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Wyoming2020Did Not Pass

HB0249

Rules for State Investment in Real Property

Last scannedAug 25, 2026, 2:25 AM

In one sentence

This act allows the state to buy real property and related assets, sets rules for these purchases, requires reports and legislative approval before any agreement is made.

What it does

  • Allows the state loan and investment board to investigate and purchase surface, subsurface, and mineral interests within Wyoming or neighboring states.
  • Requires the board to conduct due diligence on fair market value and impacts of potential purchases.
  • Specifies that purchases must follow prudent investor rules and be approved by the legislature before any agreement is signed.
  • Creates a property tax reimbursement payment account for managing taxes related to purchased assets.

Who it affects

  • The state loan and investment board
  • Local governments receiving payments instead of property taxes
  • Landowners selling real estate to the state

Limits and unknowns

  • The bill did not pass during its session.
  • Requires legislative approval before any purchase agreement can be executed, which limits the board's immediate action without further legislative consent.

Plain language

Terms to know

prudent investor rule
A set of guidelines that require investors, including the state, to act with care and caution when making investments.

Official record

Sources

Validated

Public statements

Why lawmakers voted

Last checked Aug 11, 6:33 PM

Voted No

Why they voted this way

The lawmaker explained that the vote change resulted from clearing up a misunderstanding regarding the difference between microbrewery and malt beverage licenses.

Public statementFloor statement at 30:00 Watch the statement
Voted Yes

Why they voted this way

The lawmaker supports the amendment to ensure local communities have an opportunity for public input before any land purchase occurs.

Public statementFloor statement at 24:12 Watch the statement
Voted No

Why they voted this way

The lawmaker urges a no vote because the bill acts as an unlimited blank check for retaining experts without proper legislative limits or sufficient information on the assets.

Public statementFloor statement at 35:30 Watch the statement
Voted Yes

Why they voted this way

The lawmaker supports the bill because it allows the executive branch to evaluate potential land purchases and brings any purchase agreement back to the legislature for an affirmative vote, ensuring legislative oversight.

Public statementFloor statement at 35:49 Watch the statement
Voted Yes

Why they voted this way

The lawmaker supports the bill because he believes Trona is not an energy sector asset, diversifying the portfolio further, and that the current owner's negative cash flow presents a buying opportunity.

Public statementFloor statement at 37:15 Watch the statement
Voted Yes

Why they voted this way

The lawmaker leans toward supporting the bill because he wants the legislature to have a seat at the table in determining criteria for any potential land swap or purchase rather than letting the board decide alone.

Public statementFloor statement at 39:04 Watch the statement
Voted Yes

Why they voted this way

The lawmaker supports the bill as it functions like a comparative market analysis to determine property value and options, while also providing an opportunity for the state to control its destiny rather than allowing international buyers.

Public statementFloor statement at 40:10 Watch the statement
Voted Yes

Why they voted this way

The lawmaker supports the bill because he views this potential investment as similar to past state investments that successfully transformed Wyoming's economy and could be a future economic driver.

Public statementFloor statement at 46:58 Watch the statement

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

Wyoming roll calls

Recorded votes

6 roll calls

H Concur:Failed 0-59-1-0-02020-03-11 · House0 yes 59 no
S 3rd Reading:Passed 26-3-1-0-02020-03-10 · Senate26 yes 3 no
S02 - Appropriations:Recommend Amend and Do Pass 4-0-1-0-02020-03-05 · Senate4 yes 0 no
H 3rd Reading:Passed 45-12-3-0-02020-02-28 · House45 yes 12 no
H02 - Appropriations:Recommend Amend and Do Pass 6-1-0-0-02020-02-25 · House6 yes 1 no
H Introduced and Referred to H02 - Appropriations 53-4-3-0-02020-02-14 · House53 yes 4 no

Official activity

Bill history

  1. S Appointed JCC01 MembersSenate
  2. H Appointed JCC01 MembersHouse
  3. H Concur:Failed 0-59-1-0-0House
  4. H Received for ConcurrenceHouse
  5. S 3rd Reading:Passed 26-3-1-0-0Senate
  6. S 2nd Reading:PassedSenate
  7. S COW:PassedSenate
  8. S Placed on General FileSenate
  9. S02 - Appropriations:Recommend Amend and Do Pass 4-0-1-0-0Senate
  10. S Introduced and Referred to S02 - AppropriationsSenate
  11. S Received for IntroductionSenate
  12. H 3rd Reading:Passed 45-12-3-0-0House
  13. H 3rd Reading:Laid BackHouse
  14. H 2nd Reading:PassedHouse
  15. H COW:PassedHouse
  16. H Placed on General FileHouse
  17. H02 - Appropriations:Recommend Amend and Do Pass 6-1-0-0-0House
  18. H Introduced and Referred to H02 - Appropriations 53-4-3-0-0House
  19. H Received for IntroductionHouse
  20. Bill Number AssignedLSO

Changes

Amendments

13 stored

HB0249H2001

The amendment adds a requirement for the board to hold at least one public meeting in Wyoming before purchasing property there.

HB0249H2002

The amendment changes the requirement for approving real property purchases from legislative adjournment to legislative approval.

HB0249H2003

The amendment adds a new requirement for reporting potential anticipated earnings from the assets to be purchased by the state, including details about the sources and types of these earnings.

HB0249H2004

This amendment makes several minor changes to the bill, including correcting terminology and adjusting wording in specific sections.

HB0249H3001

The amendment adds a requirement for the board to hold at least one public meeting in Wyoming if they are purchasing property there.

HB0249H3002

The amendment makes several minor changes to the bill, including correcting terminology and adjusting wording in specific sections.

HB0249H3003

The amendment removes a specific line from the bill on page 2, which was proposed by Representative Gray.

HB0249H3004

The amendment adds a requirement for public meetings in Cheyenne, Wyoming if state funds are used to purchase property there.

HB0249HS001

The amendment approves the adoption of Substitute No. 1 for HB 0249.

HB0249S3001

The amendment to HB0249 makes several technical changes to the bill's language regarding the purchase and management of state funds.

HB0249S3002

The amendment modifies the bill to require public notice and comment periods before purchases, change references from singular to plural where appropriate, and add provisions regarding federal grants and management of purchased assets.

HB0249SW001

The amendment limits the amount of money that can be spent from a specific account for purchasing real property assets.

HB0249SS001

The amendment modifies certain sections of HB0249 to clarify language, remove redundant text, and add requirements for public disclosure and legislative approval before purchasing real property assets.