(i) Shall be issued in a form consistent with the provisions of this act;
(ii) Shall describe the fund or account and the revenue from which the notes are payable;
(iii) Shall bear interest at a rate or rates determined by the state treasurer to
be for the best advantage of the state and which shall be set forth in the note; and
(iv) May be redeemable or payable prior to maturity at a time and upon payment of
premiums, if any, determined by the state treasurer to be for the best advantage of
the state and which shall be set forth in the note.
(b) In connection with the issuance of any notes, the state treasurer may create accounts
within any fund as necessary or convenient for the segregation of note proceeds and
investment income from the notes. In connection with the issuance of any notes, the state treasurer may make customary
covenants on behalf of the state as necessary to secure the notes. Tax and revenue anticipation notes issued under W.S. 9-4-1102 and interest coupons pertaining to these notes shall be executed by the manual or
facsimile signature of the state treasurer. The notes shall set forth provisions made under this subsection for the note's security.
(c) When there is an issuance of tax and revenue anticipation notes under W.S. 9-4-1102, the state treasurer shall determine and specify:
(i) The denomination of each issuance;
(ii) The date of issuance;
(iii) The date of maturity which shall be on or before the last day of the fiscal
(iv) Maturity amounts;
(v) The interest rate;
(vi) The form and execution of the notes;
(vii) Payment of notes;
(viii) Terms of redemption with or without premium;
(ix) Terms of sale including whether the sale will be public or private;
(x) Such other terms and conditions as the state treasurer deems necessary or desirable.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.