HB0278 • 2007

Distribution of federal mineral roaylties.

AN ACT relating to federal mineral royalties; redistributing federal mineral royalties to the common school account within the permanent land fund as specified; specifying application; and providing for an effective date.

Education Land

Vetoed

The latest official action shows the governor vetoed this bill. Check the bill history to see whether lawmakers later overrode that veto.

Sponsor: Representative Harshman
Last action: 2007-03-09
Official status: enrolled
Effective date: 3/9/2007

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.

HB0278SW001

Committee of the Whole • NICHOLAS

Adopted

Plain English: Adopted Committee of the Whole by NICHOLAS

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

2007-03-09 Wyoming Legislature
Governor Vetoed HEA0126
2007-03-01 Senate
S President Signed HEA No. 0126
2007-03-01 House
H Speaker Signed HEA No. 126
2007-03-01 LSO
Assigned Number HEA0126
2007-03-01 Senate
S Adopted HB0278JC01
2007-02-28 House
H Adopted HB0278JC01
2007-02-28 Senate
S Appointed JCC01 Members
2007-02-27 House
H Appointed JCC01 Members
2007-02-27 House
H Did Not Concur
2007-02-27 House
H Reconsidered Concurrence
2007-02-27 House
H Did Concur
2007-02-27 House
H Received for Concurrence
2007-02-27 Senate
S Passed 3rd Reading
2007-02-26 Senate
S Passed 2nd Reading
2007-02-23 Senate
S Passed CoW
2007-02-23 Senate
Amendment Adopted
2007-02-23 Senate
S Amendments Adopted
2007-02-13 Senate
S Placed on General File
2007-02-13 Senate
S02 Recommended Do Pass
2007-02-06 Senate
S Rereferred to S02
2007-02-06 Senate
S03 Recommended Do Pass
2007-02-01 Senate
S Introduced and Referred to S03
2007-01-31 Senate
S Received for Introduction
2007-01-31 House
H Passed 3rd Reading
2007-01-30 House
H Passed 2nd Reading
2007-01-29 House
H Passed CoW
2007-01-29 House
H Placed on General File
2007-01-29 House
H03 Recommended Do Pass
2007-01-24 House
H Introduced and Referred to H03
2007-01-23 House
H Received for Introduction
2007-01-19 LSO
Bill Number Assigned

Official Summary Text

2007 General Session Summary for HB0278

Bill No.:
HB0278

Drafter:

DKG

LSO No.:
07LSO-0617
Effective Date:

7/1/2007

Enrolled Act No.:
HEA0126

Chapter No.:
CHVETO

Prime Sponsor:
Representative
Harshman

Catch Title:
School
capital construction reserve account.

Subject:
Distribution
of specified federal mineral royalties.

Summary/Major Elements:

This act redistributed
federal mineral royalties from the school foundation program account to the
common school account within the permanent land fund.

The diversion would not occur
until the Hathaway and excellence in higher education endowments were funded as
provided in current law and would not occur unless there was a balance of $100
million in the school foundation program account at the end of the pertinent
fiscal year.

Comments:
The governor
vetoed this act. The veto message stated in part that the funds would be
unavailable for school funding needs in the future, including school capital
construction. The message also stated that the same movement of funds is
accomplished by the budget bill for the current biennium.

Current Bill Text

Read the full stored bill text

WORKING DRAFT

ORIGINAL HOUSE

BILL

NO.
0278

ENROLLED ACT NO. 126, HOUSE OF REPRESENTATIVES

FIFTY-NINTH LEGISLATURE OF THE STATE OF
WYOMING
2007 GENERAL SESSION

AN ACT relating to federal mineral royalties; redistributing federal mineral royalties
to the common school account within the permanent land fund as specified
; specifying application; and providing for an effective date.

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

Section
1
.

W.S. 9
‑
4
‑
601(d)(v)
(intro) and
(C) is amended to read:

9
‑
4
‑
601.

Distribution and use; funds, accounts, cities and towns benefited; exception for bonus payments.

(d)

Any revenue received under subsection (a) of this section in excess of two hundred million dollars ($200,000,000.00) shall be distributed as follows:

(v)

From the amounts which would otherwise be distributed to the school foundation program account under paragraph (iii) of this subsection, amounts shall be deposited to the higher education endowment account and the student scholarship endowment account created by W.S. 21
‑
16
‑
1201 in accordance with and subject to the requirements of this paragraph
, with remaining amounts deposited as provided in subparagraph (C) of this paragraph
. The amounts specified in this paragraph shall be reduced as the state treasurer determines necessary to ensure that as of
July 1
June 30

of each fiscal year, there is an unobligated, unencumbered balance of one hundred million dollars ($100,000,000.00) within the school foundation program account. Distributions under this paragraph shall be as follows:

(C)

After the amounts specified in subparagraphs (A) and (B) of this paragraph are deposited to the appropriate account, remaining funds shall be deposited to the

common

school
foundation program
account as provided in paragraph (iii) of this subsection
.
account within the permanent land fund. The amounts deposited to the common school account within the permanent land fund pursuant to this subparagraph shall be reduced as the state treasurer determines necessary to ensure that as of June 30 of each fiscal year, there is an unobligated, unencumbered balance of one hundred million dollars ($100,000,000.00) within the school foundation program account.

Section
2
.

This act is effective July 1, 2007.

(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