060-13 Wyo. Code R. §§ 13-4 - Bond Guarantee Program Eligibility
(a) Applicants.
School districts that have met the accreditation standards of the Wyoming
Department of Education and are at or below the constitutional debt limit shall
be eligible to apply for bond guarantees under this chapter.
(b) Purposes. The Board shall only guarantee
bonds issued by eligible applicants to acquire or improve land; to acquire or
erect buildings; to enlarge, improve, remodel, repair, or add to buildings; or
to equip and furnish buildings.
(c)
Bond Types and Ratings. The Board shall only guarantee bonded debt in the form
of general obligation bonds that have been considered and confirmed to be
investment grade or better by one or more nationally recognized bond rating
agencies as designated by the Board.
Notes
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