Opinion ID: 1206449
Heading Depth: 1
Heading Rank: 1

Heading: the special-fund doctrine

Text: Without belaboring the point, it can be unequivocally said that we are, in this state, committed to the special-fund doctrine. We have approved this method of public financing where the fund for debt retirement is created from the facility financed ( Laverents v. City of Cheyenne, 67 Wyo. 187, 217 P.2d 877;) where the income from the fund is constitutionally authorized ( Arnold v. Bond, 47 Wyo. 236, 34 P.2d 28); and where excise tax funds are to be contingently utilized to participate in the discharge of a bonded indebtedness incurred for the purpose of financing a municipal sewer system. Banner v. City of Laramie, 74 Wyo. 429, 289 P.2d 922.