9-1-418. Pooled fund investment loans; maximum amount; repayment.
The state auditor is authorized to borrow from pooled fund investments in the treasurer's office an amount not to exceed two hundred million dollars ($200,000,000.00) at any one (1) time to meet the obligations of the department of transportation which come due prior to the receipt of revenues. The amounts borrowed under this section shall be repaid as soon as the anticipated revenue is received. Interest on the unpaid balance shall be equal to the greater of two percent (2%) or the rate of return earned on pooled fund investments in the previous fiscal year. These loans shall not be used to fund shortages caused by expenditures exceeding projected revenues but are to be used only to fund temporary shortages caused by meeting obligations which come due prior to receipt of revenues.
Structure Wyoming Statutes
Title 9 - Administration of the Government
Article 4 - Auditor and Treasurer
Section 9-1-401 - Seals of Office; Access to Records; Power to Administer Oaths; Accounting Records.
Section 9-1-402 - State Auditor; Duties Generally.
Section 9-1-403 - State Auditor; Duties; Prohibited Acts; Powers; Investigative Subpoenas.
Section 9-1-404 - Specified Claims Against State to Be Presented Within One Year.
Section 9-1-405 - Setoffs in Suits by State.
Section 9-1-406 - Taking Evidence Concerning Settlement of Accounts.
Section 9-1-408 - Payment by Auditor's Warrants.
Section 9-1-410 - Receipts for Monies Paid Into Treasury.
Section 9-1-412 - Offenses by Auditor and Treasurer; Penalties.
Section 9-1-413 - Report of Financial Commitments.
Section 9-1-415 - Collection of Debts Due the State; Discharge of Uncollectible Debts.
Section 9-1-416 - Local Investment Pool.
Section 9-1-417 - Interfund Loans; Repayment; Maximum Amount; Interest.
Section 9-1-418 - Pooled Fund Investment Loans; Maximum Amount; Repayment.