085-1 Wyo. Code R. § 1-7

Current through April 27, 2019

Section 1-7 - Review and Recommendation

a. Completed applications will be reviewed by Council staff to determine eligibility and completeness of the application.

b. Applications that are complete shall be forwarded to a professional selected by the Council who will review the plan and make recommendations for funding.

c. Applications that are complete and receive recommendation for funding shall be forwarded to the Loan Advisory Committee for their review and evaluation. The Loan Advisory Committee will formulate a recommendation to the Board of Directors who will make the final decision on approval or denial utilizing criteria in W.S. 9-12-202 and these rules, including:

• (i) Compliance with Section 6 (Terms, Conditions and Repayment) of the rules; and

• (ii) Compliance with Section 5 (Application Process); and

• (iii) Determine that there are sufficient funds in the Wyoming Seed Capital Loan account to fully fund the request and all other outstanding commitments; and

• (iv) Execution of all legal documents.

085-1 Wyo. Code R. § 1-7