This amendment converts the business relocation incentive for a rodeo and cowboy museum from grants to loans with interest and repayment requirements, and restructures the distribution schedule and conditions.
- Changes the characterization of funds from 'granting funds' to 'providing loans' for the rodeo and cowboy museum relocation incentive. (Page 130, lines 4-5)
- Expands the subsection references to include subsection (c) in addition to subsection (b) for purposes of the appropriation. (Page 130, lines 7-8)
- Removes the reference to 'subsection (b) of' from the conditions applicable to the appropriation. (Page 131, line 1)
- Adds language to make funds subject to both subsection (c) and the specified conditions. (Page 131, lines 2-3)
- Deletes eight lines that contained detailed requirements regarding grant approval processes, matching funds conditions, and repayment provisions. (Page 131, lines 4-11)
- Renumbers subsection references from (iv), (v), (vi), (viii), (ix), and (x) to (i), (ii), (iii), (iv), (v), and (vi) respectively. (Page 131-132, various lines)
- Changes references from 'grant' to 'loan' throughout the subsection requirements. (Page 131, line 21; Page 132, lines 7, 29, 34)
- Replaces the reference to 'a repayment provision' with 'penalties' and adds 'loan' after 'accepts'. (Page 132, lines 31-32)
- Inserts a new subsection (c) establishing loan terms including interest rate based on legislative stabilization reserve account returns, a repayment deadline of July 1, 2036, and deposit of repaid funds to the Wyoming tourism reserve and projects account. (Page 132, after line 17)
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