22-29-401. Dissolution procedure. (a) Dissolution of a district may be initiated: (i) By a petition signed by not less than twenty-five percent (25%) of the voters owning not less than twenty-five percent (25%) of the assessed valuation of property within the district, requesting dissolution of the district, filed with the county commissioners. The petition process […]
22-29-402. Findings of fact by district directors. (a) When dissolution proceedings have been initiated, the district directors shall make findings of fact which shall include: (i) The amount of each outstanding bond, coupon and other indebtedness, with a general description of the indebtedness and the name of the holder and owner of each, if known; […]
22-29-403. Plan for dissolution and liquidation. The plan of dissolution and liquidation may include provisions for transfer and conveyance of all assets of the district to any other district or to the county or counties where the district is located which have the authority and agree to assume the outstanding indebtedness of the dissolving district, […]
22-29-404. Election on dissolution; consent of creditors; content of notice. (a) Within ten (10) business days after the district directors file the plan of dissolution and liquidation required by W.S. 22-29-402, the district directors shall call an election to be held not less than ninety (90) days nor more than one hundred twenty (120) days […]
22-29-405. Trustees for dissolved district; records to county clerk; limitation on further elections. (a) Upon canvassing the vote after the election, if it appears that a majority or more of the votes on the proposition approve dissolution, the district directors shall declare the district dissolved. The directors shall thereupon constitute a board of trustees under […]
22-29-406. Power of trustees to convey assets. (a) The board of trustees may convey to another district all assets of the dissolving district: (i) If the other district assumes all debts and obligations of the dissolving district and undertakes to continue to furnish the service provided by the dissolving district pursuant to the plan of […]
22-29-407. Disposition of assets. (a) Any surplus funds remaining to the credit of the district, after payment of the indebtedness of the district, shall be transferred to the county treasurer. If the assets of the district are insufficient to pay the indebtedness, the board of trustees shall levy taxes, within the limits of the authority […]
22-29-408. Dissolution without election. (a) The election required by W.S. 22-29-404 shall be dispensed with and the county commissioners shall declare the district dissolved if the county commissioners find that: (i) Dissolution is in the interest of the people of the county; and (ii) At least one (1) of the following: (A) The territory within […]
