085-1 Wyo. Code R. § 1-8
Revenue generated by the applicant or an owner described in Section 7 must be recaptured at a negotiated rate commensurate with the public investment. A minimum of twenty-five percent (25%) of net revenue generated must be reimbursed to the BRC fund up to the original grant amount of the project. Revenue recapture requirements may be satisfied by repayment of a BRC loan or via revenue recapture payments unless otherwise prohibited by governmental rules or regulations.
(a) All funds recaptured at the local level shall be placed in a segregated economic development account.
(b) No more than fifty percent (50%) of local recapture may be used for operational expenses if matched dollar-for-dollar by local funds.
(c) Revenue recapture must be repaid to the BRC fund annually or according to a schedule ag8reeable to Council staff.
085-1 Wyo. Code R. § 1-8
Amended, Eff. 7/25/2016.