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·Title 16 City, County, State and Local Powers·Ch. 6 PUBLIC PROPERTY·Art. 7 CONSTRUCTION CONTRACTS WITH PUBLIC ENTITIES

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.

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

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.

Wyoming § 16-6-704 (Interest bearing deposit agreement; option to enter into) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.