Wyo. Stat. § 9-1-418
This is the official text of Wyo. Stat. § 9-1-418, part of Wyoming’s Wyoming Statutes — the complete compiled statutory law of Wyoming, organized into 40+ numbered titles by subject.
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§ 9-1-418. Legislative stabilization reserve account loans; maximum amount; repayment
Official statutory text
The state auditor is authorized to borrow from the legislative stabilization reserve account an amount not to exceed one hundred million dollars ($100,000,000.00) 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 rate of return earned on the legislative stabilization reserve account 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.
Status: in_force · Read it on the official government site
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