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Wyoming Statutes Title 16. City, County, State and Local Powers § 16-10-109. Use of surplus funds

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A governing body may use any surplus funds arising from the service charge for the purchase and cancellation of any bonds or other forms of indebtedness issued pursuant to this act. The purchase price of the bonds shall not be either:

(i) Greater than par, plus a premium not to exceed fifty percent (50%) of the face value of all unearned interest coupons attached to any bond purchased; or

(ii) More than the actual market price of the bonds or other forms of indebtedness at the time of purchase.

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Cite this article: FindLaw.com - Wyoming Statutes Title 16. City, County, State and Local Powers § 16-10-109. Use of surplus funds - last updated January 01, 2024 | https://codes.findlaw.com/wy/title-16-city-county-state-and-local-powers/wy-st-sect-16-10-109/

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