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SF0028 • 2010

State loan & investment board-loan refinancing.

AN ACT relating to intergovernmental cooperation; authorizing the refinancing of state loan and investment board loans as specified; and providing for an effective date.

Enacted

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

Sponsor
Senator Martin
Last action
2010-03-03
Official status
enrolled
Effective date
7/1/2010

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.

SF0028HW001

Committee of the Whole • ANDERSON,R

Adopted, Corrected

Plain English: Adopted, Corrected Committee of the Whole by ANDERSON,R

  • 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.
SF0028HW002

Committee of the Whole • ZWONITZ,DV

Failed

Plain English: Failed Committee of the Whole by ZWONITZ,DV

  • 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.
SF0028SS001

Standing Committee • SCHIFFER

Adopted

Plain English: Adopted Standing Committee by SCHIFFER

  • 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. 2010-03-03 LSO

    Assigned Chapter Number - 8

  2. 2010-03-03 Governor

    Governor Signed SEA0015

  3. 2010-03-01 House

    H Speaker Signed SEA No. 0015

  4. 2010-03-01 Senate

    S President Signed SEA No. 0015

  5. 2010-02-26 LSO

    Assigned Number SEA0015

  6. 2010-02-26 Senate

    S Did Concur

  7. 2010-02-26 House

    H Passed 3rd Reading

  8. 2010-02-25 House

    H Passed 2nd Reading

  9. 2010-02-24 House

    H Passed CoW

  10. 2010-02-24 House

    Amendment Failed

  11. 2010-02-24 House

    H Amendments Adopted

  12. 2010-02-24 House

    Amendment Adopted

  13. 2010-02-22 House

    H Placed on General File

  14. 2010-02-22 House

    H03 Recommended Do Pass

  15. 2010-02-17 House

    H Introduced and Referred to H03

  16. 2010-02-17 House

    H Received for Introduction

  17. 2010-02-16 Senate

    S Passed 3rd Reading

  18. 2010-02-15 Senate

    S Passed 2nd Reading

  19. 2010-02-12 Senate

    S Passed CoW

  20. 2010-02-12 Senate

    S Amendments Adopted

  21. 2010-02-12 Senate

    Amendment Adopted

  22. 2010-02-11 Senate

    S Placed on General File

  23. 2010-02-11 Senate

    S03 Recommended Amend and Do Pass

  24. 2010-02-09 Senate

    S Introduced and Referred to S03

  25. 2010-02-08 Senate

    S Received for Introduction

  26. 2010-01-14 LSO

    Bill Number Assigned

Official Summary Text

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

Bill No.:
SF0028
Drafter:

MQ

LSO No.:
10LSO-0129
Effective Date:

7/1/2010

Enrolled Act No.:
SEA0015

Chapter No.:
8

Prime Sponsor:
Senator
Martin

Catch Title:
State loan & investment board-loan
refinancing.

Subject:
Authorizes the
refinancing of state loan and investment board loans.

Summary/Major Elements:

Bill authorizes the state
loan and investment board, in its discretion, to refinance a loan made to
governmental agencies, the university of Wyoming or joint powers boards.

Bill language is the same as
the provision authorizing the refinancing of farm loan board loans.

Current Bill Text

Read the full stored bill text 
WORKING DRAFT

ORIGINAL SENATE

FILE

NO.
0028

ENROLLED ACT NO. 15, SENATE

SIXTIETH LEGISLATURE OF THE STATE OF
WYOMING
2010 BUDGET SESSION

AN ACT relating to
intergovernmental cooperation; authorizing the refinancing of state loan and investment board loans as specified;
and providing for an effective date.

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

Section 1.
W.S. 16
‑
1
‑
109 by creating a new subsection (e)
is amended to read:

16
‑
1
‑
109.

State loan and investment board loans; amount; interest; security; conditions.

(e)

The board, whenever it deems necessary for the better protection of permanent funds of the state invested in loans under this section, may refinance any delinquent loan and reamortize the loan over not more than thirty (30) years from the date of refinancing. All costs of refinancing the loan

shall be paid by the
borrowing entity and no loan shall be refinanced where it appears refinancing will jeopardize the collection of the loan. An additional fee of one percent (1%) of the amount of the reamortized loan shall be paid by the borrowing entity to the board to be credited to the loss reserve account created by W.S. 16
‑
1
‑
110 as provided by subsection (a) of this section.

Section 2.
This act is effective July 1, 2010.

(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