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HB0025 • 2005

Special reserve account.

AN ACT relating to public funds; creating a special reserve account; appropriating monies to the account; providing limitations on appropriations from the account; providing for investment of funds; specifying intent; and providing for an effective date. B

Budget
Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor
Representative Illoway
Last action
2005-02-28
Official status
inactive
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

HB0025H3001

3rd reading • MCOMIE

Failed

Plain English: Failed 3rd reading by MCOMIE

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
HB0025HS001

Standing Committee • H02

Adopted

Plain English: Adopted Standing Committee by H02

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
HB0025S3001

3rd reading • MOCKLER

Adopted, Corrected

Plain English: Adopted, Corrected 3rd reading by MOCKLER

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
HB0025SS001

Standing Committee • HINES

Adopted

Plain English: Adopted Standing Committee by HINES

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

Bill History

  1. 2005-02-28 Senate

    S Failed 3rd Reading

  2. 2005-02-28 Senate

    Amendment Adopted

  3. 2005-02-25 Senate

    S Passed 2nd Reading

  4. 2005-02-24 Senate

    S Passed CoW

  5. 2005-02-24 Senate

    Amendment Adopted

  6. 2005-02-24 Senate

    S Amendments Adopted

  7. 2005-02-08 Senate

    S Placed on General File

  8. 2005-02-08 Senate

    S02 Recommended Amend and Do Pass

  9. 2005-02-03 Senate

    S Introduced and Referred to S02

  10. 2005-02-03 Senate

    S Received for Introduction

  11. 2005-02-02 House

    H Passed 3rd Reading

  12. 2005-02-02 House

    Amendment Failed

  13. 2005-02-01 House

    H Passed 2nd Reading

  14. 2005-01-31 House

    H Passed CoW

  15. 2005-01-31 House

    Amendment Adopted

  16. 2005-01-31 House

    H Amendments Adopted

  17. 2005-01-27 House

    H Placed on General File

  18. 2005-01-27 House

    H02 Recommended Amend and Do Pass

  19. 2005-01-13 House

    H Introduced and Referred to H02

  20. 2005-01-11 House

    H Received for Introduction

  21. 2004-12-13 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
WORKING DRAFT
2005
STATE OF WYOMING
05LSO-0193.E1

HOUSE BILL
NO.
HB0025

Legislative stabilization reserve account.

Sponsored by:
Representative(s) Illoway, Edwards, Hinckley, Latta, Lockhart, Martin, McOmie, Petersen, Reese and Walsh and Senator(s) Hanes, Hines, Massie, Nicholas and Schiffer

A BILL

for

AN ACT relating to public funds; creating a legislative stabilization reserve account; providing limitations on appropriations from the account; providing for investment of funds; specifying intent; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1.

There is created a legislative stabilization reserve account. Funds within the legislative stabilization reserve account shall not be expended except upon a two-thirds (2/3) vote of each house of the legislature voting separately. This legislative stabilization reserve account is created in anticipation of the passage of 2005 House Joint Resolution 1, authorizing the creation of special reserve accounts and restricting appropriations from special reserve accounts created pursuant to Article 16, Section 13 of the Wyoming Constitution. Funds within the legislative stabilization reserve account created by this act shall not be appropriated until the results of the 2006 general elections have been certified. If the Constitutional amendment proposed by 2005 House Joint Resolution 1, is approved by the electors the legislative stabilization reserve account created by this act shall be designated as an account created pursuant to Wyoming Constitution Article 16, Section 13, and the account shall be restricted as provided in Article 16, Section 13. Funds within the account shall be invested by the state treasurer as authorized under W.S. 9
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4
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711 in a manner to obtain the highest return possible consistent with the preservation of the corpus. If the electors approve 2005 House Joint Resolution 1, monies within the account shall be considered permanent funds of the state for purposes of Article 16, Section 6 of the Wyoming Constitution. Any earnings from investment of monies in the legislative stabilization reserve account shall be credited by the state treasurer to the general fund.

Section 2.
This act is effective July 1, 2005.

(END)

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HB0025