§ 22-29-401 — Dissolution procedure

(a) Dissolution of a district may be initiated:
(i) By a petition signed by not less than twenty-five
percent (25%) of the voters owning not less than twenty-five
percent (25%) of the assessed valuation of property within the
district, requesting dissolution of the district, filed with the
county commissioners. The petition process shall be governed by
W.S. 22-29-105 through 22-29-108;
(ii) By resolution of the district directors filed
with the county commissioners when the district directors
determine that it is in the best interest of the inhabitants of
the district that the district be dissolved and liquidated;
(iii) By resolution of the county commissioners if:
(A) Either:
(I) The district at the time of the regular
district election has not elected district directors as required
by the principal act; or
(II) The territory within the district is
uninhabited; and
(B) The county commissioners determine that it
is in the best interest of the people of the county that the
district be dissolved and liquidated.
(iv) Within five (5) business days after a petition
is filed or a resolution of a county commission is adopted under
this section, a copy shall be filed with the district secretary,
if any, or with any other district officer who can with
reasonable diligence be located;
(v) If there are no qualified district director
members, the county commissioners shall act as or appoint a
board of trustees to act in behalf of the district.
(b) Subject to subsection (c) of this section, dissolution
of a district shall be initiated by resolution of the board of
county commissioners if the director of the department of audit
has notified the board of county commissioners of the district's
failure to comply with the reporting requirements of W.S. 9-1-
507, and the district has failed to comply with W.S. 9-1-
507(a)(vii) by December 30 of that same calendar year. The board
of county commissioners shall declare the board of directors
vacant under W.S. 22-29-201, and shall fill the board by
appointment under W.S. 22-29-202 for the purpose of dissolving
the district.
(c) A board of county commissioners may, by resolution,
reinstate a district or cease dissolution procedures required
under subsection (b) of this section in accordance with the
following:
(i) The district shall become compliant with the
requirements of W.S. 9-1-507 by not later than April 1 of the
year following the calendar year in which the district fails to
comply with the annual reporting requirement under W.S. 9-1-507;
(ii) Before a district is reinstated or before
dissolution procedures are ceased under this subsection, the
district shall provide a corrective action plan to the board of
county commissioners, which shall approve the plan submitted by
the district before proceeding under this subsection;
(iii) No reinstatement of a district or cessation of
dissolution procedures shall occur unless the department of
audit certifies to the board of county commissioners in writing
that the district has become compliant with the reporting
requirements of W.S. 9-1-507;
(iv) A district reinstated under this subsection
shall be deemed to have never been dissolved;
(v) The board of county commissioners may:
(A) Allow the district to proceed with the board
of directors appointed under subsection (b) of this section; or
(B) Upon reinstatement, declare the board of
directors vacant under W.S. 22-29-201. Upon a declaration of
vacancy under this subparagraph, the board of county
commissioners shall fill the board by appointment under W.S. 22-
29-202.