Title 9, Title 9 — Administration Of The Government

Community development authority; general powers and duties. (a) For the purposes of this act, the authority may: (i) Sue and be sued and procure necessary liability insurance; (ii) Have a seal; (iii) Make and execute contracts and other instruments, including financial contracts …

Community development authority; additional powers; purchase of mortgages; loans to lenders; funds appropriated for low interest mortgages. (a) In addition to the other powers granted in this act, the authority: (i) May purchase from mortgage lenders or make commitments to purcha…

Community development authority; revenue bonds; issuance. (a) Subject to W.S. 9-7-108, the authority may issue bonds in principal amounts the authority determines necessary to provide sufficient funds for achieving any of its purposes, including the payment of interest, the estab…

Community development authority; revenue bonds; amount authorized. (a) Repealed By Laws 1997, ch. 64, § 2. (b) Repealed By Laws 1997, ch. 64, § 2. (c) Repealed By Laws 1997, ch. 64, § 2. (d) Repealed by Laws 1988, ch. 87, § 3. (e) Repealed By Laws 1997, ch. 64, § 2. (f) Repealed …

Community development authority; revenue bonds; security therefor. (a) The principal and interest on any bonds issued by the authority may be secured by a pledge of any revenues and receipts of the authority or assignment of mortgage loans or other assets purchased and may be sec…

Community development authority; revenue bonds; debt service reserve funds; use of monies therein. (a) Prior to the delivery of each bond issue, the authority may create one (1) or more debt service reserve funds and, at the time the authority determines, shall pay into the funds…

Community development authority; revenue bonds; disposition of monies received. Monies received pursuant to the authority of this act, whether as proceeds from the sale of bonds or as revenues, receipts or income, shall be held as trust funds to be applied solely as provided in t…

Exemptions from taxation; exceptions. The exercise of the powers granted by this act constitutes the performance of an essential governmental function. The authority shall not be required to pay any taxes levied by any municipality or political subdivision of the state, other tha…

Bonds as legal investments. The bonds of the authority are legal investments which may be used as collateral for public funds of the state, insurance companies, banks, savings and loan associations, investment companies, trustees and other fiduciaries which may properly and legal…

State pledge not to impair bondholder's rights and remedies. The state pledges to the holders of any bonds issued under this act, that the state will not limit or alter the rights vested in the authority to fulfill the terms of agreements made with the holders, or in any way impa…

Appointment of trustee by bondholders; powers and duties thereof. (a) If the authority defaults in the payment of principal of or interest on any bonds after they become due, whether at maturity or upon call for redemption, and the default continues for a period of thirty (30) da…

Investment and management of funds. (a) The authority may invest funds in securities in which state funds may be invested as provided by law or in savings certificates of savings and loan associations and certificates of deposit of banks to the extent they are fully insured by a …

Assistance by state agencies. (a) Upon request of the authority, any state agency may temporarily assign to the authority officers and employees as it deems necessary to assist the authority in carrying out its functions and duties under this act. Officers and employees so assign…

Annual report and budget. (a) The authority shall submit an annual report in the manner provided by W.S. 9-2-1014. (b) The authority shall submit its budget for review as provided by W.S. 9-2-1010 through 9-2-1014. This section shall not impair or affect any pledge of special fun…

Conflicts of interest. (a) The authority shall not purchase from, sell to, borrow from, loan to, contract with or otherwise deal with any corporation, trust, association, partnership or other entity in which any director of the authority has a financial interest. This section doe…

Priorities in commitment of monies. The authority shall require as a condition to receiving any of its money under this chapter that any mortgage lender receiving money, within the limitation imposed by the amount of money received, shall give reasonable priority to mortgage loan…

Economic development projects; insurance fund. (a) The authority may insure payments required by a loan, lease or other credit arrangement for any project or economic development project financed, under terms and conditions prescribed by the authority. The authority may establish…

Subsidiary corporation; economic development loans. (a) The authority may charter a subsidiary corporation for the purpose of managing or originating economic development loans subject to the following conditions: (i) The directors of the authority shall also be directors of the …