SF0058

Bill Summary - 24LSO-0194 Bill No.: SF0058 Effective: Immediately LSO No.: 24LSO-0194 Enrolled Act No.: SEA No. 0012 Chapter No.: 45 Prime Sponsor: Joint Appropriations Committee Catch Title: Investment of state unemployment insurance trust fund. Has Report: No Subject: Unemployment insurance trust fund. Summary/Major Elements: This act allows the state Unemployment Insurance Trust Fund to be invested in the Pool A Investment Account. Funds invested in the Pool A Investment Account may be invested in equities, including stocks of corporations. This act authorizes the director of the Department of Workforce Services to determine whether to distribute investment earnings from the state Unemployment Insurance Trust Fund to the Workforce Development Training Fund, provided that the balance of the state Unemployment Insurance Trust Fund does not fall below the balance of the fund as of July 1, 2023. 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.