§ 15-1-801 — Construction authorized; financing; security

Wyoming § 15-1-801

• Jurisdiction: Wyoming
• Title 15: Cities and Towns
• Ch. 1: GENERAL PROVISIONS
• Art. 8: OFF-STREET PARKING

Text

(a) The governing body of any city or town may construct
and provide off-street parking facilities to reduce street
congestion.
(b) A city or town may:
(i) Appropriate by ordinance all or any portion of
the revenues derived from the use of parking meters for the
creation, purchase, lease, construction and maintenance of
off-street parking facilities;
(ii) Pledge on-street parking meter funds, or
proceeds of gasoline taxes in the manner and subject to the
limitations prescribed by W.S. 15-6-437, as additional security
for the bonds authorized in paragraph (iii) of this subsection;
(iii) Issue revenue bonds for the creation, purchase,
lease, construction and maintenance of off-street parking
facilities, or refunding revenue bonds to refund, pay or
discharge all or a part of its off-street parking facility
revenue bonds, including interest. The procedure for issuing
revenue or refunding revenue bonds is the same as that
prescribed by W.S. 35-2-424 through 35-2-436, as from time to
time amended;
(iv) If parking meters are not used, use any other
funds available to carry out the provisions of this article.