Wyoming § 21-13-701 Submission of question to electors authorized;
purposes for which indebtedness may be created; required public
hearing on bonding proposition; reserve fund for maintenance
required

Wyoming Statutes

§ 21-13-701 — Submission of question to electors authorized; purposes for which indebtedness may be created; required public hearing on bonding proposition; reserve fund for maintenance required

Wyoming·Title 21 Education·Ch. 13 SCHOOL FINANCE·Art. 7 BOND ISSUES

(a)The board of trustees of a school district may, after conducting at least two (2) public hearings as required under subsection (c) of this section and subject to subsection (d) of this section, submit to the qualified electors of the district on a date authorized under W.S. 22-21-103, the question of creating an indebtedness for the purpose of:

(i)Acquiring or improving land;

(ii)Acquiring or erecting buildings;

(iii)Enlarging, improving, remodeling, repairing or adding to buildings;

(iv)Equipping and furnishing buildings;

(v)Repair and maintenance; and

(vi)Any combination of the above.

(b)The purposes for which an indebtedness may be created shall be broadly construed. It is the intention of the legislature that school districts be empowered to create indebtedness under this se

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(a) The board of trustees of a school district may, after
conducting at least two (2) public hearings as required under
subsection (c) of this section and subject to subsection (d) of
this section, submit to the qualified electors of the district
on a date authorized under W.S. 22-21-103, the question of
creating an indebtedness for the purpose of:
(i) Acquiring or improving land;
(ii) Acquiring or erecting buildings;
(iii) Enlarging, improving, remodeling, repairing or
adding to buildings;
(iv) Equipping and furnishing buildings;
(v) Repair and maintenance; and
(vi) Any combination of the above.
(b) The purposes for which an indebtedness may be created
shall be broadly construed. It is the intention of the
legislature that school districts be empowered to create
indebtedness under this section for any purpose which, directly
or indirectly, enables the district to provide facilities which
are in excess of the statewide standards for the adequacy of
school buildings and facilities.
(c) Prior to submitting a bonding proposition to district
voters in accordance with subsection (a) of this section, the
school district board of trustees shall hold at least two (2)
public hearings within the district at which the board provides
an explanation of the need to obtain district funding for
building and facility features that are in excess of state
standards for buildings and facilities.
(d) In addition to subsection (a) of this section and for
any bond proposition submitted to district voters on or after
July 1, 2007, the proposition shall provide that not less than
three percent (3%) of bond proceeds be used for the creation of
reserves or sinking funds for the maintenance and repair of any
buildings or facilities or any building or facility features in
excess of state building and facility adequacy standards which
are to be constructed or otherwise acquired through the bond
issue.

Wyoming § 21-13-701 (Submission of question to electors authorized; purposes for which indebtedness may be created; required public hearing on bonding proposition; reserve fund for maintenance required) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.