This bill establishes legislative liaisons to the Wyoming Business Council, specifically for the Wyoming Business Ready Community Program. It creates a new section in the law that allows one senator and one representative to serve as nonvoting liaisons, enabling them to attend council meetings, review applications, and provide comments on grant or loan applications. The bill also amends existing laws to clarify the types of projects eligible for funding, emphasizing that grants and loans will only be awarded for projects that promote economic or educational development. Additionally, it specifies that all assets funded through these grants or loans must be owned by the applicant and outlines the reporting requirements for grant and loan recipients.

Furthermore, the bill includes provisions for the reversion of appropriations to the business ready community account, ensuring that unexpended funds remain available for four fiscal years before reverting. It appropriates $30,000 from the general fund to cover the expenses of the legislative liaisons until June 30, 2028, and states that the act will take effect on July 1, 2027. The bill aims to enhance the oversight and effectiveness of the Wyoming Business Ready Community Program by involving legislative representatives in the decision-making process.

Statutes affected:
27LSO-0044 v0.5: 9-12-103, 9-12-601, 9-12-602, 9-12-603