§ 21-17-426 — Investment of pledged revenues

(a) The board may cause to be invested and reinvested any
pledged revenues and any proceeds of bonds or other securities
issued hereunder in any investments authorized under W.S.
9-4-831 and may cause the revenues, proceeds of securities and
investments to be deposited, subject to any limitations
appertaining thereto in section 7, article 15, Wyoming
Constitution, in any trust bank or banks and secured in such
manner and subject to such terms and conditions as the board may
determine, with or without the payment of any interest on the
deposit, including without limitation time deposits evidenced by
certificates of deposit.
(b) Any investments under subsection (a) of this section
may be sold and the proceeds reinvested or redeposited as
provided in this section.
(c) Sales and redemptions of any investments under
subsection (a) of this section shall be made in season so that
the proceeds may be applied to the purposes for which the money
with which the investments were originally acquired was placed
in the treasury of the board.
(d) Any gain from any investments or reinvestments under
this section may be credited to any fund or account pledged for
the payment of any securities issued under this act, including
any reserve therefor, or any other fund or account appertaining
to a project or otherwise appertaining to the university.
(e) Any commercial bank incorporated under the laws of
this state which may act as depository of the proceeds of any
securities issued hereunder, any investments under subsection
(a) of this section owned by the board, any pledged revenues,
and any monies otherwise appertaining to the university may
furnish such indemnifying bonds or to pledge such investments or
such other securities as may be required by the board.