051-23 Wyo. Code R. § 23-8
(a) A Grantee or Sponsor shall provide information required by the Board to administer the Program.
(b) The Loan Repayment Grant shall be administrated through the fiscal office of the Board.
(c) The Loan Repayment Grant shall be disbursed to the Grantee in accordance with the Contract Agreement.
(d) There must be a twenty five percent (25%) cash match of the annual Loan Repayment Grant awarded to a Grantee deposited with the Board before the Board may disburse the annual Loan Repayment Grant to a Grantee. For example, if the Board awards an annual Loan Repayment Grant of ten thousand dollars ($10,000.00) to a Grantee, it is required that matching funds in the amount of two thousand five hundred dollars ($2,500.00) be deposited with the fiscal office of the Board. In this example, the Board is only responsible for seven thousand five hundred dollars ($7,500.00), with the remaining two thousand five hundred dollars ($2,500.00) of the Loan Repayment Grant provided by the Sponsor as matching funds.
(e) Matching funds are the sole responsibility of the Grantee and the Sponsor. Further, it is the sole responsibility of the Grantee and the Sponsor to ensure that the twenty five percent (25%) matching funds are deposited with the Board each year prior to Annual Loan Repayment Grant disbursement to the Grantee. The Board's fiscal officer shall annually invoice the Sponsor for the amount of the required Sponsor matching funds.
051-23 Wyo. Code R. § 23-8
Amended, Eff. 5/12/2015.