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HB0189 • 2006

Wyoming electric transmission infrastructure account.

AN ACT relating to economic development; creating an energy transmission infrastructure account within the revolving investment fund created under Article 16, Section 12 of the Wyoming Constitution; providing an appropriation to the account; providing for loans from the account; providing for repayment of loans; and providing for an effective date. Be It Enacted by the Legislature

Budget
Did Not Pass

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

Sponsor
Representative Philp
Last action
2006-03-06
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.

HB0189H2001

2nd reading • LANDON

Failed

Plain English: Failed 2nd reading by LANDON

  • 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.
HB0189HS001

Standing Committee • H09

Failed

Plain English: Failed 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.

Bill History

  1. 2006-03-06 Senate

    S Placed on General File; Did Not Consider in CoW

  2. 2006-03-06 Senate

    S02 Recommended Do Pass

  3. 2006-03-03 Senate

    S Rereferred to S02

  4. 2006-03-03 Senate

    S09 Recommended Amend and Do Pass

  5. 2006-03-01 Senate

    S Introduced and Referred to S09

  6. 2006-02-28 Senate

    S Received for Introduction

  7. 2006-02-28 House

    H Passed 3rd Reading

  8. 2006-02-27 House

    H Passed 2nd Reading

  9. 2006-02-27 House

    Amendment Failed

  10. 2006-02-24 House

    H Passed CoW

  11. 2006-02-24 House

    Amendment Failed

  12. 2006-02-23 House

    H Placed on General File

  13. 2006-02-23 House

    H02 Recommended Do Pass

  14. 2006-02-22 House

    H Rereferred to H02

  15. 2006-02-22 House

    H Placed on General File

  16. 2006-02-22 House

    H09 Recommended Amend and Do Pass

  17. 2006-02-17 House

    H Introduced and Referred to H09

  18. 2006-02-15 House

    H Received for Introduction

  19. 2006-02-15 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
WORKING DRAFT
2006
STATE OF
WYOMING
06LSO-0477

HOUSE BILL
NO.
HB0189

Energy
transmission infrastructure account.

Sponsored by:
Representative(s) Philp, Berger, Cohee, Lockhart and Luthi and Senator(s) Hawks

A BILL

for

AN ACT relating to
economic
development;
creating an energy transmission infrastructure account within the revolving investment fund created under
A
rticle 16,
S
ection 12 of the Wyoming
C
onstitution;
providing an appropriation to
the
account;
providing for loans from the account; providing for repayment of loans;
and providing for an effective date.

Be It Enacted by the Legislature of the State of
Wyoming
,
two-thirds of all the members of the two houses, voting separately, concurring therein
:

Section 1.
There is
appropriated from the general fund ten million dollars ($10,000,000.00) to the energy transmission infrastructure account, hereby
established
within the revolving investment
fund
created under
A
rticle 16,
S
ection 12 of the Wyoming
C
onstitution.

Section
2
.
The state treasurer is authorized to loan from the
energy transmission infrastructure account,
to
any enterprise proposing the development of any energy transmission project which will
employ people within the state, provide services within the state, use resources within the state or otherwise add economic value to
natural resources produced in the state
,
up to
ten million dollars ($10,000,000.00) for purposes of
developing the energy
transmission project. No funds shall be
loan
ed until the
loan
has been approved by a unanimous vote of the five (5) members of the state loan and investment board. Monies loaned under this section shall be repaid, with interest at an annual rate set by the state loan and investment board of not more than four percent (4%), to the
energy transmission infrastructure account
at such time and manner as the
board
determines, but the funds shall be repaid in any event not later than
ten (10) years after the loan is made
.
Upon repayment of loans to the account
,
monies within the account may be loaned under the same conditions to other entities for
energy
transmission development projects meeting the requirements of Article 16, Section 12 of the Wyoming Constitution.
A loan agreement shall be prepared and approved by the attorney general before distribution of loan proceeds.

Section
2
.
This act is effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.

(END)

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HB0189