SF0100 • 2014

Business ready community program modifications.

AN ACT relating to the business ready community program; recapturing funds associated with grants under the program; requiring reporting; modifying rulemaking authority; and providing for an effective date.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Senator Nicholas, Phil
Last action: 2014-03-11
Official status: enrolled
Effective date: 7/1/2014

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

SF0100HS001

Standing Committee • H02

Adopted

Plain English: Adopted Standing Committee by H02

This amendment summary is using official source text because generated interpretation was skipped for this run.
The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

SF0100SS001

Standing Committee • BEBOUT

Adopted

Plain English: Adopted Standing Committee by BEBOUT

This amendment summary is using official source text because generated interpretation was skipped for this run.
The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

Bill History

2014-03-11 LSO
Assigned Chapter Number
2014-03-10 Governor
Governor Signed SEA0067
2014-03-06 House
H Speaker Signed SEA No. 0067
2014-03-06 Senate
S President Signed SEA No. 0067
2014-03-06 LSO
Assigned Number SEA0067
2014-03-06 Senate
S Recedes from Nonconcurrence
2014-03-06 Senate
S Adopted SF0100JC01
2014-03-05 House
H Appointed JCC01 Members
2014-03-05 Senate
S Appointed JCC01 Members
2014-03-05 Senate
S Did Not Concur
2014-03-04 Senate
S Received for Concurrence
2014-03-04 House
H Passed 3rd Reading
2014-03-03 House
H Passed 2nd Reading
2014-02-28 House
H Passed CoW
2014-02-28 House
H Amendments Adopted
2014-02-28 House
Amendment Adopted
2014-02-27 House
H Placed on General File
2014-02-27 House
H02 Recommended Amend and Do Pass
2014-02-25 House
H Introduced and Referred to H02
2014-02-25 House
H Received for Introduction
2014-02-24 Senate
S Passed 3rd Reading
2014-02-21 Senate
S Passed 2nd Reading
2014-02-20 Senate
S Passed CoW
2014-02-20 Senate
S Amendments Adopted
2014-02-20 Senate
Amendment Adopted
2014-02-19 Senate
S Placed on General File
2014-02-19 Senate
S02 Recommended Amend and Do Pass
2014-02-13 Senate
S Introduced and Referred to S02
2014-02-12 Senate
S Received for Introduction
2014-02-11 LSO
Bill Number Assigned

Official Summary Text

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.

Current Bill Text

Read the full stored bill text

WORKING DRAFT

ORIGINAL SENATE
FILE

NO.
0100

ENROLLED ACT NO. 67, SENATE

SIXTY-SECOND LEGISLATURE OF THE STATE OF WYOMING
2014 BUDGET SESSION

AN ACT relating to
the
business ready
community program; recapturing funds associated with grants under the program; requiring reporting; modifying rulemaking authority;
and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1.
W.S. 9
‑
12
‑
601
(g) and
by creating new
subsection
s
(n)
and (o)

is
amended to read
:

9
‑
12
‑
601.

Wyoming business ready community program; purpose; creation; rulemaking.

(g)

Repayments of loans under this section shall be credited to the business ready community account.
The
council shall promulgate rules and regulations to identify
the type and maximum amount, as a percentage of the total grant, of the revenue that may be recaptured and credited to the account as a result of grants under this section.

(n)

Grant and loan r
ecipients shall report
the expenditures
and progress related to a loan or a grant to the council
at least
annually
and more frequently if deemed necessary by the council. At the end of the term of the grant or loan, the recipient shall furnish a comprehensive report
to the council th
at shall, at a minimum, include a
cumulative financial audit
and a list of the accomplishments as a result of the grant or loan
.

(o)

On or before November 1 of each year, t
he council shall report
to the joint appropriations interim committee and the joint minerals, economic and business development interim committee information
on the
administration of the business ready community program. The report shall include a list of all grant and loan
requests
made in the previous twenty-four (24) months
, the amount
approved by project, expenditures by project
and
the progress
for each project as of the date of the report
.

Section 2.
This act is effective July 1, 2014.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the Senate.

Chief Clerk