15-6-437. Bonds; revolving fund authorized; source of monies; limitation.
If the governing body determines that improvements constructed in any local improvement district confer general benefits on the city or town, it may create concurrently a fund to be known as the revolving local improvement fund. In payment for those benefits and to meet the financial requirements of the revolving fund, the city or town shall advance annually to the credit of the fund from the proceeds of city or state gasoline or state cigarette license taxes collected or received by it, a sum of not less than two percent (2%) of the total amount of the bonds issued for the local improvement district for a period of ten (10) years or for the length of time necessary to pay all bonds issued, whichever is the shorter. The fund shall not exceed twenty percent (20%) of the outstanding bond obligations of the district.
Structure Wyoming Statutes
Chapter 6 - Local Improvements
Article 4 - Assessments and Bonds Generally
Section 15-6-401 - How Grades Established or Altered; Cost.
Section 15-6-402 - Assessments; When Levied; What to Be Included Generally.
Section 15-6-403 - Assessments; Included Costs.
Section 15-6-406 - Lien Created; Priority; Filing.
Section 15-6-407 - Assessments; Review of Decisions.
Section 15-6-408 - Assessments; When Proceedings Conclusive; When Sale Enjoinable.
Section 15-6-410 - Assessments; Sale of Property for Delinquency; Generally.
Section 15-6-411 - Assessments; Sale of Property; Statement Returned.
Section 15-6-413 - Assessments; Fund Created; Use.
Section 15-6-414 - Assessments; Liability of Treasurer for Error.
Section 15-6-415 - Assessments; Record of Payment or Redemption.
Section 15-6-416 - Assessments; Property Held in Trust; Creation and Discharge Thereof.
Section 15-6-417 - Assessments; Property Held in Trust; Sale Thereof; Procedure; Notice.
Section 15-6-419 - Assessments; Foreclosure Action for Delinquency.
Section 15-6-420 - Assessments; Enforcement of Installment Liens.
Section 15-6-423 - Assessments; Fees.
Section 15-6-424 - Assessments; Purchaser's Lien; Interest.
Section 15-6-425 - Assessments; General Tax Certificates Subject Thereto; Foreclosure; Interest.
Section 15-6-426 - Assessments; Limitation of Actions.
Section 15-6-427 - Reassessments; When Authorized or Required; Property Included.
Section 15-6-429 - Reassessments; Assessment Provisions Applicable.
Section 15-6-430 - Reassessments or Supplemental Assessments; Time Limitations; Use of Fund.
Section 15-6-431 - Bonds; Authorization; General Requirements; Signatures; Limitation on Amount.
Section 15-6-432 - Bonds; Cost Assessment; Payments; Interest.
Section 15-6-433 - Bonds; Action for Nonpayment.
Section 15-6-434 - Bonds; Remedy for Nonpayment.
Section 15-6-435 - Bonds; Payment of Principal and Interest; Redemption Call.
Section 15-6-436 - Bonds; Indebtedness.
Section 15-6-437 - Bonds; Revolving Fund Authorized; Source of Monies; Limitation.
Section 15-6-438 - Bonds; Transfer to and Between Funds.
Section 15-6-439 - Payment of Assessments; Redemption From Liability; Notice; Bonds; Use of Sums.
Section 15-6-440 - Payment of Assessments; Installment Collection.
Section 15-6-441 - Assessments and Contracts; When Valid and Enforceable.
Section 15-6-442 - Right of Paying Joint Owner to Contribution; Lien Created.
Section 15-6-443 - When Paid Assessment Recoverable.
Section 15-6-444 - Correction of Mistakes; Payment of Contractor.
Section 15-6-445 - Governing Body; Hearing Continuance; Jurisdiction Retained.
Section 15-6-446 - Extra Work; Performance; Cost; Payment.
Section 15-6-447 - Property Description; Proportional Payment; Notice to Purchasers.
Section 15-6-448 - Work on Railways and Streets Along Railways.