2012 Wyoming Statutes
TITLE 9 - ADMINISTRATION OF THE GOVERNMENT
CHAPTER 1 - STATE OFFICERS
9-1-417. Interfund loans; repayment; maximum amount.


WY Stat § 9-1-417 (through 2012) What's This?

The state treasurer and the state auditor may utilize interfund loans from the general fund or the budget reserve account to any other fund or account to meet obligations which come due prior to receipt of revenues. The interfund loans shall be repaid as soon as the anticipated revenue is received. The total amount of interfund loans outstanding at one (1) time shall not exceed sixty million dollars ($60,000,000.00). These loans shall not be used to fund shortages caused by expenditures exceeding projected revenues but are to be used only to fund temporary shortages caused by meeting obligations which come due prior to receipt of revenues.

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