§ 24-11-101 — Special obligation loans

The Wyoming transportation commission, a public instrumentality
of the state of Wyoming, may borrow money from the Wyoming
community development authority. Borrowing shall be evidenced by
a special obligation loan or loans bearing interest at a rate or
rates not exceeding ten percent (10%) per annum. Any such
special obligation loan shall not constitute a debt nor an
indebtedness within the meaning of any constitutional or
statutory debt limitations. The proceeds of each special
obligation loan shall be used for the purpose of constructing or
otherwise acquiring highway facilities which become necessary by
reason of the location and expansion of mineral extractive
industries and other industrial developments in the state.