Wyoming Mineral Trust Fund and Common School Permanent Fund Investments
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Bill Summary - 20LSO-0212 Bill No.: HB0161 Effective: Immediately LSO No.: 20LSO-0212 Enrolled Act No.: HEA No. 0025 Chapter No.: 55 Prime Sponsor: Select Committee on Capital Financing & Investments Catch Title: Reserve accounts-investments. Subject: Investment of the reserve accounts and retention of earnings. Summary/Major Elements: Under current law, the Reserve Accounts for the Permanent Wyoming Mineral Trust Fund and the Common School Account in the Permanent Land Fund may not be invested in equities as they are non-permanent funds of the state. Under Article 16, Section 6 of the Wyoming Constitution, non-permanent funds may only be invested in common stock and other equities if the Legislature authorizes the investment by a two-thirds (2/3) vote of the members elected to both houses voting separately. The act, adopted in accordance with the constitutional requirement, authorizes a portion of the Permanent Wyoming Mineral Trust Fund Reserve Account and the Commons School Permanent Fund Reserve Account to be invested in equities, including stock of corporations. The act also specifies that the investment earnings on the Permanent Wyoming Mineral Trust Fund Reserve Account and the Commons School Permanent Fund Reserve Account shall be retained in each account, respectively. 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.
Public statements
Last checked Aug 6, 3:47 PM
R · H34
Why they voted this way
The lawmaker opposes the bill because they believe it creates an unfair threshold where a small number of people can block decisions for the entire county, preventing progress.
Why they voted this way
The lawmaker supports the bill based on their personal experience with financial planning for retirement, which emphasized securing funds that can be cashed in.
Why they voted this way
The lawmaker states that their personal risk tolerance is not at the maximum level proposed by the bill, leading them to support a lower percentage.
R · H09
Why they voted this way
The lawmaker opposes the bill because they believe it provides no benefit given existing procedures for handling missing physical licenses and law enforcement capabilities.
Why they voted this way
The lawmaker opposes the bill because the fiscal note suggests a high cost for an optional feature that does not accomplish enough to justify the expense.
If a lawmaker is not listed, we couldn't find a published reason.
Wyoming roll calls
6 roll calls
Official activity
Changes
2 stored
The amendment changes the percentage of funds that can be invested in equities from 100% to 75%.
The amendment changes the effective date of HB0161 to be immediate upon completion of all necessary acts for a bill to become law.