Partnership challenge loan program-amendments.

HB 46 amends Wyoming's Partnership Challenge Loan Program to add new financing options for businesses. It creates "succession financing" (up to $500,000) to help businesses with ownership transitions after at least seven years of operation, and establishes "contract financing" (up to $200,000) using business contracts as collateral. The bill increases the bridge financing loan limit from $1 million to $2.5 million (or 50% of project cost, whichever is less) and prohibits new loan guarantees or guarantee participations after July 1, 2022. These changes directly affect Wyoming businesses seeking loans for succession planning, project financing, or contract-based liquidity, while updating program rules and reporting requirements.