§ 37-5-605 — Bonds as legal investments

Wyoming § 37-5-605

• Jurisdiction: Wyoming
• Title 37: Public Utilities
• Ch. 5: WYOMING PIPELINE AUTHORITY AND WYOMING
• Art. 6: FINANCING OF OTHER PROJECTS

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The bonds of the authority are legal investments that may be
used as collateral for public funds of the state, insurance
companies, banks, savings and loan associations, investment
companies, trustees and other fiduciaries that may properly and
legally invest funds in their control or belonging to them in
bonds of the authority. With the written approval of the state
loan and investment board and the attorney general, the state
treasurer may invest monies from the permanent Wyoming mineral
trust fund in bonds of the authority in an amount specified by
the state loan and investment board and the attorney general but
not to exceed the amount specified in W.S. 37-5-602(a) and (b).
The interest payable on the bonds shall be not less than four
percent (4%), and revenue under W.S. 37-5-602(b) shall be
credited as received to the general fund. The limitation on
specific public purpose investments under W.S. 9-4-715(n) shall
not apply to investments made under this section.