ends at this point. A slow or inadequate
				response may result in the complaint being filed with the Wyoming Business
				Council, the governor, the U.S. Department of Housing and Urban Development, or
				a member of Wyoming's congressional delegation.
(c) The normal procedure, if a complaint is
				filed with any of the above referenced entities, is for the staff of the
				Wyoming Business Council to refer the complaint back to the local officials for
				a response. The Wyoming Business Council will not dictate the form or manner of
				the response to local officials, but will be available to advise the community
				regarding applicable federal and state requirements that may be at question. In
				all cases the final resolution of the complaint is the authority and
				responsibility of the local grant recipient. When the grant recipient has
				reached a decision as to whether or how the complaint is to be resolved, the
				Wyoming Business Council will communicate the local government's decision to
				the agency or office originally referred it to them for action.
(d) Records of all citizen comments, whether
				in the form of letters or written notes summarizing telephoned or oral
				comments, should be placed in the citizen participation file for the project,
				along with the community's letter of reply or notes indicating how the grant
				recipient responded to the comment. Federal regulations require that the
				project completion report prepared by the grantee for project closeout include
				a summary of each citizen comment regarding the project, along with an
				assessment of the comment and a description of any action taken in response to
				the comment.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 2 - ECONOMIC DEVELOPMENT PROGRAM › Section 2-1 - Goals

Current through July 13, 2024
(a) Goal 1. To provide for the creation and
				retention of jobs that are available to low and moderate income people, and aid
				in the diversification of the Wyoming economy.
(b) Goal 2. To encourage the leveraging of
				public and private economic development dollars through the incentive of money
				available through the CDBG program.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 2 - ECONOMIC DEVELOPMENT PROGRAM › Section 2-2 - Benefit to Low and Moderate Income Individuals

Current through July 13, 2024
(a) In order for
				CDBG funds to be used for any economic development projects wishing to be
				funded under the national objective of benefit to low and moderate income
				persons, it must be documented that no fewer than 51 percent of the jobs to be
				created will be given to individuals from low to moderate income households.
				Appendix A includes the household income for each county that qualifies a
				person as low to moderate income. It should be noted that the amounts shown
				under household size reflect the amount of income from all income-earning
				members of the household at the time employment begins. For example: If a
				company in Albany county employs a persons from a household of two individuals,
				it cannot be assumed that as long as they pay the individual less than $38,500
				per year the benefit to low/moderate income individuals has been met. If the
				other individual inhabiting the household is employed and earning $20,000/year
				and the person they wish to hire is also employed and earning over $18,500 per
				year, there has not been any benefit to low/moderate income individuals if the
				individual is hired. If the person the company wishes to hire is unemployed,
				the total household income is then considered to be $20,000 and they may hire
				the individual, pay him or whatever they wish and conclude that the benefit to
				low to moderate income individuals requirement has been met. It is imperative
				therefore, that the company carefully screen and document each potential
				employee to be benefitted by CDBG assistance.
Wyoming Administrative Code › Agency 085 - Business Council › Sub-Agency 0010 - Community Development Block Grant › Chapter 2 - ECONOMIC DEVELOPMENT PROGRAM › Section 2-3 - Downtown Development

Current through July 13, 2024
(a) Funds have been
				set aside to assist local governments fund projects located in their downtown
				area. Assistance in the area can be any eligible activity, however, it is
				anticipated projects will generally include assistance for public facilities,
				rehabilitation of commercial buildings, historic preservation, and land
				acquisition and clearance.
(b)
				Generally, downtown projects will be fundable under the National Objective of
				elimination of slums and blight and job creation and retention for low to
				moderate income persons. However, some projects may qualify under another
				National Objective.
(c)
				Requirements that must be addressed in the application:
(i) Description of the project including
				expert and concise cost estimates;
(ii) Detailed project budget;
(iii) Information adequate to demonstrate
				compliance with a national objective;
(iv) Project timeline;
(v) Completeness of the project, including
				other sources of funding;
(vi)
				Adequate information to evaluate the project against the numerical rating
				system;
(vii) Evidence that the
				SHPO was contacted and consulted and a brief narrative of the results of the
				consultation. (See Chapter 1, Section 13 );
(viii) An assessment of probable operation
				and maintenance costs of the facility or site improvement(s) to be constructed
				using CDBG funds, and an explanation of how those costs will be
				funded;
(ix) A narrative
				explanation of how the project will either directly or indirectly provide for
				the creation and retention of jobs that are available to low to moderate income
				persons and aid in the diversification of the Wyoming economy;
(x) Signed Certification of Applicant and
				supporting documentation for the citizen participation process including a copy
				of the public notice, resolution, and a signed copy of the meeting
				minutes;
(xi) A draft development
				agreement and three years of financial statements, tax returns, current
				business plan, and evidence of good standing with the Secretary of State's
				office if the project involves a sub-recipient;
(xii) Site map and photographs of the project
				site;
(xiii) If the project
				involves acquisition it is imperative that the applicant contact the WBC and
				should not execute ANY agreements prior to doing so.