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(a) As the board may determine, bonds and other securities issued under this act except as otherwise provided shall:
(i) Be of a convenient denomination or denominations;
(ii) Be fully negotiable within the meaning of and for all purposes of the Uniform Commercial Code, W.S. 34.1-8-101 through 34.1-8-603;
(iii) Mature at such time or serially at such times in regular numerical order at annual or other designated intervals in amounts designated and fixed by the board, but not exceeding fifty (50) years from their date;
(iv) Bear interest at fixed or variable rates to be payable at a time or place whether within or without the state as determined by the board. The board may also enter into interest rate exchange agreements to properly manage interest costs with providers with a Standard & Poor's rating of at least “AA” or an equivalent rating from any other nationally recognized rating organization;
(v) Be made payable in lawful money of the United States, at the office of the treasurer of the university or any commercial bank or commercial banks;
(vi) Be printed at such place as the board may determine.
(b) Repealed by Laws 2005, ch. 143, § 2.
Cite this article: FindLaw.com - Wyoming Statutes Title 21. Education § 21-17-417. Conditions which may be imposed by board; interest coupons - last updated December 01, 2021 | https://codes.findlaw.com/wy/title-21-education/wy-st-sect-21-17-417.html
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