Wyo. Code R. 085-0009-2
Small Business Investment Credit Program, Wyoming
Chapter 2: Wyoming SBIC Fee Schedule
Effective Date: 01/16/2015 to Current
Rule Type: Current Rules & Regulations
Reference Number: 085.0009.2.01162015
Section 1. Purpose. These rules are adopted in order to implement W.S. 9-12-1301 through 9-12-1312, specifically setting the application fees and annual certification fees for Wyoming small business investment companies.
Section 2. Authority. Authority for the promulgation of these rules is granted in W.S. 9-12-104(a)(iv).
(a) The application fee to become a Wyoming small business investment company shall be equal to the annual certification fee for a Wyoming small business investment company. The annual certification fees collected from Wyoming small business investment companies shall be adequate to cover direct and indirect costs of program administration. Annual certification fees may vary over time depending on the number of Wyoming small business investment companies that are operating in Wyoming. (b) The annual certification fee shall be set at thirty thousand dollars ((30,000). (c) On or before April 1 of each year, individual certified Small Business Investment Companies shall submit to the council a pro-rata share of the annual certification fee in a percentage equal to the amount of their designated capital divided by the aggregate amount of investment tax credits of thirty million dollars ((30,000,000). In the event there is only one Small Business Investment Company, that company shall submit (100\%) of the annual certification fee.