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Wyoming2008Enacted

HB0153

Wyoming Economic Development Account Appropriation

Last scannedOct 18, 2026, 2:19 AM

In one sentence

This law appropriates $2 million from the state general fund to the Wyoming economic development account, limiting annual loan disbursements to half of that amount.

What it does

  • Appropriates $2,000,000 from the state general fund to the economic development account.
  • Places these funds within the revolving investment fund created under Article 16, Section 12 of the Wyoming Constitution.
  • Directs that the money be used as specified in state statute W.S. 9-12-302.
  • Limits the amount of these funds that can be loaned out to one-half ($1,000,000) in any single fiscal year.
  • Sets the effective date of the act to July 1, 2008.

Who it affects

  • The Wyoming state government, specifically the entity managing the revolving investment fund.
  • Community development organizations and state development organizations eligible for loans under W.S. 9-12-304.
  • Wyoming businesses that may receive loans for infrastructure construction, occupational training, bridge loans, or economic disaster areas as specified by statute.

Limits and unknowns

  • The bill text does not list the specific criteria for which businesses or organizations qualify for the loans, referring instead to existing statutes (W.S. 9-12-302 and 9-12-304).
  • The source material notes that the Senate initially proposed different amounts ($4 million and $3 million) during the legislative process, but the final enacted text specifies $2 million.

Plain language

Terms to know

General Fund
The main pool of money collected by the state government from taxes and other sources.
Revolving Investment Fund
A state fund created by the Wyoming Constitution to hold money for economic development investments.
Fiscal Year
The specific one-year period used by the government for budgeting and accounting.

Official record

Sources

Source checked
Read the official summary

2008 General Session Summary for HB0153 Bill No.: HB0153 Drafter: MDO LSO No.: 08LSO-0391 Effective Date: 7/1/2008 Enrolled Act No.: <enrnum> Chapter No.: <chptnum> Prime Sponsor: Representative Lockhart Catch Title: Economic development account 2. Subject: Wyoming Partnership Challenge Loan Program appropriation. Summary/Major Elements: Provides a $2,000,000 general fund appropriation to the Wyoming Partnership Challenge Loan Program, created at W.S. 9-12-302(a) (the successor to the Amendment IV program). The funds shall be loaned to community development organizations and state development organizations in accordance with the provisions of W.S. 9-12-304, including, but not limited to, make loans to Wyoming businesses and investments in support of Wyoming businesses, such as infrastructure construction loans and occupational training loans, bridge loans and loans for economic disaster areas as specified by statute. Only the funds shall be appropriated in any given fiscal year. Popular name: Amendment IV funds Comment: Final action on this bill was not taken at the time this summary was prepared. Should changes be made to the bill upon final passage, an updated summary will be transmitted to all legislators.

Public statements

Why lawmakers voted

Last checked Aug 8, 11:06 PM

Voted Yes

Why they voted this way

The lawmaker supports the amendment because testimony indicated that $2 million is sufficient revenue for a fund that already holds $1 million, making it advisable to reduce the proposed amount from $10 million.

Public statementFloor statement at 3:04:01 Watch the statement
Voted Yes

Why they voted this way

The lawmaker opposes the amendment because they believe leaving it in would encourage violence in public streets, despite supporting the bill without that specific section.

Public statementFloor statement at 3:22:00 Watch the statement
Voted Yes

Why they voted this way

The lawmaker supports the amendment because they believe individuals have a right to protect themselves and others from bodily harm or violence in public places, viewing it as making communities safer.

Public statementFloor statement at 3:22:56 Watch the statement
Voted Yes

Why they voted this way

The lawmaker opposes the amendment because they believe it would contract existing self-defense rights established by state case law, which already allow individuals to pursue an adversary until danger is gone.

Public statementFloor statement at 3:29:23 Watch the statement
Voted Yes

Why they voted this way

The lawmaker supports the program but believes $10 million is too much and wants to see it reduced if passed.

Public statementFloor statement at 1:00:00 Watch the statement

If a lawmaker is not listed, we couldn't find a published reason.

Wyoming roll calls

Recorded votes

8 roll calls

H Did Concur 59-0-1-0-02008-03-06 · House59 yes 0 no
S Passed 3rd Reading 20-10-0-0-02008-03-05 · Senate20 yes 10 no
S02 Recommended Amend and Do Pass 5-0-0-0-02008-02-29 · Senate5 yes 0 no
S09 Recommended Amend and Do Pass 5-0-0-0-02008-02-28 · Senate5 yes 0 no
H Passed 3rd Reading 56-1-3-0-02008-02-25 · House56 yes 1 no
H02 Recommended Amend and Do Pass 7-0-0-0-02008-02-21 · House7 yes 0 no
H09 Recommended Do Pass 8-0-1-0-02008-02-20 · House8 yes 0 no
H Introduced and Referred to H09 53-5-2-0-02008-02-15 · House53 yes 5 no

Official activity

Bill history

  1. Assigned Chapter Number - 108LSO
  2. Governor Signed HEA0061Governor
  3. S President Signed HEA No. 0061Senate
  4. H Speaker Signed HEA No. 0061House
  5. Assigned Number HEA0061LSO
  6. H Did ConcurHouse
  7. H Received for ConcurrenceHouse
  8. S Passed 3rd ReadingSenate
  9. S Passed 2nd ReadingSenate
  10. S Passed CoWSenate
  11. Amendment FailedSenate
  12. Amendment AdoptedSenate
  13. S Amendments AdoptedSenate
  14. Amendment FailedSenate
  15. S Placed on General FileSenate
  16. S02 Recommended Amend and Do PassSenate
  17. S Rereferred to S02Senate
  18. S Placed on General FileSenate
  19. S09 Recommended Amend and Do PassSenate
  20. S Introduced and Referred to S09Senate

Changes

Amendments

5 stored

HB0153HS001

Adopted Standing Committee by H02

HB0153SS001

Failed Standing Committee by LARSON

HB0153SS002

Filed Standing Committee by NICHOLAS

HB0153SS002.01

Adopted, Corrected Standing Committee by NICHOLAS

HB0153SS002.02

Failed, Corrected Standing Committee by NICHOLAS