Wyo. Code R. 060-0003-14
Loan and Investment Board
Chapter 14: Fees for Administrative Services & Interest Rates
Effective Date: 07/03/2002 to 01/02/2003
Rule Type: Superceded Rules & Regulations
Reference Number: 060.0003.14.07032002
STATE LOAN AND INVESTMENT BOARD
Section 1. Authority.
(a) This Chapter is promulgated under the authority of W.S. 11-34-103(a).
Section 2. Definitions.
As used in this chapter:
(a) "Board" means the State Loan and Investment Board.
(b) "Director" means the Director of the Office of State Lands and Investments.
(c) "Office" means the Office of State Lands and Investments.
Section 3. Fees.
(a) The Board will collect fees for administrative services occurring from activities associated with its programs conducted in accordance with the following Board rules:
(i) Farm Loans:
(A) Application Fee - $100.00
Section 4. Interest Rates.
(a) The Board will charge interest rates on all loans associated with its programs conducted in accordance with the following Board rules:
(i) Chapter 2 - Joint Power Act Loans:
(A) 6% per annum, no equity requirement.
(ii) Chapter 5 - Irrigation Loans:
(A) 6% per annum, Equity requirements vary depending on location of security.
(B) Sales Contracts - Sale of lands acquired through foreclosure:
(I) 8% per annum for loans up to 50% of value;
(II) 9% per annum for loans up to 60% of value;
(III) 10% per annum for loans up to 70% of value.
(A) 8% per annum for loans up to 50% of value;
(B) 9% per annum for loans up to 60% of value.
(C) Sales Contracts - Sale of lands acquired through farm loan foreclosure:
(I) 8% per annum for loans up to 50% of value;
(II) 9% per annum for loans up to 60% of value;
(III) 10% per annum for loans up to 70% of value.
(A) 0% per annum on Department of Environmental Quality Loans for corrective actions at leaking underground storage tank sites, pursuant to W.S. 16-2-106(b), no equity requirement;
(B) 2.5% per annum on all other loans, no equity requirement.
requirements.
(A) 2.5% per annum on all loans, no equity