Wyoming § 21-17-422 Use of surplus proceeds

Wyoming Statutes

§ 21-17-422 — Use of surplus proceeds

Wyoming § 21-17-422

Title 21Education

Ch. 17UNIVERSITY OF WYOMING

Art. 4CAPITAL CONSTRUCTION PROJECTS

This text of Wyoming § 21-17-422 (Use of surplus proceeds) 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. § 21-17-422 (2026).

Text

Any unexpended balance of the proceeds of securities remaining
after the completion of the acquisition or improvement of
properties pertaining to the project or otherwise the completion
of the purpose or purposes for which the securities were issued
shall be credited immediately to the fund or account created for
the payment of the interest on or the principal of the
securities, or both principal and interest, and shall be used
therefor, subject to the provisions as to the times and methods
for their payment as stated in the securities and the
proceedings authorizing or otherwise appertaining to their
issuance, or so paid into a reserve therefor, or any combination
thereof, as the board may determine.

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Any unexpended balance of the proceeds of securities remaining
after the completion of the acquisition or improvement of
properties pertaining to the project or otherwise the completion
of the purpose or purposes for which the securities were issued
shall be credited immediately to the fund or account created for
the payment of the interest on or the principal of the
securities, or both principal and interest, and shall be used
therefor, subject to the provisions as to the times and methods
for their payment as stated in the securities and the
proceedings authorizing or otherwise appertaining to their
issuance, or so paid into a reserve therefor, or any combination
thereof, as the board may determine.