Section 15-9-221 – Provisions to Be Construed Liberally.
15-9-221. Provisions to be construed liberally. All powers conferred upon municipalities by this article are cumulative and in addition to those conferred by any other general or special law or municipal charter or ordinance and shall be liberally construed to effectuate the purposes of this article. This article is an alternative method of accomplishing its […]
Section 15-9-222 – Property in Development Area Subject to Taxes for Municipality’s General Obligation Debts.
15-9-222. Property in development area subject to taxes for municipality’s general obligation debts. Subject to W.S. 15-9-207, all real and personal property located within the development area shall continue to be subject to ad valorem taxes levied by the municipality to pay the principal and interest on all existing general obligation debts of the municipality […]
Section 15-9-223 – Inclusion of Additional Property Into Development Area; Procedure.
15-9-223. Inclusion of additional property into development area; procedure. Subsequent to the organization of an authority, additional property may be included in the development area. Proceedings for inclusion shall be initiated by petition to the board of the authority signed by the owner or owners in fee of each parcel of land adjacent to the […]
Section 15-9-217 – Officers and Other Personnel Employed by Board; Duties; Administrative Expenses.
15-9-217. Officers and other personnel employed by board; duties; administrative expenses. (a) The board shall employ and fix the compensation, subject to the approval of the governing body, of the following, who shall serve at the pleasure of the board: (i) A director, who shall be a person of good moral character and possessed of […]
Section 15-9-218 – Authority to Adopt Budget; Sources of Finance.
15-9-218. Authority to adopt budget; sources of finance. (a) The authority shall adopt a budget for each fiscal year, shall maintain accounts, and shall cause an annual audit, or other oversight in accordance with rules applicable to special districts under W.S. 9-1-507(a)(iii), to be made pertaining to the fiscal affairs of the authority. Administrative review […]
Section 15-9-219 – Assessments Against Funds of Authority.
15-9-219. Assessments against funds of authority. The governing body shall have the power to assess against the funds of the authority for the use and benefit of the general fund of the municipality a reasonable pro rata share of such funds for the cost of handling and auditing, which assessment when made shall be paid […]
Section 15-9-220 – Conflict of Interest.
15-9-220. Conflict of interest. No board member or employee of the board shall vote or otherwise participate in any matter in which he has a specific financial interest, defined as a matter in which the member or employee would receive a benefit or incur a cost substantially greater than other property owners within the district. […]
Section 15-9-211 – Bond Provisions; Lost or Destroyed Securities; Facsimile Signatures; Limited Obligations.
15-9-211. Bond provisions; lost or destroyed securities; facsimile signatures; limited obligations. (a) Bonds issued pursuant to this article shall bear interest at a rate such that the net effective interest rate of the issue does not exceed the maximum net effective interest rate authorized, payable semiannually or annually, and evidenced by one (1) or two […]
Section 15-9-212 – Refunding Bonds; Limited Obligations.
15-9-212. Refunding bonds; limited obligations. (a) By ordinance adopted by the governing body at a regular or special meeting, by vote of a majority of the members of the governing body, any bonds issued under this article may be refunded by the municipality without an election, subject to the provisions concerning their payment and to […]
Section 15-9-213 – Revenue Bonds.
15-9-213. Revenue bonds. In addition to the bonds authorized pursuant to W.S. 15-9-212, the municipality may issue revenue bonds payable solely from legally available nontax revenues of the municipality. Except for the foregoing, bonds shall be issued pursuant to all the other provisions of W.S. 15-9-211. However, revenue bonds issued pursuant to this section shall […]