060-38 Wyo. Code R. §§ 38-4 - Eligible Applicants

(a) Political subdivisions are eligible for loans for infrastructure projects. In order to qualify for a loan, the political subdivision must be able to demonstrate the following:

(i) A commitment to adequately maintain the project for the duration of the loan; and

(ii) All project costs will be funded at the time of receipt of the loan.

(b) Wyoming cities, towns, and counties are eligible for loans for street and road projects. In order to qualify for a loan, the city, town, or county must be able to demonstrate the following:

(i) A commitment to adequately maintain the project for the duration of the loan;

(ii) All project costs will be funded at the time of receipt of the loan;

(iii) All related infrastructure, including water and sewer is or will be in place at the time of receipt of the loan; and

(iv) No outstanding loans exist under this Chapter for a street and road project.

(c) Wyoming Irrigation Districts and Water Conservancy Districts are eligible for loans for replacement or major maintenance projects of storage, diversion, transmission, and distribution systems. In order to qualify for a loan, the district must be able to demonstrate the following:

(i) The entity was legally formed and approved prior to submitting an application;

(ii) The applicant has applied to all other eligible grant or loan programs and has fully applied any awards or loans from those programs to the project;

(iii) A commitment to adequately maintain the project for the duration of the loan; and

(iv) All project costs will be funded at the time of receipt of the loan.

(d) Airport Boards that have been legally formed and approved are eligible for loans for Airport Projects.

(e) Ownership of Project.

(i) For applicants qualifying under Subsections (a), (b) and (d) of this Section, the applicant must own the project in its entirety.

(ii) For applicants qualifying under Subsection (c) of this Section, the applicant must either own the project in its entirety or hold a valid lease for all parts of the project that:

(A) Permits the applicant to perform the proposed work; and

(B) Is for an indefinite term or a term covering the useful life of the project.

(f) Applicants must be compliant with all applicable reporting requirements of the Wyoming Department of Audit and Wyoming Department of Revenue prior to the application being considered by the Board.

Notes

060-38 Wyo. Code R. §§ 38-4

Adopted, Eff. 11/13/2018. Amended, Eff. 10/11/2021. Amended, Eff. 9/25/2023.