SF0097SS001

Page 1-line 10 Delete "twenty-four million four" insert "thirty million dollars ($30,000,000.00)".

Page 1-line 11 Delete through "($24,400,000.00)".

Page 2-line 10 Delete "one (1) loan" insert "grants or loans".

Page 2-line 11 Delete "the first" insert "any".

Page 2-line 12 After "city" insert ", town, county or joint powers board".

Page 2-line 13 Delete "the".

Page 2-line 14 Delete and insert "infrastructure for the expansion of recruitment of a large business. All infrastructure funded by this appropriation shall be owned by the applicant. Grants and loans may be made by the council for economic development infrastructure projects, including the purchase of land, buildings, facilities, telecommunications infrastructure, rights of way, airports, sewer and water projects, roads, landscaping or other infrastructure determined by the council to be consistent with the purposes of this section.".

Page 2-line 15 Delete "project.".

Page 2-line 17 Delete and insert "grants or loans made under this section. The council shall consider the legislative intent of this section that these funds shall be used for projects which are anticipated to have an impact on the community beyond that anticipated for projects normally funded under the business ready community program. The council may also recognize the relative impact of the proposed project in consideration of the size of the community impacted.".

Page 2-line 18 Delete "not a grant.".

Page 2-line 19 After "a" insert "grant or"; delete "city" insert "applicant".

Page 2-line 21 Delete "seventy-one" insert "seventy million dollars ($70,000,000.00)"

Page 2-line 22 Delete through "($71,500,000.00)".

Page 2-line 23 Delete "The" insert "Grants or loans".

Page 2-line 24 Delete "loan"; delete "is" insert "are".

Page 3-line 2 Delete "the loan is" insert "loans made under this section are".

Page 3-after line 4 Insert:

"(c)  The appropriation under subsection (a) of this section shall not be expended except in compliance with the following:

(i)  An independent third party, approved by the Wyoming business council, at the expense of the applicant shall provide an analysis of:

(A)  The economic benefit to the applicant including the creation of additional employment opportunities, expansion of the tax base, increasing sales, property or other tax revenues to the applicant and maintenance and promotion of a stable, balanced and diversified economy;

(B)  The feasibility of the project, the financial responsibility and capacity of the business and historical financial information for the business for the previous five (5) years.

(ii)  All contracts and agreements concerning the project shall be reviewed by the attorney general prior to a recommendation by the Wyoming business council to the state loan and investment board;

(iii)  Any grant or loan recommended by the council under this section shall be subject to approval by the governor.". HINES, CHAIRMAN