Wyoming § 15-7-109 - Limitations on indebtedness; exceptions.
Full text of Wyoming Wyoming Statutes Annotated § 15-7-109 — Limitations on indebtedness; exceptions., with citation guidance and answers to common questions.
§ 15-7-109. Limitations on indebtedness; exceptions.
No debt in excess of the taxes for the current year may be created by any city or town, except local improvements as provided by law, unless the proposition to create the debt is approved by a vote of the people. No city or town may create any indebtedness exceeding four percent (4%) of the assessed valuation of the taxable property except an additional indebtedness not exceeding four percent (4%) of the assessed valuation of the property may be created to build and construct sewerage systems. This limitation does not apply to the construction, establishing, extending and maintaining of water works and supplying water for the use of the city or town and its inhabitants.
Frequently Asked Questions About Wyoming § 15-7-109
What does Wyoming Statutes Annotated § 15-7-109 cover?
Section 15-7-109 ("Limitations on indebtedness; exceptions.") is part of the Wyoming Statutes Annotated, the codified statutory law of Wyoming. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wyoming § 15-7-109?
A common citation format is "Wyoming Statutes Annotated § 15-7-109" (Wyoming). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wyoming law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wyoming official source linked on this page or consult a licensed Wyoming attorney.
How does Wyoming § 15-7-109 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wyoming can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wyoming.