A bill that establishes a new large state loan program and also benefits a Cody business has passed the legislature.
The House made final touches to the bill that will give a $24-million state loan to Lannett Co. Inc., which is considering a nearly $100 million expansion of its Cody lab. In final debate, some in the House questioned the state giving such loans. Evansville Representative Kendall Kroeker says all businesses need loans.
The Wyoming Senate has voted 26 to 4 to approve a bill that will help recruit a company to Cody and establish a loan program to recruit other large businesses.
Roughly $25 million in state loans will be used to help the Lannett Company expand a lab in Cody, but in an effort to avoid violating a constitutional provision against benefiting a single entity, the Senate broadened the bill with a series of amendments.
This concerned Lander Republican Cale Case, who opposed the bill.