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HB0166 • 2005

Loans for airport development.

AN ACT relating to aeronautics; modifying the amount which may be loaned for the development of airports; modifying the interest rate on loans; specifying the loans are subject to limitations on legislatively designated investments; and providing for an effective date.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Representative Illoway
Last action
2005-03-03
Official status
enrolled
Effective date
7/1/2005

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.

HB0166HS001

Standing Committee • H09

Adopted

Plain English: Adopted Standing Committee by H09

  • 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.
HB0166SW001

Committee of the Whole • HAWKS

Failed

Plain English: Failed Committee of the Whole by HAWKS

  • 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. 2005-03-03 Governor

    Governor Signed HEA0119

  2. 2005-03-03 LSO

    Assigned Chapter Number - 208

  3. 2005-03-02 Senate

    S President Signed HEA No. 0119

  4. 2005-03-01 House

    H Speaker Signed HEA No. 0119

  5. 2005-03-01 LSO

    Assigned Number HEA0119

  6. 2005-03-01 Senate

    S Passed 3rd Reading

  7. 2005-02-28 Senate

    S Passed 2nd Reading

  8. 2005-02-25 Senate

    S Passed CoW

  9. 2005-02-25 Senate

    Amendment Failed

  10. 2005-02-04 Senate

    S Placed on General File

  11. 2005-02-04 Senate

    S09 Recommended Do Pass

  12. 2005-02-03 Senate

    S Introduced and Referred to S09

  13. 2005-02-03 Senate

    S Received for Introduction

  14. 2005-02-02 House

    H Passed 3rd Reading

  15. 2005-02-01 House

    H Passed 2nd Reading

  16. 2005-01-31 House

    H Passed CoW

  17. 2005-01-31 House

    Amendment Adopted

  18. 2005-01-31 House

    H Amendments Adopted

  19. 2005-01-27 House

    H Placed on General File

  20. 2005-01-27 House

    H09 Recommended Amend and Do Pass

  21. 2005-01-13 House

    H Introduced and Referred to H09

  22. 2005-01-12 House

    H Received for Introduction

  23. 2005-01-10 LSO

    Bill Number Assigned

Official Summary Text

2005 General Session Summary for HB0166

Bill
No.:
HB0166
Drafter:

DKG

LSO
No.:
05LSO-0325
Effective Date:

7/1/2005

Enrolled
Act No.:
HEA0119

Chapter
No.:
208

Prime
Sponsor:
Representative Illoway

Catch
Title:
Loans for airport development.

Subject:
Amounts
and interest rate on loans made by the aeronautics commission for airport
development.

Summary/Major
Elements:

Increases the amount which can be loaned by the aeronautics commission to
counties, cities, towns and joint powers boards for airport development and
improvement from four million to ten million dollars.

Changes the interest rates on loans to five percent per annum (the rate
was tied to other loan rates).

Current Bill Text

Read the full stored bill text 
WORKING DRAFT

ORIGINAL HOUSE

BILL

NO.
0166

ENROLLED ACT NO. 119, HOUSE OF REPRESENTATIVES

FIFTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
2005 GENERAL SESSION

AN ACT relating to aeronautics; modifying the amount which may be loaned for the development of airports; modifying the interest rate on loans; specifying the loans are subject to limitations on legislatively designated investments; and providing for an effective date.

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

Section 1.
W.S. 9
‑
4
‑
712(b) by creating a new paragraph (xii) and 10
‑
3
‑
403(a) and (d) are amended to read:

9
‑
4
‑
712.

Limitation on legislatively designated investments.

(b)

Investments subject to the limitation in subsection (a) of this section are:

(xii)

Loans for airport construction, development or improvement under W.S. 10
‑
3
‑
403.

10
‑
3
‑
403.

Loans for airport construction and improvement and air service promotion; authority to make; security; rulemaking authority; limitation.

(a)

The commission may make loans to counties, cities and towns and joint powers boards within the state for construction, development and improvement of airport facilities generating user fees. The loans shall be from the permanent mineral trust fund and shall not exceed the aggregate of
four million dollars ($4,000,000.00)
ten million dollars ($10,000,000.00)
, including all loans made under this subsection prior to July 1,
2003
2005
and still outstanding on that date.

(d)

The
commission shall establish by rule and regulation, the
interest rate for loans under this section
in accordance with current rates of interest on loans made by the state loan and investment board pursuant to W.S. 16
‑
1
‑
109(a)
shall be five percent (5%) per annum
.

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

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the House.

Chief Clerk

1