Wyoming task force on asset building for children.

WORKING DRAFT
2011
STATE OF
WYOMING
11LSO-0251

HOUSE BILL
NO.
HB0263

Wyoming
task force on asset building for children
.

Sponsored by:
Representative(s) Zwonitzer, Dn.

A BILL

for

AN ACT relating to children;
creating the
Wyoming
task force on asset building for children
; creating a
Wyoming
asset building
program account; providing
appropriation
s
;
and providing for an effective date.

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

Section 1
.

W.S. 14
‑
12
‑
101 and 14
‑
12
‑
102
are created to read:

CHAPTER 12
WYOMING
TASK FORCE ON
ASSET

BUILDING

14
‑
12
‑
101.

Wyoming

task force on asset building for children
; comp
osition; duties
.

(a)

There is created the
task force
on asset building for children
.

(b)

The task force shall be comprised of:

(i)

Two (2
) member
s of the senate
appointed by the president of the senate;

(ii)

Two (2
) member
s

of the house of representatives
appointed by the speaker of the house;

(iii
)

One (1) member from a private nonprofit
organization
dedicated to children's issues appointed by the
speaker of the house
;

(iv)

One
(1)
member from an organization dedicated to promoting financial literacy appointed by the president of the senate;

(v)

A staff member from the
state
treasurer's office appointed by the treasurer;

(vi)

A staff member from the department of education appointed by the superintendent of public education;

(vii)

A staff member from the department of family services appointed by the director of the
department of family services
;

(viii)

A staff member from the governor's office appointed by the governor.

(c)

The members of the task force shall
elect
a
legislative member as
chairman to preside over meetings.

(d)

The task force shall:

(i)

Study the feasibility of creating a statewide program to:

(A)

Encourage savings behavior in
children;

(B)

Increase the
financial literacy
of children
;

(C
)

Provide
children
with a financial asset
to be expended upon
:

(I)

P
ost secondary education
expenses
;

(II)

D
own
payments for
owner occupied residence
s
; or

(III)

A
ny other expenditure
recommended

by the task force and
authorized
by the legislature.

(D
)

Ensure a greater level of investment in children; and

(E
)

Improve the social and economic prospects of the children of
Wyoming
while increasing the economic and social
welfare
of the state as a whole.

(ii)

Periodically report its find
ings and recommendations to the joint labor, health and social services
interim committee;

(ii
i)

Reco
mmend to the joint labor, health and social services interim committee
statutory changes
or other changes
that may
be required to implement
recommendations
of the task force
.

(e)

Staff and support for the task force shal
l be provided by the
state
treasurer's office.
Members who are government employees or public officials shall be considered on official business of their agency when performing duties as members of the task force. Other
nonlegislative
members shall receive mileage and per diem in the same manner and amount as state legislators when performing duties.
Legislative members of the task force shall be paid
salary,
mileage and per diem as provided by W.S. 28
‑
5
‑
101.

(f
)

The task force shal
l terminate on December 31, 2015
.

14
‑
12
‑
102.

Wyoming
task force on asset building for children program account.

There is created the

asset building for children program
account. Funds in the account shall only be expended upon appropriation by the legislature to implement projects recommended by the task force and approved by the legislature. Notwithstanding any other provision of law, funds within the account shall not be transferred or expended for any other purpose. Notwithstand
ing W.S. 9
‑
2
‑
1008, 9
‑
2
‑
1012(e) and
9
‑
4
‑
207(a), funds within the account
shall not lapse or revert until
directed by

the legislature. Earnings on monies within the account shall be deposited to the account.

Section 2
.

(a)

There is appropriated fif
teen
thousand dollars
($
1
5,000.00)
from the general fund
to the legislative service office. This appropriation shall be for the period beginning with the effective date of t
his act and ending June 30, 2012
. This appropriation shall only be expended for the purpose of paying salary, per diem and mileage for legislative members of the task force. Notwithstanding any other provision of law, this appropriation shall not be transferred or expended for any other purpose. Funds appropriated under this subsection shal
l not revert until June 30, 2012
.

(b)

There is appropriated

ten
thousand dollars
($
1
0,000.00)

from the general fund to the state treasurer's office. This appropriation shall be for the period beginning with the effective date of this act and ending June 30, 2012. This appropriation shall only be expende
d for the purpose of paying
per diem and mileage for members of the task force
who are not legislators
and are not government employees or public officials
. Notwithstanding any other provision of law, this appropriation shall not be transferred or expended for any other purpose. Funds appropriated under this subsection shall not revert until June 30, 2012.

(c
)

T
hree million dollars ($3,000,000.00)
is appropriated
from the budget reserve account to the asset building for children program account created by this act.

Section 3.

This act is effective July 1, 2011.

(END)

1
HB0263