Adopted 3rd reading by MOCKLER
HJ0004
Protecting All Money in the Wyoming Mineral Trust Fund
In one sentence
This joint resolution proposes a change to the Wyoming Constitution to state that all money in the Permanent Wyoming Mineral Trust Fund is protected and cannot be spent.
What it does
- Proposes an amendment to Article 15, Section 19 of the Wyoming Constitution.
- States that all money in the Permanent Wyoming Mineral Trust Fund, regardless of the source, is inviolate.
- Requires that income from investments in the fund be deposited into the general fund.
- Allows the Legislature to set rules for loaning money from the fund to state political subdivisions.
- Requires the Secretary of State to print a statement on the ballot explaining the amendment.
Who it affects
- The Wyoming State Legislature, which must follow the new constitutional rules.
- The State Treasurer, who manages the fund's investments and deposits.
- Voters in Wyoming, who will vote on the amendment at the next general election.
- Political subdivisions of the state, which may be eligible to borrow money from the fund.
Limits and unknowns
- The amendment only takes effect if a majority of voters approve it at the next general election.
- The source text does not specify the exact date of the next general election.
- The resolution does not change how much tax is collected, only how the money in the fund is protected.
Plain language
Terms to know
- Inviolate
- Protected by law so that the money cannot be spent or removed.
- Permanent Wyoming Mineral Trust Fund
- A state fund that holds money from mineral taxes and investments.
- Severance tax
- A tax on the value of minerals extracted from the ground.
- General fund
- The main account where the state keeps money for general spending.
Official record
Sources
Read the official summary
HJ0004 Bill Summary Bill No.: HJ0004 Drafter: DKG LSO No.: 06LSO-0045 Effective Date: Enrolled Act No.: HEJR0001 Chapter No.: Prime Sponsor: Joint Appropriations Interim Committee Catch Title: Permanent Wyoming mineral trust fund. Subject: The inviolate nature of funds within the permanent Wyoming mineral trust fund. Summary/Major Elements: The permanent Wyoming mineral trust fund (PWMTF) was established in the Constitution to be an inviolate fund with earnings on the corpus to be deposited to the general fund. The constitution requires a 1.5% severance tax on certain minerals to be deposited to the fund. The legislature has by law deposited additional severance taxes and other monies into the fund. The attorney general opined this past year that only the 1.5% required by the constitution was "inviolate"; the other monies could be withdrawn from the PWMTF. This resolution specifies that all monies within the PWMTF, regardless of the source of funds are inviolate.
Public statements
Why lawmakers voted
Last checked Aug 8, 9:02 PM
We are still checking public recordings for this bill.
Wyoming roll calls
Recorded votes
8 roll calls
S Adopted JCC01 26-1-3-0-02006-03-09 · Senate26 yes 1 no
- Yes
- 26
- No
- 1
- Absent
- 0
- Excused
- 3
- Conflict
- 0
Yes 26
H Adopted JCC01 57-0-3-0-02006-03-08 · House57 yes 0 no
- Yes
- 57
- No
- 0
- Absent
- 0
- Excused
- 3
- Conflict
- 0
Yes 57
H Did Not Concur 3-54-3-0-02006-03-06 · House3 yes 54 no
- Yes
- 3
- No
- 54
- Absent
- 0
- Excused
- 3
- Conflict
- 0
No 54
S Passed 3rd Reading 28-2-0-0-02006-03-03 · Senate28 yes 2 no
- Yes
- 28
- No
- 2
- Absent
- 0
- Excused
- 0
- Conflict
- 0
Yes 28
S02 Recommended Do Pass 5-0-0-0-02006-02-28 · Senate5 yes 0 no
- Yes
- 5
- No
- 0
- Absent
- 0
- Excused
- 0
- Conflict
- 0
H Passed 3rd Reading 56-1-3-0-02006-02-17 · House56 yes 1 no
- Yes
- 56
- No
- 1
- Absent
- 0
- Excused
- 3
- Conflict
- 0
Yes 56
H02 Recommended Do Pass 8-0-0-0-02006-02-15 · House8 yes 0 no
- Yes
- 8
- No
- 0
- Absent
- 0
- Excused
- 0
- Conflict
- 0
H Introduced and Referred to H02 56-1-3-0-02006-02-13 · House56 yes 1 no
- Yes
- 56
- No
- 1
- Absent
- 0
- Excused
- 3
- Conflict
- 0
Yes 56
Official activity
Bill history
- Governor Signed HEJR No. 0001Governor
- S President Signed HEJR No. 0001Senate
- H Speaker Signed HEJR No. 0001House
- Assigned Number HEJR0001LSO
- S Adopted HJ0004JC01Senate
- H Adopted HJ0004JC01House
- S Appointed JCC01 MembersSenate
- H Appointed JCC01 MembersHouse
- H Did Not ConcurHouse
- H Received for ConcurrenceHouse
- S Passed 3rd ReadingSenate
- Amendment AdoptedSenate
- S Amendments AdoptedSenate
- S Passed 2nd ReadingSenate
- S Passed CoWSenate
- S Placed on General FileSenate
- S02 Recommended Do PassSenate
- S Introduced and Referred to S02Senate
- S Received for IntroductionSenate
- H Passed 3rd ReadingHouse
Changes
Amendments
1 stored