Wyo. Code R. 060-0003-14
Loan and Investment Board
Chapter 14: Fees For Administrative Services and Interest Rates
Effective Date: 07/03/2025 to 10/31/2025
Rule Type: Expired Emergency Rules & Regulations
Reference Number: 060.0003.14.07032025
Fees For Administrative Services and Interest Rates
Emergency rules are in effect no longer than 120 days after filing with the Registrar of Rules.
Section 1. Authority. This Chapter is promulgated under the authority of Wyoming Statute (W.S.) 11-34-103(a), W.S. 11-34-103(b), W.S. 11-34-121, W.S. 11-34-118, W.S. 16-1-109, W.S. 11-34-117(a), W.S. 11-34-117(b), W.S. 16-1-205(b)(i), W.S. 16-1-305(b)(i), W.S. 35-11-530(a), W.S. 35-11-528(e), W.S. 21-18-319(a), W.S. 16-1-111(a), W.S. 16-1-111(d), and W.S. 11-52-102(b)(i).
Section 2. Fees. The Office shall collect the following fees for administrative services associated with the Board's programs:
Section 3. Interest Rates. The Board will charge the following interest rates on loans and amortized sales contracts associated with its programs:
interest rate shall be equal to the yield on a United States Treasury security of the same duration of the loan. The Board may add an additional percentage not to exceed two percent (2%) as a risk premium to the interest rate established under this paragraph. The rate of interest for all farm loans shall not be less than three percent (3%).
(ii) For Beginning Agricultural Producer loans, as defined in Chapter 7, Section 2(c), for the first ten (10) years of the loan the rate shall be equal to the yield on a ten (10) year United States Treasury bond security. At the end of the ten (10) year period the interest rate shall be equal to the yield on a United States Treasury security of the same duration of the loan. The Board may add an additional percentage not to exceed two percent (2%) as a risk premium to the interest rate established under this paragraph. The rate of interest for all farm loans to Beginning Agricultural Producers shall not be less than three percent (3%). Loans to Beginning Agricultural Producers shall not exceed seventy percent (70%) of the land's value.
(iii) For the sale of lands acquired through farm loan foreclosure, the interest rate shall be:
(A) Eight percent (8%) per annum for contracts up to fifty percent (50%) of sale price; (B) Nine percent (9%) per annum for contracts up to sixty percent (60%) of sale price; (C) Ten percent (10%) per annum for contracts up to seventy percent (70%) of sale price.
(c) For loans awarded under Chapter 11, Clean Water State Revolving Fund Loans, the interest rate shall be:
(i) Zero percent (0%) per annum on Department of Environmental Quality Loans for corrective actions at leaking underground and aboveground storage tank sites, pursuant to W.S. 16-1-106(b);
(ii) Zero percent (0%) per annum for all eligible applicants that qualify Green Project Reserve funding as defined by Chapter 11;
(iii) Except as provided in paragraph (v) of this subsection, one and one-half percent (1.5%) per annum when Principal Forgiveness is available in the Program, regardless of whether the loan is eligible for Principal Forgiveness;
(iv) Zero percent (0%) per annum on loans for applicants that volunteer to serve as a Clean Water State Revolving Fund equivalency project for a federal grant;
(v) In accordance with this paragraph, when the Program does not have any Principal Forgiveness funding available, or when the amount of Principal Forgiveness funding in the Program is insufficient to fully fund the amount for which an applicant qualifies. In addition to the interest rate set forth in this paragraph, an applicant eligible for Principal Forgiveness and subject to this paragraph shall receive any available Principal
Forgiveness.
(A) Applicants eligible for seventy-five percent (75%) Principal Forgiveness are eligible for an interest rate of one-half of one percent (0.5%) per annum;
(B) Applicants eligible for fifty percent (50%) Principal Forgiveness are eligible for an interest rate of three-quarters of one percent (0.75%) per annum;
(C) Applicants eligible for twenty-five percent (25%) Principal Forgiveness are eligible for an interest rate of one percent (1%) per annum;
(D) Applicants not eligible for Principal Forgiveness are eligible for an interest rate of one and one-quarter of one percent (1.25%) per annum.
(vi) In accordance with this paragraph for loans that qualify for the large loan interest rate incentive.
(A) Loans in an amount greater than or equal to seven million, five hundred thousand dollars ($7,500,000) and less than ten million dollars ($10,000,000) shall qualify for an interest rate of three-quarters of one percent (0.75%) per annum;
(B) Loans in an amount greater than or equal to ten million dollars ($10,000,000) and less than fifteen million dollars ($15,000,000) shall qualify for an interest rate of one-half of one percent (0.5%) per annum;
(C) Loans in an amount greater than or equal to fifteen million dollars ($15,000,000) shall qualify for an interest rate of one-quarter of one percent (0.25%) per annum.
(vii) Zero percent (0%) per annum for applicants with a project that will consolidate a smaller system into an already existing system; or consolidate several smaller systems into one consolidated system.
(viii) Zero percent (0%) per annum for loans eligible for emerging contaminants funding.
(d) For loans awarded under Chapter 16, Drinking Water State Revolving Fund Loans, the interest rate shall be:
(i) Zero percent (0%) per annum for all eligible applicants that qualify for Green Project Reserve funding, as defined by Chapter 16;
(ii) Except as provided in paragraph (iv) of this subsection, one and one-half percent (1.5%) per annum when Principal Forgiveness is available in the Program, regardless of whether the loan is eligible for Principal Forgiveness;
(iii) Zero percent (0%) per annum on loans for that volunteer to serve as a Drinking Water State Revolving Fund equivalency project for a federal grant.
(iv) In accordance with this paragraph, when the Program does not have any Principal Forgiveness funding available, or when the amount of Principal Forgiveness funding in the Program is insufficient to fully fund the amount for which an applicant qualifies. In addition to the interest rate set forth in this paragraph, an applicant eligible for Principal Forgiveness and subject to this paragraph shall receive any available Principal Forgiveness.
(A) Applicants eligible for seventy-five percent (75%) Principal Forgiveness are eligible for an interest rate of one-half of one percent (0.5%) per annum;
(B) Applicants eligible for fifty percent (50%) Principal Forgiveness are eligible for an interest rate of three-quarters of one percent (0.75%) per annum;
(C) Applicants eligible for twenty-five percent (25%) Principal Forgiveness are eligible for an interest rate of one percent (1%) per annum.
(D) Applicants not eligible for Principal Forgiveness are eligible for an interest rate of one and one-quarter of one percent (1.25%) per annum;
(v) In accordance with this paragraph for loans that qualify for the large loan interest rate incentive.
(A) Loans in an amount greater than or equal to five million dollars ($5,000,000) and less than seven million, five hundred thousand dollars ($7,500,000) shall qualify for an interest rate of three-quarters of one percent (0.75%) per annum.
(B) Loans in an amount greater than or equal to seven million, five hundred thousand dollars ($7,500,000) and less than ten million ($10,000,000) shall qualify for an interest rate of one-half of one percent (0.5%) per annum.
(C) Loans in an amount greater than or equal to ten million dollars ($10,000,000) shall qualify for an interest rate of one-quarter of one percent (0.25%) per annum.
(vi) Zero percent (0%) per annum for loans eligible for emerging contaminants funding.
(vii) Zero percent (0%) per annum for loans eligible for lead service line replacement funding.
(e) For loans awarded under Chapter 35, Municipal Solid Waste Facilities Cease and Transfer Loan and Grant Program, interest rates:
(i) May be at zero percent, up to an annual interest rate equal to the average prime interest rate as determined by W.S. 35-11-528(e). In no event, shall the interest rate exceed an annual interest rate equal to the average prime interest rate as determined by the state treasurer. Interest rates established under this section shall be adjusted on January 1 of each year.
(ii) Shall be established in recognition of the repayment abilities and needs of the applicant eligible for loans under the program.
(f) For loans awarded under Chapter 37, Student Dormitory Capital Construction Loans:
(i) Loans shall be at an interest rate of one percent (1%) plus seventy-five thousandths of one percent (0.075%) for each year of the loan term in excess of five (5) years.
(ii) Refinanced loans under Chapter 37, shall be at the same rate specified under Subparagraph (A) of this Paragraph.
(g) For loans awarded under Chapter 38, Capital Construction Loans,
(i) Loans shall be at an interest rate equal to the yield on a United States treasury security of the same duration of the loan.
(ii) The board may add an additional percentage not to exceed two percent (2%) as a risk premium to the interest rate established under this subsection.
(iii) The rate of interest for all loans issued under Chapter 38 shall not be less than three percent (3%).
(h) For loans awarded under Chapter 43, Small Business Emergency Bridge Loan Program, interest rates:
(i) Shall not exceed zero percent (0%) plus the interest rate earned on pooled fund investments in the previous fiscal year.
(A) The interest rate shall be reduced to account for investment earnings and the rate of return on investments of the small business emergency bridge loan account.