KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

Back to Wyoming

HB0144 • 2011

School district bonds.

AN ACT relating to public funds; removing the time limitation for the guarantee program for school district bonds; and providing for an effective date.

Education
Inactive

Wyoming marks this bill as inactive, which usually means it is no longer moving in the current session.

Sponsor
Representative Craft
Last action
2011-03-02
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.

HB0144HS001

Standing Committee • CRAFT

Adopted

Plain English: Adopted Standing Committee by CRAFT

  • 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. 2011-03-02 Senate

    S Committee Returned Bill Pursuant to SR 7-3(c)

  2. 2011-02-09 Senate

    S Rereferred to S09; No Report Prior to CoW Cutoff

  3. 2011-02-08 Senate

    S Introduced and Referred to S04

  4. 2011-02-08 Senate

    S Received for Introduction

  5. 2011-02-07 House

    H Passed 3rd Reading

  6. 2011-02-04 House

    H Passed 2nd Reading

  7. 2011-02-03 House

    H Passed CoW

  8. 2011-02-03 House

    H Amendments Adopted

  9. 2011-02-03 House

    Amendment Adopted

  10. 2011-02-01 House

    H Placed on General File

  11. 2011-02-01 House

    H04 Recommended Amend and Do Pass

  12. 2011-01-14 House

    H Introduced and Referred to H04

  13. 2011-01-14 House

    H Received for Introduction

  14. 2011-01-13 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
WORKING DRAFT
2011
STATE OF
WYOMING
11LSO-0371.E1

HOUSE BILL
NO.
HB0144

School district bonds.

Sponsored by:
Representative(s) Craft, Freeman, Loucks and Throne and Senator(s) Hastert and Von Flatern

A BILL

for

AN ACT relating to
public funds; removing the time limitation for the guarantee program for school district bonds;
and providing for an effective date.

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

Section 1.

W.S. 9
‑
4
‑
1001(a) and (c) is amended to read:

9
‑
4
‑
1001.

Guarantee program for school district bonds.

(a)

The state loan and investment board shall administer a school district bond guarantee program in accordance with this section and may promulgate rules to implement it. This program applies to bonds issued by school districts under W.S. 21-13-701

through 21-13-721
.

on or before November 1, 2001, only
.
The program is intended to benefit school districts by guaranteeing payment of bonded indebtedness of creditworthy districts by reducing the interest rate at which the bonds may be issued.

(c)

The board may determine to guarantee bonds under this section and may impose terms, conditions and limits on that guarantee as it finds, in its discretion, are necessary to protect state funds and ensure the viability of the program.
In addition, the board may guarantee the refunding of bonds issued on or before November 1, 2001, provided the refunding is not combined with any bonds issued after November 1, 2001.

A decision by the board not to guarantee bonds under this section is not subject to judicial review under the Wyoming Administrative Procedure Act
(W.S. 16
‑
3
‑
101 through 16
‑
3
‑
115).

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)

1
HB0144