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SF0115 • 2009

Investment of state funds-revision.

AN ACT relating to public funds; extending the sunset date on permissible industrial development bond investments; and providing for an effective date.

Enacted

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

Sponsor
Senator Larson
Last action
2009-03-02
Official status
enrolled
Effective date
3/2/2009

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.

SF0115SS001

Standing Committee • LARSON

Adopted

Plain English: Adopted Standing Committee by LARSON

  • 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. 2009-03-02 LSO

    Assigned Chapter Number - 96

  2. 2009-03-02 Governor

    Governor Signed SEA No. 0043

  3. 2009-02-26 House

    H Speaker Signed SEA No. 0043

  4. 2009-02-26 Senate

    S President Signed SEA No. 0043

  5. 2009-02-25 LSO

    Assigned Number SEA No. 0043

  6. 2009-02-25 House

    H Passed 3rd Reading

  7. 2009-02-24 House

    H Passed 2nd Reading

  8. 2009-02-23 House

    H Passed CoW

  9. 2009-02-18 House

    H Placed on General File

  10. 2009-02-18 House

    H09 Recommended Do Pass

  11. 2009-02-05 House

    H Introduced and Referred to H09

  12. 2009-02-02 House

    H Received for Introduction

  13. 2009-01-30 Senate

    S Passed 3rd Reading

  14. 2009-01-29 Senate

    S Passed 2nd Reading

  15. 2009-01-28 Senate

    S Passed CoW

  16. 2009-01-28 Senate

    S Amendments Adopted

  17. 2009-01-28 Senate

    Amendment Adopted

  18. 2009-01-26 Senate

    S Placed on General File

  19. 2009-01-26 Senate

    S09 Recommended Amend and Do Pass

  20. 2009-01-20 Senate

    S Introduced and Referred to S09

  21. 2009-01-19 Senate

    S Received for Introduction

  22. 2009-01-15 LSO

    Bill Number Assigned

Official Summary Text

Bill No.: <billno> Drafter: <drafterinit>

Bill No.:
SF0115
Drafter:

MRW

LSO No.:
09LSO-0581
Effective Date:

3/2/2009

Enrolled Act No.:
SEA0043

Chapter No.:
96

Prime Sponsor:
Senator
Larson

Catch Title:
Investment
of state funds-revision.

Subject:
P
ermissible
industrial development bond investments.

Summary/Major Elements:

In order to promote economic
development, the state treasurer is authorized under current law to invest
permanent mineral trust funds in industrial development bond revenue bonds
issued by cities, counties and joint powers boards.

That authority was set to
expire June 30, 2009.

This act extends the sunset
date to June 30, 2011.

Current Bill Text

Read the full stored bill text 
WORKING DRAFT

ORIGINAL SENATE

FILE

NO.
0115

ENROLLED ACT NO. 43, SENATE

SIXTIETH LEGISLATURE OF THE STATE OF
WYOMING
2009 GENERAL SESSION

AN ACT relating to
public funds; extending the sunset date on permissible
industrial development bond
investments;
and providing for an effective date.

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

Section 1.

W.S. 9
‑
4
‑
715(m)(vi) is amended to read:

9
‑
4
‑
715.

Permissible investments.

(m)

To promote economic development, the state treasurer may invest and keep invested not to exceed one hundred million dollars ($100,000,000.00) of any state permanent funds 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,
2009

201
1
.

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