Wyo. Code R. 085-0017-8
Effective Date: 08/19/2022 to Current
Rule Type: Current Rules & Regulations
Reference Number: 085.0017.8.08192022
(a) The maximum loan amount utilizing the natural gas fueling infrastructure loan program shall be one million dollars ($1,000,000.00);
(b) There shall be no more than five million dollars ($5,000,000.00) of total outstanding loans in the natural gas fueling infrastructure loan program portfolio;
(c) The maximum loan amount for loans made under this Chapter of these Rules is the lesser of seventy-five percent (75%) of the project cost or the appraised value of the completed project;
(d) Loans made under this Chapter of these Rules shall not require interest or principal payments for the first two (2) years of the loan term. All deferred interest during the first two (2) years shall, however, be added to the principal balance; and
(e) The minimum interest rate for loans made under this Chapter of these Rules shall be four percent (4%) per annum.