Wyoming § 41-3-748 Surplus funds

Wyoming Statutes

§ 41-3-748 — Surplus funds

Wyoming·Title 41 Water·Ch. 3 WATER RIGHTS; ADMINISTRATION AND CONTROL·Art. 7 WATER CONSERVANCY DISTRICTS

Whenever a contract of indebtedness has been created by the
district, it shall be lawful for the board to make the annual
levy of taxes and special assessments in such amount as will
create a surplus of funds to meet the annual installments of
indebtedness and/or the payment of bonds and interest, and the
necessary maintenance and operating charges, and the board shall
cause such surplus funds to be placed in a sinking fund which
may be used for the payments of contingencies, defaults and
delinquencies, and to pay the future annual installments of
indebtedness on contract and/or bonds and interest.

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Whenever a contract of indebtedness has been created by the
district, it shall be lawful for the board to make the annual
levy of taxes and special assessments in such amount as will
create a surplus of funds to meet the annual installments of
indebtedness and/or the payment of bonds and interest, and the
necessary maintenance and operating charges, and the board shall
cause such surplus funds to be placed in a sinking fund which
may be used for the payments of contingencies, defaults and
delinquencies, and to pay the future annual installments of
indebtedness on contract and/or bonds and interest.

Wyoming § 41-3-748 (Surplus funds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.