§ 16-5-402 — Definitions

Wyoming § 16-5-402

• Jurisdiction: Wyoming
• Title 16: City, County, State and Local Powers
• Ch. 5: PUBLIC SECURITIES
• Art. 4: BOND ANTICIPATION NOTES

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(a) As used in this act:
(i) "Anticipation note" means notes of the issuer,
evidencing short-term borrowings, issued in anticipation of the
issuance of bonds which a governing body is authorized to issue;
(ii) "Authorizing instrument" means an ordinance,
resolution, instrument or other written evidence of a proceeding
by which a governing body takes formal action and adopts
legislative provisions on matters of some permanency;
(iii) "Bonds" means general obligation bonds or
revenue bonds of an issuer;
(iv) "General obligation bonds" means bonds
authorized to be issued by a governing body or any successor
thereto which are payable or which may be paid from ad valorem
taxes or which constitute a debt or an indebtedness of the
issuer within the meaning of any constitutional or statutory
limitation, which mature one (1) or more years after the date of
their issuance and delivery;
(v) "Governing body" means the city council, town
council, commission, board of commissioners, board of trustees,
board of directors or other legislative body of an issuer in
which the legislative powers of the issuer are vested;
(vi) "Issuer" means any Wyoming county, school
district, municipal corporation, community college, hospital
district, sanitary and improvement district, water district,
sewer district, water and sewer district, county improvement and
service district or other political subdivision of the state
specifically authorized by law to issue any general obligation
bond or revenue bond;
(vii) "Revenue bond" means bonds authorized to be
issued by a governing body or any successor thereto which are
payable from a pledge of designated revenues other than ad
valorem taxes or special assessments which mature one (1) or
more years after the date of their issuance.