(a) The Board shall require such security as it deems advisable. Security for loans may include, but is not limited to, the pledge and assignment of designated special property assessments within a district, the pledge and assignment of user fees, the pledge and assignment of transfer station generated revenue, and/or a first lien on equipment and fixtures.
(b) Appraisals of offered security will be completed by staff appraisers from the Office.
(c) Every loan will be evidenced by a promissory note for the principal sum of the loan signed by the borrower(s).
(d) The loan agreement shall provide a legal right of access to the Board and its agents for the purposes of inspection, maintenance, inventory, retrieval of personal property and fixtures, and foreclosure proceedings. Such right shall be assignable to the purchaser at any foreclosure sale.
(e) All loan documents including, but not limited to, notes, mortgage deeds, and security instruments shall be executed in the form and manner acceptable to the Wyoming Attorney General's Office.
060-35 Wyo. Code R. § 35-7
Amended, Eff. 9/6/2016.