This amendment adds constitutional public purpose requirements and restrictions on Wyoming Business Council grants and loans, and clarifies cross-references to these new requirements in relevant statutes.
- Corrects cross-references in Section 2 to reference both new subsections (c) and (d) instead of just (c). (Page 6, lines 1-3)
- Adds new subsection (d) establishing constitutional compliance requirements for all Wyoming Business Council grants, loans, investments, and financial aid. Requires grants to serve public purpose (defined as expenditures serving public health, safety, or general welfare with direct public benefit and public ownership, control, or enforceable public-use conditions proportionate to public funds). Prohibits grants to private individuals, associations, or corporations except through repayable loans with documented terms. Requires financial assistance benefiting private entities to be provided only as repayable loans, not grants. Includes savings clause preserving other statutory programs. (Page 8, after line 19)
- Adds public purpose requirement language to the Wyoming Business Ready Community Program article, specifying that grants must be awarded only for public purpose as defined in the new subsection (d)(i) and in compliance with Wyoming Constitution article 16, section 6, and prohibiting grant transfers to private entities except through repayable loans with enforceable terms. (Page 14, line 14)
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