SF0018 - WCDA-financing care facilities.
2001 |
State of Wyoming |
01LSO-0247 |
SENATE FILE NO. SF0018
WCDA-financing care facilities.
Sponsored by: Select Committee on Capital Financing and
Investments
A BILL
for
1 AN ACT relating to the
authority of the Wyoming community
2 development
authority to finance care facilities; modifying
3
definition of care facilities; providing authority to
4
finance care facilities as specified; conforming current
5
provisions and providing additional bonding authority; and
6
providing for an effective date.
7
8 Be It Enacted by the Legislature of the State of Wyoming:
9
10 Section 1. W.S. 9-7-102(a)(ii), 9-7-103(a)(viii),
(x)
11 and (xi), 9-7-105(a) by creating a
new paragraph (xxii) and
12 9-7-108 by creating a new subsection
(j) are amended to
13 read:
14
15 9-7-102. Legislative findings.
16
Page 1
1 (a) It is declared that:
2
3 (ii) It is in
the public interest of the
4
citizens of this state to promote the economic welfare of
5 the
state and its residents by increasing employment,
6
stimulating economic activity, augmenting sources of tax
7
revenue, fostering economic stability,
furthering health
8 care and improving the balance of the state's
economy;
9
10 9-7-103. Definitions.
11
12 (a) As used in this act:
13
14 (viii) "Intermediate Care
facility" means a 15
facility
licensed or regulated by the state or a 16
municipality
or other political subdivision in which the 17
facility
is located for the accommodation of persons who 18
because
of incapacitating infirmities require minimum but 19
continuous
care any governmental or nonprofit
hospital and
20 may
include any land, building, other improvements or
21 equipment
and all real and personal, tangible or
22 intangible,
property in connection therewith, or any
23 interest
therein or combination thereof;
24
Page 2
1 (x) "Project"
means a care facility or a
2
specific residential housing project including lands, 3
buildings, improvements, real and personal properties or 4
any interest therein or any combination thereof, an 5
intermediate care facility any land, building, other
6 improvements or equipment and all real and personal,
7 tangible or intangible, property in connection therewith,
8 or any interest therein or combination thereof, or
any
9
portion of a project;
10
11 (xi) "Project
cost" means the sum total of costs
12 which the authority deems necessary for
financing and
13 carrying out a housing
project;
14
15 9-7-105. Community development
authority; general
16 powers and duties.
17
18 (a) For the purposes of this act, the authority may:
19
20 (xxii) Make loans to finance projects, including
21 construction
loans and advances, under terms and
22 conditions,
and with security therefore, as the authority
23 deems
appropriate.
24
Page 3
1 9-7-108. Community development
authority; revenue
2 bonds; amount authorized.
3
4 (j) In addition to the
bonds authorized by subsection
5 (h) of this section, the authority may
issue and have
6 outstanding additional bonds for care
facility projects in
7 an aggregate amount of up to two
hundred fifty million
8 dollars ($250,000,000.00).
9
10 Section 2. W.S. 9-7-103(a)(iv)(C) is repealed.
11
12 Section
3. This act is effective immediately upon
13 completion of all acts necessary for a bill
to become law
14 as provided by Article 4, Section 8 of the
Wyoming
15 Constitution.
16
17 (END)
Page 4