(a)Each Wyoming small business investment company shall
report the following to the council:
(i)As soon as practicable after the receipt of
designated capital:
(A)The name of each participating investor from
which the designated capital was received, including such
participating investor's national association of insurance
commissioners (NAIC) identification number;
(B)The amount of each participating investor's
investment of designated capital; and
(C)The date on which the designated capital was
received.
(ii)On or before January 31 of each year:
(A)The amount of the Wyoming small business
investment company's remaining uninvested designated capital at
the end of the immediately preceding fiscal year;
(B)Whether the Wyoming small business
investment company has invested more than
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(a) Each Wyoming small business investment company shall
report the following to the council:
(i) As soon as practicable after the receipt of
designated capital:
(A) The name of each participating investor from
which the designated capital was received, including such
participating investor's national association of insurance
commissioners (NAIC) identification number;
(B) The amount of each participating investor's
investment of designated capital; and
(C) The date on which the designated capital was
received.
(ii) On or before January 31 of each year:
(A) The amount of the Wyoming small business
investment company's remaining uninvested designated capital at
the end of the immediately preceding fiscal year;
(B) Whether the Wyoming small business
investment company has invested more than twenty percent (20%)
of its total designated capital in any one (1) business;
(C) All qualified investments that the Wyoming
small business investment company has made in the previous
fiscal year, including the number of employees of each qualified
business in which it has made investments at the time of such
investment and as of December 1 of the preceding fiscal year;
and
(D) For any qualified business where the Wyoming
small business investment company no longer has an investment,
the Wyoming small business investment company shall provide
employment figures for that company as of the last day before
the investment was terminated.
(iii) Any information that the council may require by
rule and regulation:
(A) Which will help the council ascertain the
impact of the Wyoming small business investment company program
directly and indirectly on the economy of the state of Wyoming
including, without limitation, the number of jobs created by
qualified businesses that have received qualified investments;
or
(B) Information on the operations of the Wyoming
small business investment company that the council requires to
determine compliance with the requirements of this article.
(iv) Within ninety (90) days of the close of its
fiscal year, annual audited financial statements of the Wyoming
small business investment company which shall include the
opinion of an independent certified public accountant.
(b) The business council shall set annual certification
fees through rule and regulation in the manner provided in W.S.
33-1-201(a). A Wyoming small business investment company shall
submit to the council the annual, nonrefundable certification
fee on or before April 1 of each year. The council shall
transfer the fee to the state treasurer for deposit into the
general fund. The annual certification fee shall not be required
for the year if the payment date under this subsection is within
six (6) months of the date a Wyoming small business investment
company is first certified by the council under W.S. 9-12-1303.