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.
Business disaster loans carry repayment rules
Beginning July 1, 2025, each business can borrow up to $750,000 and must repay fully within three years. Loans require security through insurance proceeds, expected disaster funds, or business land, equipment, or other assets. The interest cap equals 0% plus the state's pooled-fund investment rate from the prior fiscal year. The rate must be reduced to reflect program account earnings and returns. Each loan has a 2% processing fee: the state pays 1%, and the borrower pays 1% from loan proceeds. The office can charge an extra borrower-paid fee to offset reduced investment earnings. Loans cover recovery needs such as fence repairs, livestock replacement, replacement buildings or shelters, vehicles, inventory, and equipment. They also cover business land leases, necessary trucking or transportation, and temporary facilities. Borrowers cannot use loans to expand operations or buy property or equipment they did not have before the disaster.
Disaster loans for eligible Wyoming businesses
Beginning July 1, 2025, Wyoming provides short-term business loans in counties covered by a governor-declared natural disaster, including infrastructure failures. Businesses must be physically located and doing business in Wyoming, located in the declared area, and operating before the disaster. Applying owners must together own at least 50% of the business and guarantee repayment. Each applicant needs a credit score of at least 550 and cannot be on probation or parole. Excluded activities include loan packaging, short-term rentals, speculation, multi-level sales or distribution, gaming, investment, lending, and illegal activity. Businesses apply through a registered bank or credit union with a Wyoming presence, which reviews applications and sends recommendations. The Office of State Lands and Investments must review recommendations within five business days. Its director can approve loans without State Loan and Investment Board approval, subject to available funding. Funds go through the participating institution or directly to borrowers when requested or when the institution cannot accept them.
State funding backs business disaster loans
Beginning July 1, 2025, a dedicated state account funds business disaster loans, specified processing fees, and administrative costs. The account has ongoing spending authority and receives repayments, investment earnings, and accepted grants, gifts, or other funds. The State Treasurer invests the money; outside funds must first lower borrowers' interest costs in proportion to their loans. With the governor's approval, the office director can borrow up to $25 million from the Legislative Stabilization Reserve Account at 0% interest. This authority does not guarantee that the full amount is borrowed or available. The director must notify the Joint Appropriations Committee and legislative leaders when borrowing. Until all loans are repaid, each biennial and supplemental budget request must seek the lesser of $25 million or outstanding loans. By October 1 each year, the office must report loans, outstanding commitments, repayments, and the account balance to the board and designated legislative committees. The State Loan and Investment Board sets program rules and oversees lender registration; the office's rulemaking requirement takes effect immediately.
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
Assigned Chapter Number 103
3/3/2025Became Law without Signature
3/3/2025H Speaker Signed SEA No. 0050
2/27/2025HouseS President Signed SEA No. 0050
2/27/2025SenateAssigned Number SEA No. 0050
2/26/2025S Concur:Passed 29-1-1-0-0
2/26/2025SenateS Received for Concurrence
2/25/2025SenateH 3rd Reading:Passed 61-0-1-0-0
2/25/2025HouseH 2nd Reading:Passed
2/24/2025HouseH COW:Passed
2/21/2025HouseH Placed on General File
2/19/2025HouseH02 - Appropriations:Recommend Amend and Do Pass 7-0-0-0-0
2/19/2025HouseH COW:Rerefer to H02 - Appropriations
2/18/2025HouseH Placed on General File
2/14/2025HouseH09 - Minerals:Recommend Amend and Do Pass 8-0-1-0-0
2/14/2025HouseH Introduced and Referred to H09 - Minerals
2/13/2025HouseH Received for Introduction
2/13/2025HouseS 3rd Reading:Passed 29-1-1-0-0
2/12/2025SenateS 2nd Reading:Passed
2/11/2025SenateS COW:Passed
2/10/2025SenateS Placed on General File
2/7/2025SenateS02 - Appropriations:Recommend Do Pass 4-1-0-0-0
2/7/2025Senate:Rerefer to S02 - Appropriations
2/6/2025SenateS05 - Agriculture:Recommend Amend and Do Pass 5-0-0-0-0
2/6/2025SenateS Introduced and Referred to S05 - Agriculture
1/29/2025Senate
Bill Text
Engrossed
Enrolled
Introduced
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