Wyoming § 21-17-422 Use of surplus proceeds

Wyoming Statutes

§ 21-17-422 — Use of surplus proceeds

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

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.

Wyoming § 21-17-422 (Use of surplus proceeds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.