Wyoming Administrative Code
Agency 085 - Business Council
Sub-Agency 0004 - Economic Planning And Partnership Challenge Loan Program
Chapter 6 - Large Project Loan Program
Section 6-3 - Definitions

(i) "Applicant" means a proposed or existing enterprise which will employ people within the state, provide services in the state, use resources in the state and/or otherwise add economic value to goods, services, or resources within the state.

(ii) "Council" means the Wyoming Business Council Board of Directors.

(iii) "Council Staff" means the staff at the Wyoming Business Council.

(iv) "Financial Records" means an applicant's financial statements, balance sheets, income statements, tax returns, or any other financial records deemed necessary for review.

(v) "Land development loan" means an extension of credit for the purpose of improving unimproved real property prior to the erection of structures. The improvement of unimproved real property may include the laying or placement of sewers, water pipes, utility cables, streets, and other infrastructure necessary for future development.

(vi) "Loan Review Committee" means a Committee comprised of the Governor or his designee, the Treasurer or his designee, and a member of the Council who has expertise in banking or experience in the banking industry designated by the Chief Executive Officer of the Wyoming Business Council.

(vii) "Owners" means an individual/entity possessing an interest in the applicant's business, at or more than twenty percent (20%) and/or a guaranteeing entity;

(viii) "Participant" means any Financial Institution(s) sharing a portion of the loan with the Wyoming Business Council through a participation agreement.

(ix) "Recipient" means a proposed or existing enterprise who has been awarded funds under the Large Project Loan Program.