Wyoming § 16-10-109 Use of surplus funds

Wyoming Statutes

§ 16-10-109 — Use of surplus funds

Wyoming § 16-10-109

Title 16City, County, State and Local Powers

Ch. 10SURFACE WATER DRAINAGE

Art. 1SURFACE WATER DRAINAGE UTILITY ACT

This text of Wyoming § 16-10-109 (Use of surplus funds) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 16-10-109 (2026).

Text

(a)A governing body may use any surplus funds arising from the service charge for the purchase and cancellation of any bonds or other forms of indebtedness issued pursuant to this act. The purchase price of the bonds shall not be either:

(i)Greater than par, plus a premium not to exceed fifty percent (50%) of the face value of all unearned interest coupons attached to any bond purchased; or

(ii)More than the actual market price of the bonds or other forms of indebtedness at the time of purchase.

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(a) A governing body may use any surplus funds arising
from the service charge for the purchase and cancellation of any
bonds or other forms of indebtedness issued pursuant to this
act. The purchase price of the bonds shall not be either:
(i) Greater than par, plus a premium not to exceed
fifty percent (50%) of the face value of all unearned interest
coupons attached to any bond purchased; or
(ii) More than the actual market price of the bonds
or other forms of indebtedness at the time of purchase.