§ 16-5-403 — Authority to issue notes; election thereon

(a) If the qualified electors of an issuer authorize the
issuance of bonds or the issuance of anticipation notes at an
election held pursuant to W.S. 22-21-101 through 22-21-112 and
the governing body of the issuer considers it advisable and in
the interests of the issuer, to anticipate the issuance of the
bonds, the governing body may from time to time and pursuant to
an appropriate authorizing instrument issue its bond
anticipation notes.
(b) At the election to authorize the issuance of bond
anticipation notes, the question shall state the maximum
principal amount for which the notes may be issued, which may
not exceed the principal amount of the bonds authorized, and the
maximum rate of interest that may be paid on the notes.