Wyoming Pipeline Authority Changes
In one sentence
Plain language
Official record
SF0084 Bill Summary Bill No.: SF0084 Drafter: MRW LSO No.: 06LSO-0328 Effective Date: 3/9/2006 Enrolled Act No.: SEA0006 Chapter No.: 15 Prime Sponsor: Joint Minerals, Business and Economic Development Interim Committee Catch Title: Wyoming pipeline authority. Subject: Amendments to the Wyoming pipeline authority. Summary/Major Elements: Changes the name of the Wyoming natural gas pipeline authority to the Wyoming pipeline authority. Increases the authority's bonding capacity from $1 billion to $3 billion. Expands the state treasurer's investment authority to invest in pipeline bonds. Changes the fund the State Treasurer may invest from, from the permanent Wyoming mineral trust fund to the legislative stabilization reserve account. Creates the Wyoming pipeline authority investment account.
Public statements
Last checked Aug 8, 8:08 PM
S29
Why they voted this way
The lawmaker supports the bill because increasing bonding capacity is necessary to prevent gas from being stranded at key hubs, which would otherwise cause significant price differentials and result in a projected $1.5 billion annual loss in state revenue.
Wyoming roll calls
7 roll calls
Official activity
Changes
5 stored
Adopted Committee of the Whole by QUARBERG
Withdrawn 2nd reading by MOCKLER
Adopted 2nd reading by NICHOLAS
Adopted 3rd reading by SCHIFFER
Adopted 3rd reading by NICHOLAS