§ 18-3-525 — Dissolution of boards; procedure

(a) Each board of county commissioners may dissolve any
board or district created under W.S. 18-11-101, 18-12-105 or
chapter 9, article 1 of this title in accordance with the
following:
(i) Before any dissolution authorized under this
subsection, the board of county commissioners shall at a regular
meeting disclose its intent to dissolve a specified board or
district. Not later than thirty (30) days before the meeting
required under this paragraph, the board of county commissioners
shall provide written notice of the date, time and location of
the meeting to the affected board or district, which notice
shall include an explanation substantiating the reasons for the
proposed dissolution. The affected board or district shall be
provided sufficient opportunity at the meeting required under
this paragraph to respond to the proposed dissolution;
(ii) Not later than one hundred twenty (120) days
before the proposed dissolution, the board of county
commissioners shall publish not less than two (2) times in the
newspaper designated under W.S. 18-3-517 a plan to dissolve and
terminate the board or district previously created. The plan
shall provide for, at a minimum:
(A) Payment of all bonded and other indebtedness
against the board or district;
(B) The disposition of assets in accordance with
the following:
(I) Any surplus funds remaining to the
credit of the board or district, after payment of the
indebtedness of the board or district, shall be transferred to
the county treasurer for disposition as provided in subdivision
(II) of this subparagraph. If the assets of the board or
district are insufficient, the board or district shall levy
taxes, within the limits of the board's or district's authority,
for the liquidation of the indebtedness;
(II) Any surplus funds remaining shall be
disposed of as provided under one (1) of the following
procedures, as selected by the county assessor:
(1) The funds may be offset against
the portion of the levies of taxing units levied against the
property values of property within the board or district to be
dissolved. If the funds are offset as provided under this
subdivision, the funds shall be distributed to each taxing unit
in the amount of that taxing unit's offset;
(2) The amount may be credited to each
property appearing on the tax roll within the dissolved district
or board on the basis of current assessed value. If the surplus
funds are distributed under this subdivision, the surplus funds
shall be deposited in the unsegregated tax collections account
established and distributed in the same manner as other funds in
that account.
(C) Resolution or reassignment of all contracts,
regulatory agreements and other obligations to which the board
or district is a party.
(iii) Not later than thirty (30) days before the
proposed dissolution, the board of county commissioners shall
hold a public meeting and provide an opportunity for public
comment both at the meeting and in writing;
(iv) After public notice and an opportunity for
public comment has been completed, the board of county
commissioners may revise the plan for dissolution and shall
disapprove or approve by resolution the plan for dissolution and
termination of the created board or district.
(b) Upon approval and passage of a resolution dissolving
the created board or district, the created board or district
shall take all actions necessary to effectuate the plan for
dissolution and termination and dissolve and terminate the board
or district.
(c) Not later than ninety (90) days after the passage of a
resolution dissolving the created board or district, the board
or district shall terminate its existence.