Wyoming § 21-17-441 21-17-439. Refunding and refunding bonds; conditions under
which bonds may be refunded

Wyoming Statutes

§ 21-17-441 — 21-17-439. Refunding and refunding bonds; conditions under which bonds may be refunded

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

(a)No bonds may be refunded hereunder unless they have been outstanding for at least one (1) year from the date of their delivery and unless the holders thereof voluntarily surrender them for exchange or payment.

(b)Repealed By Laws 2005, ch. 143, § 2.

(c)The principal amount of the refunding bonds may exceed the principal amount of the refunded bonds if the aggregate principal and interest costs of the refunding bonds do not exceed the unaccrued costs of the bonds refunded, except to the extent any interest on the bonds refunded in arrears or about to become due is capitalized with the proceeds of the refunding bonds. Principal may also then be increased to that extent.

(d)The principal amount of the refunding bonds may also be less than or the same as the principal amount of the bond

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(a) No bonds may be refunded hereunder unless they have
been outstanding for at least one (1) year from the date of
their delivery and unless the holders thereof voluntarily
surrender them for exchange or payment.
(b) Repealed By Laws 2005, ch. 143, § 2.
(c) The principal amount of the refunding bonds may exceed
the principal amount of the refunded bonds if the aggregate
principal and interest costs of the refunding bonds do not
exceed the unaccrued costs of the bonds refunded, except to the
extent any interest on the bonds refunded in arrears or about to
become due is capitalized with the proceeds of the refunding
bonds. Principal may also then be increased to that extent.
(d) The principal amount of the refunding bonds may also
be less than or the same as the principal amount of the bonds
being refunded so long as provision is duly and sufficiently
made for their payment.

Wyoming § 21-17-441 (21-17-439. Refunding and refunding bonds; conditions under which bonds may be refunded) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.