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SF0100

Changes to the Wyoming Business Ready Community Program

Last scannedOct 18, 2026, 2:19 AM

In one sentence

This law updates the Wyoming Business Ready Community Program by allowing the Business Council to recover certain funds from grants, requiring recipients to report on their spending and progress, and mandating annual reports to state legislative committees.

What it does

  • Requires the Wyoming Business Council to create rules identifying the type and maximum percentage of revenue that can be recovered from grants.
  • Requires grant and loan recipients to report on expenditures and progress to the council at least once a year, or more often if the council decides it is necessary.
  • Requires recipients to submit a comprehensive report at the end of their grant or loan term, which must include a cumulative financial audit and a list of accomplishments.
  • Requires the council to report to specific state legislative committees by November 1 each year on the administration of the program, including a list of requests from the previous 24 months, approved amounts, expenditures, and project progress.

Who it affects

  • The Wyoming Business Council
  • Businesses that receive grants or loans under the program
  • The joint appropriations interim committee
  • The joint minerals, economic and business development interim committee

Limits and unknowns

  • The specific rules for the type and maximum percentage of revenue that can be recaptured are not defined in this law; the Business Council must create them later.
  • The law does not specify the exact format for the annual reports, only that they must include specific data like requests, approvals, expenditures, and progress.

Plain language

Terms to know

Recapture
The process of recovering revenue generated from grants to credit back to the business ready community account.
Cumulative financial audit
A detailed review of financial records covering the entire duration of the grant or loan, required in the final report.
Interim committee
A legislative committee that meets between regular sessions to review specific issues, such as appropriations or business development.

Official record

Sources

Source checked
Read the official summary

Bill No.: <billno> Drafter: <drafterinit> Bill No.: SF0100 Drafter: TH LSO No.: 14LSO-0317 Effective Date: 7/1/2014 Enrolled Act No.: SEA0067 Chapter No.: CH0127 Prime Sponsor: Senator Nicholas, P. Catch Title: Business ready community program modifications. Subject: Modification of the business ready community program. Summary/Major Elements: The act modifies the business ready community program as administered by the Wyoming business council. The law previously required repayment of loans to be credited to the business ready community account for redistribution. This act requires revenue generated in relation to grants may also be recaptured by the business council in accordance with rules and regulations to be promulgated. The act requires loan and grant recipients report to the business council on expenditures and progress at least annually, unless requested more frequently by the business council. It also requires a comprehensive report, including a cumulative financial audit, upon completion of the term of the loan or grant activities. Comments: Report required: November 1 of each year, the Wyoming business council is required to report to the joint appropriations interim committee and the joint minerals, economic and business development interim committee on the administration of the business ready community program.

Public statements

Why lawmakers voted

Last checked Aug 7, 6:25 AM

Voted No

Why they voted this way

The lawmaker argues that public funds require ongoing accountability and transparency, believing a 24-month reporting limit is insufficient to track how recapture dollars are used.

Public statementFloor statement at 52:41 Watch the statement
Voted No

Why they voted this way

The lawmaker supports voting against the bill because a 24-month review period does not provide a complete picture of the program's financial history and usage.

Public statementFloor statement at 53:22 Watch the statement

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

Wyoming roll calls

Recorded votes

7 roll calls

S Adopted JCC01 27-2-1-0-02014-03-06 · Senate27 yes 2 no
S Did Not Concur 0-30-0-0-02014-03-05 · Senate0 yes 30 no
H Passed 3rd Reading 60-0-0-0-02014-03-04 · House60 yes 0 no
H02 Recommended Amend and Do Pass 6-1-0-0-02014-02-27 · House6 yes 1 no
S Passed 3rd Reading 29-1-0-0-02014-02-24 · Senate29 yes 1 no
S02 Recommended Amend and Do Pass 3-1-1-0-02014-02-19 · Senate3 yes 1 no
S Introduced and Referred to S02 24-6-0-0-02014-02-13 · Senate24 yes 6 no

Official activity

Bill history

  1. Assigned Chapter NumberLSO
  2. Governor Signed SEA0067Governor
  3. H Speaker Signed SEA No. 0067House
  4. S President Signed SEA No. 0067Senate
  5. Assigned Number SEA0067LSO
  6. S Recedes from NonconcurrenceSenate
  7. S Adopted SF0100JC01Senate
  8. H Appointed JCC01 MembersHouse
  9. S Appointed JCC01 MembersSenate
  10. S Did Not ConcurSenate
  11. S Received for ConcurrenceSenate
  12. H Passed 3rd ReadingHouse
  13. H Passed 2nd ReadingHouse
  14. H Passed CoWHouse
  15. H Amendments AdoptedHouse
  16. Amendment AdoptedHouse
  17. H Placed on General FileHouse
  18. H02 Recommended Amend and Do PassHouse
  19. H Introduced and Referred to H02House
  20. H Received for IntroductionHouse

Changes

Amendments

2 stored

SF0100HS001

Adopted Standing Committee by H02

SF0100SS001

Adopted Standing Committee by BEBOUT