Section 11-34-122 – Release of Mortgage.
11-34-122. Release of mortgage. When the mortgagor or his successor in interest has fully paid any mortgage, the board shall furnish him with a proper release of the mortgage executed by the president of the board and attested by the director of the office of state lands and investments with the seal of the board […]
Section 11-34-123 – Foreclosure Proceedings; Duty of Attorney General; Deed in Lieu of Foreclosure.
11-34-123. Foreclosure proceedings; duty of attorney general; deed in lieu of foreclosure. (a) Any foreclosure of any mortgage provided for by this act shall be made in the usual manner, either by civil action or by advertisement as the board may direct. In cases of foreclosure the attorney general shall render all services needed in […]
Section 11-34-124 – Interest on Defaulted Payments and Unpaid Taxes; Agreement to Pay; Insurance Required; Use of Proceeds; Foreclosure Permitted.
11-34-124. Interest on defaulted payments and unpaid taxes; agreement to pay; insurance required; use of proceeds; foreclosure permitted. Every borrower shall pay interest on defaulted payments at a rate to be determined by the board not to exceed a ten percent (10%) annual percentage rate. By express covenant in his mortgage deed the borrower shall […]
Section 11-34-126 – Exemption of Property of Board From Taxation; Exceptions.
11-34-126. Exemption of property of board from taxation; exceptions. (a) Except as otherwise provided by subsection (b) of this section, all mortgages, real estate and other property owned by the board is exempt from all general taxes, state, county and municipal. For the purpose of this act the board is deemed to be the owner […]
Section 11-34-127 – Surety Bonds; Generally.
11-34-127. Surety bonds; generally. Whenever a bond or undertaking is required by this act or by the board to be given, it shall be held to mean a surety bond furnished by a surety company authorized and qualified to do business in this state. Such bonds shall run to the state loan and investment board […]
Section 11-34-128 – Surety Bonds; Payment of Cost.
11-34-128. Surety bonds; payment of cost. The cost of surety bonds provided by this act, furnished by the officers or employees of said board, shall be a part of the general expense of the administration and paid by the board.
Section 11-34-129 – Investment of Permanent Funds.
11-34-129. Investment of permanent funds. The state treasurer, with the approval of the board, is directed to invest and keep invested in farm loans a sum not to exceed two hundred seventy-five million dollars ($275,000,000.00) of any state permanent funds available for investment, including loans already made and outstanding, as the funds become available in […]
Section 11-34-130 – Trespass Upon Lands Owned by Board Prohibited; Penalties.
11-34-130. Trespass upon lands owned by board prohibited; penalties. Whoever knowingly and willfully commits a trespass upon lands owned by the board or upon lands mortgaged to the board, either by cutting down or destroying or carrying away any timber or wood standing or growing thereon or by grazing, mowing, cutting or removing any hay, […]
Section 11-34-131 – Wyoming Transportation Enterprise Account; Use Thereof.
11-34-131. Wyoming transportation enterprise account; use thereof. (a) The transportation enterprise account is established to be used by the state loan and investment board to finance transportation projects of benefit to the general public as defined in this section. The transportation enterprise account shall be administered by the state loan and investment board, subject to […]
Section 11-34-201 – Authority to Issue Nonnegotiable Debentures; Acceptance by Treasurer; Number; Amount; Interest; Security; Terms.
11-34-201. Authority to issue nonnegotiable debentures; acceptance by treasurer; number; amount; interest; security; terms. (a) The board may issue its nonnegotiable debenture bonds in such numbers and amounts as necessary to be deposited with the state treasurer. The state treasurer shall accept the bonds in lieu of the promissory notes and mortgages held by the […]