001-2 Wyo. Code R. §§ 2-1 - Wyoming Community Development Authority

On January 1st of each calendar

year, Wyoming Community Development Authority (WCDA) shall receive a set allocation of the state ceiling in the amount of $90,000,000.

(a) On or before July 15^th of each calendar year, the WCDA shall file a written report with the Governor. The report shall describe WCDA's actual and expected bond issuances for the year and shall identify any allocation WCDA anticipates it will not use before December 31st of the reporting year. The report shall demonstrate WCDA's need to retain the amount of the allocation it does not anticipate using before December 31st of the reporting year.

(b) If the Governor determines that the state and local benefits of tax-exempt financing will be better served by transferring the portion of WCDA's allocation that it does not anticipate using by December 31st to the general allocation pool, the Governor may, any time after July 15th, declare such portion of the WCDA's allocation expired, and such portion shall revert to the general allocation pool.

(c) Any portion of the WCDA's $90,000,000 annual allocation not used by December 31st of the year in which it was allocated shall expire on December 31st and revert to the general allocation pool.

(d) WCDA, if it satisfies all requirements of Chapter 6, shall automatically receive as a carryforward any unused portion of the general allocation pool as provided in Chapter 6 of these rules.

(e) Between January 1st and March 31st of each year following allocation of a carryforward to the WCDA, WCDA shall, upon request of the Governor, relinquish and make available for general allocation a portion of its annual $90,000,000 allocation up to or equal to the carryforward allocation received by the WCDA, as provided in Chapter 6 of these rules. Between April 1st and June 30th of each year following allocation of a carryforward to the WCDA, WCDA shall, upon request of the Governor, relinquish and make available for general allocation a portion of its unused or uncommitted annual $90,000,000 allocation up to or equal to the carryforward allocation received by WCDA, as provided in Chapter 6 of these rules.

(f) WCDA may apply for an allocation from the general allocation pool only after the available annual WCDA allocation is committed to private activity bonds. Any application by WCDA for an allocation from the general allocation pool shall comply with the requirements of Chapter 3.

Notes

001-2 Wyo. Code R. §§ 2-1