All Roll Calls
Yes: 159 • No: 17
WyomingSF 1952025 General SessionSenateWALLET
AN ACT relating to emergency loan programs; establishing an emergency bridge loan program for small businesses during declared natural disasters; specifying eligibility and requirements for the bridge loan program; specifying terms, conditions and obligations for bridge loans; specifying duties; creating an account; requiring reports; providing a loan; requiring rulemaking; and providing for effective dates.
Sponsored By: Bo Biteman (Republican)
Became Law
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 1 benefits, 0 costs, 2 mixed.
Disaster loans for Wyoming small businesses
Starting July 1, 2025, Wyoming small businesses in counties named in a governor-declared natural disaster can apply for bridge loans. The business must be located and operating there before the disaster. At least one owner with 50% or more must apply and guarantee; that person needs a 550+ credit score and cannot be on probation or parole. Money can only cover recovery costs like repairing fences, replacing livestock, buildings, vehicles, inventory, equipment, leasing land, trucking, or temporary facilities. You cannot use it to expand or to buy assets you did not have before. Loans must be secured by expected insurance or disaster funds, or by business land, equipment, or other assets.
Loan amounts, fees, and interest
Each loan can be up to $750,000. There is a 2% origination fee: the lender receives 2%; the program pays 1% and 1% comes from your loan proceeds. The office may add an extra origination fee if needed. You must repay the full amount within three years. Interest is capped at 0% plus last year’s pooled fund investment rate and may be lowered to match account returns; grants and gifts are used first to cut your interest. You make repayments to the office, which returns the money to the loan account. These rules start July 1, 2025.
How the program runs and is funded
The Office of State Lands and Investments runs the program, and the State Loan and Investment Board writes rules and registers lenders. You apply through a registered Wyoming bank or credit union. After a lender recommends your complete application, the office must decide within five business days, and the director can approve and disburse funds without extra board approval. The state keeps a dedicated account for the program; the treasurer invests it and returns earnings; grants or gifts can be added. With the governor’s OK, the director can borrow up to $25 million at 0% from the reserve to fund loans and must report and seek repayment funding later. These operations take effect July 1, 2025, and the office must write rules to run the program.
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Sponsors & Cosponsors
Sponsor
Bo Biteman
Republican • Senate
Cosponsors
Chip Neiman
Republican • House
Roll Call Votes
Senate vote • 2/26/2025
S Concur:Passed 29-1-1-0-0
Yes: 29 • No: 1
House vote • 2/25/2025
H 3rd Reading:Passed 61-0-1-0-0
Yes: 61 • No: 0
House vote • 2/19/2025
H02 - Appropriations:Recommend Amend and Do Pass 7-0-0-0-0
Yes: 7 • No: 0
House vote • 2/14/2025
H09 - Minerals:Recommend Amend and Do Pass 8-0-1-0-0
Yes: 8 • No: 0
Senate vote • 2/12/2025
Amendment adopted 16-14-1-0-0
Yes: 16 • No: 14
Senate vote • 2/12/2025
S 3rd Reading:Passed 29-1-1-0-0
Yes: 29 • No: 1
Senate vote • 2/7/2025
S02 - Appropriations:Recommend Do Pass 4-1-0-0-0
Yes: 4 • No: 1
Senate vote • 2/6/2025
S05 - Agriculture:Recommend Amend and Do Pass 5-0-0-0-0
Yes: 5 • No: 0
Actions Timeline
Became Law without Signature
3/3/2025Assigned Chapter Number 103
3/3/2025S President Signed SEA No. 0050
2/27/2025SenateH Speaker Signed SEA No. 0050
2/27/2025HouseS Concur:Passed 29-1-1-0-0
2/26/2025SenateAssigned Number SEA No. 0050
2/26/2025H 3rd Reading:Passed 61-0-1-0-0
2/25/2025HouseS Received for Concurrence
2/25/2025SenateH 2nd Reading:Passed
2/24/2025HouseH COW:Passed
2/21/2025HouseH02 - Appropriations:Recommend Amend and Do Pass 7-0-0-0-0
2/19/2025HouseH Placed on General File
2/19/2025HouseH COW:Rerefer to H02 - Appropriations
2/18/2025HouseH09 - Minerals:Recommend Amend and Do Pass 8-0-1-0-0
2/14/2025HouseH Placed on General File
2/14/2025HouseH Received for Introduction
2/13/2025HouseH Introduced and Referred to H09 - Minerals
2/13/2025HouseS 3rd Reading:Passed 29-1-1-0-0
2/12/2025SenateS 2nd Reading:Passed
2/11/2025SenateS COW:Passed
2/10/2025SenateS02 - Appropriations:Recommend Do Pass 4-1-0-0-0
2/7/2025SenateS Placed on General File
2/7/2025SenateS05 - Agriculture:Recommend Amend and Do Pass 5-0-0-0-0
2/6/2025Senate:Rerefer to S02 - Appropriations
2/6/2025SenateS Introduced and Referred to S05 - Agriculture
1/29/2025Senate
Bill Text
Engrossed
Enrolled
Introduced
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