House approves loan program bill aimed at Cody Lab

By: AP
By: AP

Cheyenne, WY (AP) - The Wyoming House of Representatives has amended a bill to specify that the state treasurer must secure an adequate security interest in projects the state could support through a new large-project loan program.

The House on Wednesday voted 45-to-14 to approve the loan program bill that supporters say will allow the state to lend money to a pharmaceutical company that's considering expansion of its Cody lab.

Cody Republican Sen. Hank Coe is sponsoring the bill. He has said the program would allow the state to lend $24 million to Lannett Co. Inc., which is considering a nearly $100 million expansion of its Cody lab.

The Senate already has approved the bill. Coe says he will recommend that the Senate agree with the House amendment.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KGWN-TV 2923 E. Lincolnway Cheyenne, Wyoming 82001 307-634-7755 KSTF-TV 3385 N. 10th Street Gering, Nebraska 69341 308-632-7535
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 248635251 - kgwn.tv/a?a=248635251