(a)When a county memorial hospital as defined in W.S.
18-8-101 has been established as provided in W.S. 18-8-102 the
board of county commissioners when requested by the board of
trustees of a county memorial hospital may issue revenue bonds,
notes and warrants or other revenue securities for the purpose
of acquiring, erecting, constructing, reconstructing, improving,
remodeling, furnishing or equipping hospitals or related
facilities, or acquiring a site or sites therefor. The procedure
for issuing or refunding revenue bonds is the same as prescribed
by W.S. 35-2-424 through 35-2-436 as from time to time amended.
(b)The trustees of a county memorial hospital may obtain
financing for its operations by entering into agreements for
lines of credit with any financial institution as defined i
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(a) When a county memorial hospital as defined in W.S.
18-8-101 has been established as provided in W.S. 18-8-102 the
board of county commissioners when requested by the board of
trustees of a county memorial hospital may issue revenue bonds,
notes and warrants or other revenue securities for the purpose
of acquiring, erecting, constructing, reconstructing, improving,
remodeling, furnishing or equipping hospitals or related
facilities, or acquiring a site or sites therefor. The procedure
for issuing or refunding revenue bonds is the same as prescribed
by W.S. 35-2-424 through 35-2-436 as from time to time amended.
(b) The trustees of a county memorial hospital may obtain
financing for its operations by entering into agreements for
lines of credit with any financial institution as defined in
W.S. 13-1-101(a)(ix). The line of credit may either be
unsecured, or secured by a pledge of revenues anticipated to be
received during the current fiscal year.
(c) In addition to the authority of the county
commissioners to issue certificates of indebtedness to meet the
obligations of county memorial hospitals under W.S. 18-4-104,
with the permission of the board of county commissioners, the
trustees of a county memorial hospital may issue tax and revenue
anticipation notes in amounts not to exceed eighty percent (80%)
of the total amount of taxes levied for operation of the
hospital for the fiscal year during which the notes are issued
when the board determines that insufficient funds are available
to meet the obligations of the hospital during any fiscal year.
A county memorial hospital shall not enter into agreements or
issue instruments of the type allowed by this section for any
fiscal year until all debts financed by such agreements or
instruments for any prior fiscal year have been paid in full.
Tax and revenue anticipation notes issued under this subsection
are subject to the procedural requirements of W.S. 9-4-1103
through 9-4-1105 for state tax and revenue anticipation notes,
except:
(i) The authority of the state treasurer referenced
in W.S. 9-4-1103 through 9-4-1105 shall be exercised by the
board issuing the notes; and
(ii) Investments of the proceeds of the notes by the
trustees are limited to those investments authorized under W.S.
9-4-831 and 18-8-104(d).