085-2 Wyo. Code R. § 2-6
(a) The Council shall establish the interest rate and term based on the quality of the revenue stream dedicated to repay the loan and the quality of the collateral to secure the loan..
The following criteria shall be used when determining the quality of the revenue stream and collateral:
- (i) Revenue stream
- (A) Certainty of stream over time
- (B) Debt coverage ratio
- (ii) Collateral
- (A) Liquidity
- (B) Loan to value ratio
- (C) Market risk influence on collateral
(b) The interest rate shall not exceed an annual interest rate equal to the average prime interest rate as determined by the State Treasurer. To determine the average prime interest rate, the State Treasurer shall average the prime interest rate for at least seventy-five percent (75%) of the thirty (30) largest banks in the United States. The interest rate shall be adjusted on January 1 of each year. Adjustment to the maximum interest rate each year is applicable to new applications only.
(c) The interest rate may be lower than the maximum allowed if the Council determines the quality of revenue stream dedicated to repayment of the loan demonstrates a high likelihood the loan will be repaid. The term of the loan shall not exceed the economic life of the infrastructure financed. In no case shall the term of the loan exceed thirty years.
085-2 Wyo. Code R. § 2-6