(a)Instead of the bonds provided for in W.S. 9-4-820, the
banks or savings and loan associations receiving on deposit
public funds may, as security therefor, furnish to the proper
treasurer of any county, municipality, community college
districts or school district, any of the following:
(i)United States treasury bills, notes or bonds,
including stripped principal or interest obligations of such
issuances, or any other obligation or security issued by the
United States treasury or any other obligation guaranteed as to
principal and interest by the United States;
(ii)Bonds, notes, debentures, or any other
obligations or securities issued by or guaranteed by any federal
government agency or instrumentality, including but not limited
to the following to the extent that they remain federal
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(a) Instead of the bonds provided for in W.S. 9-4-820, the
banks or savings and loan associations receiving on deposit
public funds may, as security therefor, furnish to the proper
treasurer of any county, municipality, community college
districts or school district, any of the following:
(i) United States treasury bills, notes or bonds,
including stripped principal or interest obligations of such
issuances, or any other obligation or security issued by the
United States treasury or any other obligation guaranteed as to
principal and interest by the United States;
(ii) Bonds, notes, debentures, or any other
obligations or securities issued by or guaranteed by any federal
government agency or instrumentality, including but not limited
to the following to the extent that they remain federal
government agencies or instrumentalities, federal national
mortgage association, federal home loan bank, federal farm
credit bank, federal home loan mortgage corporation and
government national mortgage association. All federal agency
securities shall be direct issuances of federal agencies or
instrumentalities;
(iii) Repealed By Laws 1997, ch. 63, § 2.
(iv) Repealed by Laws 1989, ch. 124, §§ 1, 2.
(v) Repealed By Laws 1997, ch. 63, § 2.
(vi) Conventional first mortgages of Wyoming real
estate at a ratio of one and one-half to one (1.5:1) of the
value of public funds secured thereby;
(vii) Repealed By Laws 1997, ch. 63, § 2.
(viii) Repealed By Laws 1997, ch. 63, § 2.
(ix) Repealed By Laws 1997, ch. 63, § 2.
(x) Repealed By Laws 1997, ch. 63, § 2.
(xi) Repealed By Laws 1997, ch. 63, § 2.
(xii) Repealed By Laws 1997, ch. 63, § 2.
(xiii) Repealed By Laws 1997, ch. 63, § 2.
(xiv) Repealed By Laws 1997, ch. 63, § 2.
(xv) Repealed By Laws 1997, ch. 63, § 2.
(xvi) Repealed By Laws 1997, ch. 63, § 2.
(xvii) Repealed By Laws 1997, ch. 63, § 2.
(xviii) Repealed By Laws 1997, ch. 63, § 2.
(xix) Bank qualified municipal bonds of this state or
of counties, cities, community college districts or school
districts of this state or warrants issued by virtue of the laws
of this state, or special improvement bonds issued by
incorporated cities and towns of the state of Wyoming, at market
value;
(xx) Repealed By Laws 1997, ch. 63, § 2.
(xxi) Repealed By Laws 1997, ch. 63, § 2.
(xxii) Repealed By Laws 1997, ch. 63, § 2.
(xxiii) Bank qualified municipal bonds of any state,
county, city, community college district or school district or
special improvement bonds issued by incorporated cities and
towns of any state, at market value and bearing a rating of one
(1) of the three (3) highest investment grades provided by a
nationally recognized rating organization.
(b) The pledged securities shall be subject to the
approval of the proper governing board. This act as it applies
to securities when pledged by state depositories, shall apply as
near as may be to such securities when pledged to the treasurer
of any county, municipality, community college districts or
school district. The director of the state department of audit
shall promulgate rules to govern the pledge of real estate
mortgages.