Title 21 — Title 21 — Education
25 chapters · 737 sections in this title.
W.S. § 21-17-409 Pledge not to amend or repeal W.S
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Pledge not to amend or repeal W.S. 21-17-402 through 21-17-450 to impair securities. The faith of the state is hereby pledged that this act, any law supplemental or otherwise appertaining thereto and any other act concerning the bonds and other securities of the board or the univ…
W.S. § 21-17-410 Borrowing or otherwise becoming obligated to defray cost of authorized projects
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Borrowing or otherwise becoming obligated to defray cost of authorized projects. (a) Where any project is otherwise authorized by law and where the board is otherwise authorized by law to issue its securities to defray the cost of the project, the board may borrow money or otherw…
W.S. § 21-17-411 Types of securities authorized
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Types of securities authorized. (a) The board may issue in one (1) series or more, without their being authorized at any election, in anticipation of net pledged revenues and constituting special obligations of the board, any one (1) or more or all of the following types of secur…
W.S. § 21-17-412 or funding
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or funding. Maturity dates of notes and warrants; extension Notes and warrants may mature at such time or times not exceeding one (1) year from the date of their issuance as the board may determine. They shall not be extended or funded except by the issuance of bonds or interim d…
W.S. § 21-17-413 Temporary bonds
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Temporary bonds. Each temporary bond shall set forth substantially the same conditions, terms and provisions as the definitive bond for which it is exchanged. Each holder of a temporary bond has all rights and remedies which he would have as a holder of the definitive bonds for w…
W.S. § 21-17-414 Resolution authorizing issuance of securities
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Resolution authorizing issuance of securities. The resolution authorizing the issuance of any securities under this act shall describe the purpose or purposes for which they are issued at least in general terms and may describe any purpose in detail.
W.S. § 21-17-415 General criteria for securities
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General criteria for securities. Except as otherwise provided, securities issued under this act shall be (a) in a form, (b) issued in a manner, at, above or below par, at public or private sale, and (c) issued with recitals, terms, covenants, conditions and other provisions, as m…
W.S. § 21-17-416 Recital in resolution that securities are issued pursuant to W.S
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Recital in resolution that securities are issued pursuant to W.S. 21-17-402 through 21-17-450; effect of recital. A resolution providing for the issuance of bonds or other securities under this act or an indenture or other proceedings appertaining thereto may provide that the sec…
W.S. § 21-17-417 Conditions which may be imposed by board; interest coupons
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Conditions which may be imposed by board; interest coupons. (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 an…
W.S. § 21-17-418 Board and officers to execute securities; endorsement by university treasurer; facsimile signatures
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Board and officers to execute securities; endorsement by university treasurer; facsimile signatures. (a) Bonds and other securities issued under this act shall be executed in the name of the board, shall be signed by the chairman of the board, shall be attested by the secretary o…
W.S. § 21-17-419 Redemption prior to maturity
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Redemption prior to maturity. The board may provide for the redemption of any or all of the bonds or other securities prior to maturity, in such order, by lot or otherwise, at such time or times, without or with the payment of the premium or premiums not exceeding ten percent (10…
W.S. § 21-17-420 Repurchase of securities by board
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Repurchase of securities by board. Any bonds or other securities may be repurchased by the board out of any funds available for that purpose at a price of not more than the principal amount thereof and accrued interest, plus the amount of the premium, if any, which might on the n…
W.S. § 21-17-421 Use of proceeds from issuance of securities; accrued interest and premiums
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Use of proceeds from issuance of securities; accrued interest and premiums. All monies received from the issuance of any securities under this act shall be used solely for the purpose or purposes for which issued and to defray the cost of the project thereby delineated. Any accru…
W.S. § 21-17-422 Use of surplus proceeds
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Use of surplus proceeds. Any unexpended balance of the proceeds of securities remaining after the completion of the acquisition or improvement of properties pertaining to the project or otherwise the completion of the purpose or purposes for which the securities were issued shall…
W.S. § 21-17-423 Securities not affected by validity of project; purchaser not responsible as to application of proceeds
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Securities not affected by validity of project; purchaser not responsible as to application of proceeds. (a) The validity of any securities shall not be dependent on nor affected by the validity or regularity of any proceedings relating to a project or the proper completion of an…
W.S. § 21-17-424 Creation of special funds and accounts
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Creation of special funds and accounts. The board in any resolution authorizing the issuance of bonds or other securities under this act or in any instrument or other proceedings appertaining thereto may create special funds and accounts for the payment of the cost of a project, …
W.S. § 21-17-425 Authority of board to employ experts, enter into contracts for services regarding securities
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Authority of board to employ experts, enter into contracts for services regarding securities. (a) The board may employ legal, fiscal, engineering, and other expert services in connection with any project or otherwise appertaining to the university and the authorization, sale and …
W.S. § 21-17-426 Investment of pledged revenues
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Investment of pledged revenues. (a) The board may cause to be invested and reinvested any pledged revenues and any proceeds of bonds or other securities issued hereunder in any investments authorized under W.S. 9-4-831 and may cause the revenues, proceeds of securities and invest…
W.S. § 21-17-427 secure payment
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secure payment. Covenants in resolution limiting powers to (a) Any resolution providing for the issuance of any bonds or other securities under this act payable from pledged revenues and any indenture or other instrument or proceedings appertaining thereto may contain covenants o…
W.S. § 21-17-428 Lien against pledged revenue
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Lien against pledged revenue. (a) Revenues pledged for the payment of any securities, as received by or otherwise credited to the board, are immediately subject to the lien of each pledge without any physical delivery thereof, any filing, or further act. (b) The lien of each pled…
W.S. § 21-17-429 Rights and powers of securities holders
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Rights and powers of securities holders. (a) Subject to any contractual limitations binding upon the holders of any issue or series of securities, or trustee therefor, including but not limited to the restriction of the exercise of any remedy to a specified proportion, percentage…
W.S. § 21-17-430 Receivership
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Receivership. (a) If a resolution of the board authorizing or providing for the issuance of any securities of any series or any other proceedings appertaining thereto contains a provision authorized by W.S. 21-17-427(a)(xxviii) and provides in substance that any trustee appointed…
W.S. § 21-17-431 Rights of holder cumulative and nonexclusive
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Rights of holder cumulative and nonexclusive. No right or remedy conferred upon any holder of any securities or any trustee for the holder or by any proceedings appertaining to the issuance of the securities is exclusive of any right or remedy but each right or remedy is cumulati…
W.S. § 21-17-432 Omission by security holder not to relieve board or university of obligation
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Omission by security holder not to relieve board or university of obligation. The failure of any holder of any securities to proceed as provided by this act shall not relieve the board or the university, or any of their officers, agents and employees of any liability for failure …
W.S. § 21-17-433 Interim debentures; maturity; use of proceeds; funding of notes or warrants with proceeds
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Interim debentures; maturity; use of proceeds; funding of notes or warrants with proceeds. (a) Any interim debentures may mature at such time or times not exceeding a period of time equal to the estimated time needed to effect the purpose or purposes for which they are issued or …
W.S. § 21-17-434 Interim debentures; pledges for security
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Interim debentures; pledges for security. (a) Pledged revenues and other monies, including without limitation proceeds of bonds to be issued or reissued after the issuance of interim debentures, and bonds issued for the purpose of securing the payment of interim debentures, may b…
W.S. § 21-17-435 funding
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funding. Interim debentures; limit as to extension or No interim debentures issued pursuant to the provisions hereof shall be extended or funded except by the issuance or reissuance of a bond or bonds in compliance herewith.
W.S. § 21-17-436 Interim debentures; bonds for funding
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Interim debentures; bonds for funding. (a) For the purpose of funding any interim debentures, any bonds pledged as collateral security to secure the payment of interim debentures, upon their surrender as pledged property, may be reissued, and any bonds not previously issued but a…
W.S. § 21-17-437 Refunding and refunding bonds; authority to refund bonds; limitation on refunding; exchange or surrender of bonds held by state for purposes of refunding
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Refunding and refunding bonds; authority to refund bonds; limitation on refunding; exchange or surrender of bonds held by state for purposes of refunding. (a) Any bonds of the board or university payable from any pledged revenues may be refunded by the adoption of a resolution or…
W.S. § 21-17-438 Refunding and refunding bonds; exchange generally; sale; exchange for escrow investment
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Refunding and refunding bonds; exchange generally; sale; exchange for escrow investment. (a) Any bonds issued for refunding purposes may either be delivered in exchange for the outstanding bonds being refunded or may be publicly or privately sold. (b) The refunding bonds, or any …
W.S. § 21-17-439 Refunding and refunding bonds; conditions under which bonds may be refunded
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Refunding and refunding bonds; conditions under which bonds may be refunded. (a) No bonds may be refunded hereunder unless they have been outstanding for at least one (1) year from the date of their delivery and unless the holders thereof voluntarily surrender them for exchange o…
W.S. § 21-17-440 Refunding and refunding bonds; disposition of proceeds; payment of costs; application of accrued interest and premiums
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Refunding and refunding bonds; disposition of proceeds; payment of costs; application of accrued interest and premiums. (a) Except as otherwise provided, the proceeds of refunding bonds shall either be immediately applied to the retirement of the bonds to be refunded or be placed…
W.S. § 21-17-441 and trust
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and trust. Refunding and refunding bonds; funds in escrow (a) Any escrow or trust shall not necessarily be limited to proceeds of refunding bonds but may include other monies available for its purpose. (b) Any proceeds in escrow or trust, pending such use, may be invested or rein…
W.S. § 21-17-442 Refunding and refunding bonds; payment from pledged revenues
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Refunding and refunding bonds; payment from pledged revenues. Refunding bonds may be made payable from any pledged revenues which might be legally pledged for the payment of bonds being refunded at the time of the refunding or at the time of the issuance of the bonds being refund…
W.S. § 21-17-443 Refunding and refunding bonds; issuance of refunding or other bonds
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Refunding and refunding bonds; issuance of refunding or other bonds. Bonds for refunding and bonds for any other purpose or purposes authorized by any other law may be issued separately or issued in combination in one (1) or more series by the board.
W.S. § 21-17-444 Refunding and refunding bonds; general provisions as to bonds applicable
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Refunding and refunding bonds; general provisions as to bonds applicable. Except as provided in W.S. 21-17-437 through 21-17-443, the relevant provisions elsewhere in this act appertaining generally to the issuance of bonds to defray the cost of any project shall be equally appli…
W.S. § 21-17-445 Determination of board final; exceptions
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Determination of board final; exceptions. The determination of the board that the limitations imposed upon the issuance of refunding bonds or upon the issuance of other securities under this act have been met is conclusive in the absence of fraud or arbitrary and gross abuse of d…
W.S. § 21-17-446 Securities exempt from state taxation
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Securities exempt from state taxation. Bonds and other securities issued under this act, their transfer, and the income therefrom, shall forever be and remain free and exempt from taxation by this state or any subdivision thereof.
W.S. § 21-17-447 Investment of state funds in securities authorized by W.S
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Investment of state funds in securities authorized by W.S. 21-17-402 through 21-17-450. The state treasurer, with the approval of the governor and the attorney general of the state, on its behalf and in its name, may invest any permanent state funds or other state funds available…
W.S. § 21-17-448 Securities authorized are legal investments for financial institutions
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Securities authorized are legal investments for financial institutions. (a) Any bank, trust company, banker, savings bank, or institution, any building and loan association, savings and loan association, investment company and any other person carrying on a banking or investment …
W.S. § 21-17-449 Scope and general construction of W.S
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Scope and general construction of W.S. 21-17-402 through 21-17-450. (a) This act constitutes full authority for the exercise of the incidental powers herein granted concerning the borrowing of money to defray wholly or in part the cost of any project authorized by the legislature…
W.S. § 21-17-450 Liberal construction
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Liberal construction. This act being necessary to secure the public health, safety, convenience and welfare, shall be liberally construed to effect its purposes.
W.S. § 21-17-451 Contingent authorization for the university to acquire the national center for atmospheric research supercomputer center facility
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Contingent authorization for the university to acquire the national center for atmospheric research supercomputer center facility. (a) Subject to the terms and conditions of this section, the University of Wyoming board of trustees is authorized to acquire the facility housing th…