Bill No.: HB0257                  Drafter:  DKG

 

LSO No.:  05LSO-0219              Effective Date:  7/1/2005

 

Enrolled Act No.:  HEA0075

 

Chapter No.:       143

 

Prime Sponsor:     Select Committee on Capital Financing and Investments

 

Catch Title:       University securities law.

 

Subject:  Bonding by the University of Wyoming.

 

 

 

Summary/Major Elements:

 

·        Modernizes and liberalizes the law governing the issuance of bonds by the University of Wyoming.

 

·        Authorizes additional investments of pledged revenues and bond proceeds by the University.

 

·        Removes references to paper coupons and other technical bond issuance provisions that have become archaic in light of modern bond issuance practices.

 

·        Allow the issuance of bonds at fixed or variable rates.