This amendment adds constitutional requirements for public purpose and restrictions on grants to private entities for all Wyoming business council programs.
- Changes the reference from a single subsection to multiple subsections in the section heading to accommodate the new subsection (d) being added. (Page 6, lines 1-3)
- Adds new subsection (d) establishing four requirements for all grants, loans, investments, and financial expenditures administered by the Wyoming business council: (i) grants must serve a public purpose as defined by constitutional standards; (ii) no grant funds may benefit private individuals, associations, or corporations except through repayable loans with enforceable terms; (iii) financial aid benefiting private entities must be provided only as repayable loans or loan guarantees, not grants; and (iv) the subsection does not alter other programs under law. (Page 8, lines 5-39)
- Adds language requiring grants under the Wyoming business ready community program article to be awarded only for public purposes as defined in the new subsection (d)(i) and in compliance with the Wyoming constitution, and prohibits grants that benefit private individuals, associations, or corporations unless the benefit is provided solely through a repayable loan with enforceable terms. (Page 14, lines 14-6 (continuation))
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