Wyoming § 18-4-505 Annual tax for purpose of redemption; payment of
bonds guaranteed; effect of county division; payment out of
general fund when tax not levied; reimbursement

Wyoming Statutes

§ 18-4-505 — Annual tax for purpose of redemption; payment of bonds guaranteed; effect of county division; payment out of general fund when tax not levied; reimbursement

Wyoming § 18-4-505

Title 18Counties

Ch. 4FINANCE

Art. 5FUNDING BONDS

This text of Wyoming § 18-4-505 (Annual tax for purpose of redemption; payment of bonds guaranteed; effect of county division; payment out of general fund when tax not levied; reimbursement) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 18-4-505 (2026).

Text

(a)The board of county commissioners shall annually levy upon all taxable property in the county in addition to other authorized taxes a sufficient sum to pay the interest on all bonds issued and shall at least one (1) year before the bonds become due and in time to provide means for their payment, levy a sufficient additional sum to pay bonds as they become due. All such taxes shall be levied, assessed and collected as other county taxes until the bonds are fully paid, including interest.

(b)The faith, credit and all taxable property within the county as constituted at the time of issue are and shall continue pledged to the payment of the principal and interest of the bonds. In the event of the division of any county, the segregated territory is relieved from any obligation occasioned b

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(a) The board of county commissioners shall annually levy
upon all taxable property in the county in addition to other
authorized taxes a sufficient sum to pay the interest on all
bonds issued and shall at least one (1) year before the bonds
become due and in time to provide means for their payment, levy
a sufficient additional sum to pay bonds as they become due. All
such taxes shall be levied, assessed and collected as other
county taxes until the bonds are fully paid, including interest.
(b) The faith, credit and all taxable property within the
county as constituted at the time of issue are and shall
continue pledged to the payment of the principal and interest of
the bonds. In the event of the division of any county, the
segregated territory is relieved from any obligation occasioned
by the issuance of the bonds when the county acquiring such
territory pays its proportionate share as provided by W.S.
18-1-316 through 18-1-320.
(c) Should the tax for payment of interest on bonds not be
levied or collected in time for payment, the interest shall be
paid out of monies in the general fund of the county and the
money so used shall be repaid to the general fund out of the
first monies collected from taxes.