060-5 Wyo. Code R. § 5-7

Current through April 27, 2019
Section 5-7 - Disbursement of Loan Proceeds

(a) After a loan has been approved, the borrower will be instructed to obtain short term financing and complete the irrigation development project. The short term lender will be instructed to comply with any construction contracts, maintain all vouchers and receipts, and disburse his proceeds in a proper manner. When the project is completed, an inspection will be done by the Office to insure that the project meets expectations. The loan closing will then be scheduled. State funds will be forwarded to the title insurance office with instructions to close the loan and pay off the short term lender.

060-5 Wyo. Code R. § 5-7

Amended, Eff. 9/8/2017.