Wyoming Administrative Code
Agency 085 - Business Council
Sub-Agency 0001 - Business Ready Community Grant And Loan Program
Chapter 4 - BUSINESS READY COMMUNITY MANAGED DATA CENTER COST REDUCTION FUNDING
Section 4-4 - Fund Disbursement, Project Monitoring and Project Evaluation
Universal Citation: WY Code of Rules 4-4
Current through September 21, 2024
(a) Managed Data Center Cost Reduction projects are subject to all requirements listed in Chapter 1, Section 14 and the following:
(i) Funds shall only be disbursed for
businesses that are in operation in the jurisdiction of the applicant. Funds
may be disbursed over five (5) years if the applicant achieves the match
requirement. Annual grant disbursements may total no more than one-third (1/3)
the total amount in addition to the unused balance available from previous
grant years.
(ii) If the Council
staff determines that a business participating in a Managed Data Center Cost
Reduction project is not operating within one (1) year from the time the grant
is approved, the grant will automatically expire. Based on information supplied
by the award recipient, Council staff may grant an extension of time in which
the business must start operations.
(iii) If the Council staff determines that
five (5) years has elapsed since the commencement of operations of a business
participating in a Managed Data Center Cost Reduction project and the match
requirement has not been met, then the full or partial amount of grant
disbursed to the applicant may be reimbursed to the BRC account.
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