060-17 Wyo. Code R. § 17-11

Current through April 27, 2019

Section 17-11 - Loan Security

(a) The Board may require a first-position security interest in any facility or equipment financed by a loan extended under this chapter. The Board may also require a first-position security interest in any user fees or assessments derived through the operation of the facility or equipment.

(b) If the Board obtains a lien on facilities, the borrower shall:

• (i) Maintain adequate insurance on the facility;

• (ii) Pay all applicable taxes and assessments when due; and

• (iii) Maintain the facility in good condition.

060-17 Wyo. Code R. § 17-11