Wyoming § 21-17-421 Use of proceeds from issuance of securities;
accrued interest and premiums

Wyoming Statutes

§ 21-17-421 — Use of proceeds from issuance of securities; accrued interest and premiums

Wyoming·Title 21 Education·Ch. 17 UNIVERSITY OF WYOMING·Art. 4 CAPITAL CONSTRUCTION PROJECTS

All monies received from the issuance of any securities under
this act shall be used solely for the purpose or purposes for
which issued and to defray the cost of the project thereby
delineated. Any accrued interest and any premium shall be
applied to the cost of the project or to the payment of the
interest on or the principal of the securities, or both, or
shall be deposited in a reserve therefor, or any combination
thereof, as the board may determine.

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All monies received from the issuance of any securities under
this act shall be used solely for the purpose or purposes for
which issued and to defray the cost of the project thereby
delineated. Any accrued interest and any premium shall be
applied to the cost of the project or to the payment of the
interest on or the principal of the securities, or both, or
shall be deposited in a reserve therefor, or any combination
thereof, as the board may determine.

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