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Wyoming2005Enacted

HB0277

Wyoming Partnership Challenge Loan Program Changes

Last scannedOct 18, 2026, 2:19 AM

In one sentence

This law lowers the amount of lost business revenue needed to qualify for loans under the Wyoming Partnership Challenge Loan Program.

What it does

  • Changes the definition of an 'economic disaster' in state law.
  • Reduces the required lost revenue threshold for businesses in four or fewer counties from $1.5 million to $1 million.
  • Keeps the requirement that lost revenues must be measured over a 12-month period.
  • Allows the business council to use good faith estimates to determine if an event qualifies.
  • Specifies that only actual losses incurred count toward the total, not future losses.
  • Sets the effective date to immediately after the bill becomes law.

Who it affects

  • Businesses in Wyoming that have suffered lost revenues.
  • The business council responsible for determining if an event is an economic disaster.

Limits and unknowns

  • The law does not change the $4 million threshold for events affecting the whole state.
  • The source does not specify which businesses are eligible for the loans beyond the revenue loss criteria.
  • The source does not detail the loan amounts or interest rates available under the program.

Plain language

Terms to know

Economic disaster
An event in Wyoming that causes a specific amount of lost revenue to businesses over 12 months.
Lost revenues
Actual money businesses did not earn because of the event, excluding future expected losses.
Business council
The group that decides if an event meets the definition of an economic disaster.

Official record

Sources

Source checked
Read the official summary

2005 General Session Summary for HB0277 Bill No.: HB0277 Drafter: JWL LSO No.: 05LSO-0645 Effective Date: 7/1/2005 Enrolled Act No.: HEA0131 Chapter No.: 249 Prime Sponsor: Representative Hageman Catch Title: Wyoming partnership challenge loan program. Subject: Amends eligibility under the Wyoming Partnership Challenge Loan Program. Summary/Major Elements: Current law authorizes loans for recovery from "economic disasters" defined in part as an event causing at least $1.5 million in cumulative lost revenues to impacted businesses. This act changes that part of the definition of economic disaster by reducing the threshold impact to $1 million in lost revenues.

Public statements

Why lawmakers voted

Last checked Aug 8, 9:07 AM

Voted Yes

Why they voted this way

The speaker urges support because the bill addresses an economic disaster in eastern Wyoming and helps others facing similar emergencies, noting that the amendment only adjusts the effective date.

Public statementFloor statement at 1:48:50 Watch the statement

If a lawmaker is not listed, we couldn't find a published reason.

Wyoming roll calls

Recorded votes

5 roll calls

H Did Concur 57-0-3-0-02005-03-01 · House57 yes 0 no
S Passed 3rd Reading 21-9-0-0-02005-03-01 · Senate21 yes 9 no
S09 Recommended Amend and Do Pass 5-0-0-0-02005-02-24 · Senate5 yes 0 no
H Passed 3rd Reading 59-0-1-0-02005-02-07 · House59 yes 0 no
H09 Recommended Amend and Do Pass 9-0-0-0-02005-01-31 · House9 yes 0 no

Official activity

Bill history

  1. Assigned Chapter Number - 249LSO
  2. Governor Signed HEA0131Governor
  3. S President Signed HEA No. 0131Senate
  4. H Speaker Signed HEA No. 0131House
  5. Assigned Number HEA0131LSO
  6. H Did ConcurHouse
  7. S Passed 3rd ReadingSenate
  8. S Passed 2nd ReadingSenate
  9. S Passed CoWSenate
  10. Amendment AdoptedSenate
  11. S Amendments AdoptedSenate
  12. S Placed on General FileSenate
  13. S09 Recommended Amend and Do PassSenate
  14. S Introduced and Referred to S09Senate
  15. S Received for IntroductionSenate
  16. H Passed 3rd ReadingHouse
  17. H Passed 2nd ReadingHouse
  18. H Passed CoWHouse
  19. Amendment AdoptedHouse
  20. H Amendments AdoptedHouse

Changes

Amendments

2 stored

HB0277HS001

Adopted Standing Committee by H09

HB0277SS001

Adopted Standing Committee by HAWKS