060-17 Wyo. Code R. §§ 17-11 - Loan Security
(a) The Board may
require a first-position security interest in any facility or equipment
financed by a loan extended under this chapter. The Board may also require a
first-position security interest in any user fees or assessments derived
through the operation of the facility or equipment.
(b) If the Board obtains a lien on
facilities, the borrower shall:
(i) Maintain
adequate insurance on the facility;
(ii) Pay all applicable taxes and assessments
when due; and
(iii) Maintain the
facility in good condition.
Notes
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