Wyoming Administrative Code
Agency 900 - Community Development Authority, Wyoming
Sub-Agency 0001 - General Agency, Board or Commission Rules
Chapter 3 - ECONOMIC DEVELOPMENT PROJECTS
Section 3-3 - Definitions
Current through September 21, 2024
As used in these Rules and Regulations, terms defined in the Act have the meanings set forth therein, and unless the context otherwise requires:
(a) "Application" means the completed application for economic development bond financing.
(b) "Authority" means the Wyoming Community Development Authority.
(c) "Borrower" means the person, partnership, corporation or any other ,entity to whom or to which the proposed loan will be made.
(d) "Credit Enhancement Arrangement" means a letter of credit, line of credit agreement, insurance or guarantee issued by one or more lenders or by public or private insurers or guarantors including the Authority's insurance fund created under W.S. 9-7-123 that provides credit insurance for a loan for an economic development project.
(e) "Executive Director" means the Executive Director of the Wyoming Community Development Authority.
(f) "Lender" means the mortgage lender that will originate a loan for an economic development project and sell the same to the Authority.
(g) "Project" means an economic development project as defined in W.S. W.S. W.S. 9-7-103(a) (iv).
