(a) This Chapter is promulgated in part pursuant to W.S. 13-2-101(a)(xiii) (authorized bank activities) and W.S. W.S. W.S. 13-3-404(a)(ii).
(b) This Chapter applies only to banks. It authorizes banks to engage in an activity in which national banks may engage, that being to promote the public welfare through investments in community development projects for low- or moderate-income families. The Commissioner has determined that banks should be authorized to engage in such activities to ensure that banks may maintain an equal competitive position with national banks. This Chapter does so while ensuring that such investments do not endanger the safety and soundness of the bank and are consistent with all requirements of law.
021-15 Wyo. Code R. § 15-1