Plain English Breakdown
The plain English breakdown is still being put together. The official documents below are already here.
SF0083 • 2006
Industrial development bonds.
AN ACT relating to public funds; extending the sunset date for state investment in industrial development bonds issued by political subdivisions; and providing for an effective date.
Enacted
This bill passed the Legislature and reached final enactment based on the latest official action.
Bill History
-
2006-03-24
Governor
Governor Signed SEA No. 0027
-
2006-03-24
LSO
Assigned Chapter Number - 104
-
2006-03-09
House
H Speaker Signed SEA No. 0027
-
2006-03-08
Senate
S President Signed SEA No. 0027
-
2006-03-07
LSO
Assigned Number SEA0027
-
2006-03-07
House
H Passed 3rd Reading
-
2006-03-06
House
H Passed 2nd Reading
-
2006-03-03
House
H Passed CoW
-
2006-03-01
House
H Placed on General File
-
2006-03-01
House
H09 Recommended Do Pass
-
2006-02-28
House
H Introduced and Referred to H09
-
2006-02-27
House
H Received for Introduction
-
2006-02-27
Senate
S Passed 3rd Reading
-
2006-02-24
Senate
S Passed 2nd Reading
-
2006-02-23
Senate
S Passed CoW
-
2006-02-20
Senate
S Placed on General File
-
2006-02-20
Senate
S09 Recommended Do Pass
-
2006-02-14
Senate
S Introduced and Referred to S09
-
2006-02-13
Senate
S Received for Introduction
-
2006-02-09
LSO
Bill Number Assigned
Official Summary Text
SF0083 Bill Summary Bill No.: SF0083 Drafter: MRW LSO No.: 06LSO-0433 Effective Date: Enrolled Act No.: SEA0027 Chapter No.: 104 Prime Sponsor: Senator Hawks Catch Title: Industrial development bonds. Subject: Extends the sunset date for specific public funds. Summary/Major Elements: Extends the sunset date for state investment in industrial development bonds issued by political subdivisions from June 30, 2006 to June 30, 2009. Comments: Contains delayed effective/repeal date: Extends the sunset date from June 30, 2006 to June 30, 2009.
Current Bill Text
Read the full stored bill text
WORKING DRAFT ORIGINAL SENATE FILE NO. 0083 ENROLLED ACT NO. 27, SENATE FIFTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING 2006 BUDGET SESSION AN ACT relating to public funds; extending the sunset date for state investment in industrial development bonds issued by political subdivisions; and providing for an effective date. Be It Enacted by the Legislature of the State of Wyoming: Section 1. W.S. 9 ‑ 4 ‑ 701(q)(intro) and (vi) is amended to read: 9 ‑ 4 ‑ 701. Permissible investments; treasurer's rules and regulations. (q) The limitation on legislatively designated investments under W.S. 9 ‑ 4 ‑ 712 applies to this investment. To promote economic development, the state treasurer is authorized to invest and keep invested not to exceed one hundred million dollars ($100,000,000.00) of any state permanent funds available for investment through the purchase of industrial development bonds issued by joint powers boards, municipalities or counties under W.S. 15 ‑ 1 ‑ 701 through 15 ‑ 1 ‑ 710 subject to the terms and conditions specified under this subsection. By December 31 of each calendar year, the state treasurer and the Wyoming business council shall each provide a report to the joint minerals, business and economic development interim committee on the effectiveness of the investment program authorized by this subsection. The reports shall include the costs incurred by the state to the permanent mineral trust fund, expenditures made from the account created under paragraph (v) of this subsection and the revenue received by the Wyoming business council through fees and businesses who utilized the program: (vi) No investment shall be made under this subsection after June 30, 2006 2009 . Section 2. This act is effective immediately upon co m pletion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constit u tion. (END) Speaker of the House President of the Senate Governor TIME APPROVED: _________ DATE APPROVED: _________ I hereby certify that this act originated in the Senate. Chief Clerk 1