Wyoming § 21-16-710 Disposition of monies received

Wyoming Statutes

§ 21-16-710 — Disposition of monies received

Wyoming·Title 21 Education·Ch. 16 HIGHER EDUCATION GENERALLY·Art. 7 WYOMING HIGHER EDUCATION ASSISTANCE AUTHORITY

Monies received pursuant to this article, whether as proceeds
from the sale of obligations or as revenues, receipts or income,
shall be held as trust funds to be applied solely as provided in
the proceedings under which the obligations are authorized. The
trustee shall hold and apply the monies for purposes authorized
by this article and by the proceedings authorizing the
obligations and included in the resolution or indenture
providing for the issuance of the obligations.

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Monies received pursuant to this article, whether as proceeds
from the sale of obligations or as revenues, receipts or income,
shall be held as trust funds to be applied solely as provided in
the proceedings under which the obligations are authorized. The
trustee shall hold and apply the monies for purposes authorized
by this article and by the proceedings authorizing the
obligations and included in the resolution or indenture
providing for the issuance of the obligations.

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