§ 24-1-119 — State highway fund created; income and expenditure

There is created a fund known as the state highway fund, to the
credit of which the state treasurer, who is designated as the
state official to receive all amounts paid by the United States
under the act of congress approved July 11, 1916, shall place
all monies previously received for the fund, all money
subsequently received from the United States, under cooperative
agreements as authorized, all money derived from taxes levied
for such purpose or appropriated for the fund, all monies
received from the sale of state bonds for highway construction
or improvement, all money received from the counties under
cooperative agreements as hereinbefore authorized, and all other
monies received from donations or bequests, which may be
accepted by the commission on behalf of the state of Wyoming, or
from any source designated by law for that purpose. All monies
in the fund shall be available for the purpose of this act
without further appropriation and no warrant shall be drawn on
the fund excepting on a voucher approved by the director of the
department of transportation or an assistant authorized by the
director and approved by the transportation commission. It is
provided that seventy-five percent (75%) of the amount of any
bond issue subsequently issued by the state of Wyoming for the
construction or improvement of state highways, after the payment
of overhead expense, shall be apportioned to and spent in each
county in the proportion which the assessed valuation of each
county by the last general assessment bears to the total
assessment of the state.