HB0130

Official summary

Bill Summary Bill No.: HB0130 Effective : Immediately LSO No.: 18LSO-0267 Enrolled Act No.: HEA No. 0064 Chapter No.: 122 Prime Sponsor: Henderson Catch Title: State fair endowment. Subject: Endowment for the State Fair. Summary/Major Elements: This act c reates the State Fair E ndowment A ccount and authorizes the State Treasurer to ac cept cash gifts for the account . The act a u thorizes 75% of the investment earnings earned in the State Fair Endowment A ccount to be retained in the account and directs 25% of the investment earnings to be distributed to the Wyoming State Fair Account, which is u sed to support the State Fair and fairgrounds. The act d irects 1% of fee revenue generated for the use of the fa ir grounds and facilities to the State Fair Endowment Account . The act r emoves restrictions on gambling devices and intoxicating liquors sold on the f airgrounds . The act a ppropriates $100,000 from the general fund to the State Fair Endowment Account and an addition al $100,000 to the State Treasurer's Office that will be transferred to the State Fair Endowment Account if the $100,000 is fully matched by cash gifts to the State Fair Endowment Account. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill .