2015 Wyoming Code
TITLE 36 - STATE LANDS
CHAPTER 8 - State Parks and Reserves
ARTICLE 3 - HOT SPRINGS STATE PARK
SECTION 36-8-318. - Bond issue to upgrade facilities; authority generally.
36-8-318. Bond issue to upgrade facilities; authority generally.
The state loan and investment board, with the advice and approval of the department of state parks and cultural resources, may issue its nonnegotiable debenture bonds in a total sum not in excess of two million dollars ($2,000,000.00) for the purpose of and in order to improve and upgrade the business enterprises and guest accommodations at the "Hot Springs State Park", Thermopolis, Wyoming. The state loan and investment board is further authorized to negotiate and make loans to persons, firms and corporations of this state for such purpose. No loan shall exceed one million dollars ($1,000,000.00) to any one (1) person, firm or corporation. The interest to be charged shall not be less than six percent (6%) nor more than twelve percent (12%) per annum and the loan shall be for a term not to exceed thirty (30) years. No loan shall exceed seventy-five percent (75%) of the cost of any construction project.
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