Wyoming § 16-6-704 Interest bearing deposit agreement; option to
enter into

Wyoming Statutes

§ 16-6-704 — Interest bearing deposit agreement; option to enter into

Wyoming § 16-6-704

Title 16City, County, State and Local Powers

Ch. 6PUBLIC PROPERTY

Art. 7CONSTRUCTION CONTRACTS WITH PUBLIC ENTITIES

This text of Wyoming § 16-6-704 (Interest bearing deposit agreement; option to enter into) 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. § 16-6-704 (2026).

Text

If requested by the general contractor, a public entity shall
enter into an interest bearing deposit agreement with any
depository designated by the general contractor, after notice to
the surety, to provide an agent for the custodial care and
servicing of any deposits placed with him pursuant to this act
on any contract of more than fifty thousand dollars
($50,000.00). The services shall include the safekeeping of the
obligations and the rendering of all services required to
effectuate the purposes of this act.

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If requested by the general contractor, a public entity shall
enter into an interest bearing deposit agreement with any
depository designated by the general contractor, after notice to
the surety, to provide an agent for the custodial care and
servicing of any deposits placed with him pursuant to this act
on any contract of more than fifty thousand dollars
($50,000.00). The services shall include the safekeeping of the
obligations and the rendering of all services required to
effectuate the purposes of this act.