(a) Subsequent requirements. The State Treasurer's Office shall continue to monitor the IDB after its purchase thereof. The IDB documents shall contain periodic reporting and compliance requirements that applicant shall be required to satisfy. In addition, applicant shall provide to the State Treasurer's Office an annual progress report updating the status of the industrial development project being financed by the IDB.
(b) Subsequent disbursements. Any IDB proceeds which are not disbursed on the day of closing will be held by the Trustee until applicant has submitted a disbursement request and proof of eligible expenses as shall be provided in the IDB documents and as described in Section 5(b) above and approved by the State Treasurer's Office.
004-2 Wyo. Code R. § 2-7