Wyoming § 15-6-437 Bonds; revolving fund authorized; source of
monies; limitation

Wyoming Statutes

§ 15-6-437 — Bonds; revolving fund authorized; source of monies; limitation

Wyoming § 15-6-437

Title 15Cities and Towns

Ch. 6LOCAL IMPROVEMENTS

Art. 4ASSESSMENTS AND BONDS GENERALLY

This text of Wyoming § 15-6-437 (Bonds; revolving fund authorized; source of monies; limitation) 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. § 15-6-437 (2026).

Text

If the governing body determines that improvements constructed in any local improvement district confer general benefits on the city or town, it may create concurrently a fund to be known as the revolving local improvement fund. In payment for those benefits and to meet the financial requirements of the revolving fund, the city or town shall advance annually to the credit of the fund from the proceeds of city or state gasoline or state cigarette license taxes collected or received by it, a sum of not less than two percent (2%) of the total amount of the bonds issued for the local improvement district for a period of ten

(10)years or for the length of time necessary to pay all bonds issued, whichever is the shorter. The fund shall not exceed twenty percent (20%) of the outstanding bond obl

Free access — add to your briefcase to read the full text and ask questions with AI

If the governing body determines that improvements constructed
in any local improvement district confer general benefits on the
city or town, it may create concurrently a fund to be known as
the revolving local improvement fund. In payment for those
benefits and to meet the financial requirements of the revolving
fund, the city or town shall advance annually to the credit of
the fund from the proceeds of city or state gasoline or state
cigarette license taxes collected or received by it, a sum of
not less than two percent (2%) of the total amount of the bonds
issued for the local improvement district for a period of ten
(10) years or for the length of time necessary to pay all bonds
issued, whichever is the shorter. The fund shall not exceed
twenty percent (20%) of the outstanding bond obligations of the
district.