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HB0037 • 2006

Worker's compensation fund investment.

AN ACT relating to worker's compensation; authorizing investment of the worker's compensation fund in common stocks, as specified; and providing for an effective date.

Labor
Enacted

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

Sponsor
Labor
Last action
2006-03-08
Official status
enrolled
Effective date
7/1/2006

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.

HB0037HS001

Standing Committee • H10

Adopted

Plain English: Adopted Standing Committee by H10

  • 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.
HB0037S2001

2nd reading • MASSIE

Adopted

Plain English: Adopted 2nd reading by MASSIE

  • 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.
HB0037SS001

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. 2006-03-08 LSO

    Assigned Chapter Number - 13

  2. 2006-03-08 Governor

    Governor Signed HEA No. 0009

  3. 2006-03-06 Senate

    S President Signed HEA No. 0009

  4. 2006-03-06 House

    H Speaker Signed HEA No. 0009

  5. 2006-03-06 LSO

    Assigned Number HEA0009

  6. 2006-03-03 House

    H Did Concur

  7. 2006-03-03 House

    H Received for Concurrence

  8. 2006-03-03 Senate

    S Passed 3rd Reading

  9. 2006-03-02 Senate

    S Passed 2nd Reading

  10. 2006-03-02 Senate

    Amendment Adopted

  11. 2006-03-01 Senate

    S Passed CoW

  12. 2006-03-01 Senate

    Amendment Adopted

  13. 2006-03-01 Senate

    S Amendments Adopted

  14. 2006-02-28 Senate

    S Placed on General File

  15. 2006-02-28 Senate

    S02 Recommended Amend and Do Pass

  16. 2006-02-24 Senate

    S Introduced and Referred to S02

  17. 2006-02-21 Senate

    S Received for Introduction

  18. 2006-02-17 House

    H Passed 3rd Reading

  19. 2006-02-16 House

    H Passed 2nd Reading

  20. 2006-02-15 House

    H Passed CoW

  21. 2006-02-15 House

    Amendment Adopted

  22. 2006-02-15 House

    H Amendments Adopted

  23. 2006-02-14 House

    H Placed on General File

  24. 2006-02-14 House

    H10 Recommended Amend and Do Pass

  25. 2006-02-13 House

    H Introduced and Referred to H10

  26. 2006-02-13 House

    H Received for Introduction

  27. 2005-12-12 LSO

    Bill Number Assigned

Official Summary Text

HB0037 Bill Summary

Bill
No.:
HB0037

Drafter:

JWL

LSO
No.:

06LSO-0204

Effective Date:

7/1/2006

Enrolled
Act No.:

HEA0009

Chapter
No.:

13

Prime Sponsor:

Joint Labor, Health and
Social Services Interim Committee

Catch
Title:

Worker's compensation fund investment.

Subject:

Investment of worker's
compensation reserves in equities.

Summary/Major
Elements:
This act:

Authorizes the Department of Employment, after
consultation with a qualified investment manager, to authorize the state
treasurer to invest up to 45% of the workers' compensation fund reserves in
common stocks.

Current Bill Text

Read the full stored bill text 
WORKING DRAFT

ORIGINAL HOUSE

BILL

NO.
0037

ENROLLED ACT NO. 9, HOUSE OF REPRESENTATIVES

FIFTY-EIGHTH LEGISLATURE OF THE STATE OF
WYOMING
2006 BUDGET SESSION

AN ACT relating to worker's compensation; authorizing investment of the worker's compensation fund in common stocks, as specified; and providing for an effective date.

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

Section 1.

W.S. 27
‑
14
‑
701(c) is amended to read:

27
‑
14
‑
701.

Worker's compensation account established; investments; administrative expenses; rehabilitation expenses; worker's compensation claims payment account established for worker's compensation revenue bond proceeds.

(c)

All money collected and accounted for pursuant to this act not immediately necessary for the purposes of this act shall be invested by the state treasurer in the manner provided by law for investment of permanent state funds
.
, excluding provisions pertaining to the investment of Wyoming retirement system monies

The director, in consultation with a qualified independent investment manager
, may establish a percent not to exceed forty-five percent (45%) of the total amount collected and accounted for under this subsection to be invested in common stock by the state treasurer
.

Section 2.

This act is effective July 1, 2006.

(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