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

HB0117 • 2015

Spending policy reserve accounts.

AN ACT relating to administration of government; providing for the automatic transfer of funds from certain earnings on state investments as specified; and providing for an effective date.

Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor
Representative Throne
Last action
2015-03-02
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.

Bill History

  1. 2015-03-02 House

    H:DO PASS FAILED in Accordance with House Rule 5-4: 3-6-0-0-0

  2. 2015-02-09 House

    H No report prior to CoW Cutoff

  3. 2015-01-22 House

    H Introduced and Referred to H03 - Revenue

  4. 2015-01-16 House

    H Received for Introduction

  5. 2015-01-15 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
2015
STATE OF WYOMING
15LSO-0095
Numbered
3.1

HOUSE BILL

NO.

HB0117

Spending policy reserve accounts.

Sponsored by:
Representative(s) Throne, Byrd, Kirkbride and Madden and Senator(s) Esquibel, F., Rothfuss and Von Flatern

A BILL

for

AN ACT relating to administration of government; providing for the automatic transfer of funds from certain earnings on state investments as specified; and providing for an effective date.

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

Section 1
.

W.S. 9
‑
4
‑
719
(
b) and (f) is amended to read:

9
‑
4
‑
719
.

Investment earnings spending policy
‑
permanent funds.

(b)

There is created the permanent Wyoming mineral trust fund reserve account. The state treasurer shall
transfer
unobligated
funds from this account to the general fund as necessary to ensure that the spending policy amount specified in subsection (d) of this section is available for expenditure annually during each fiscal year. As soon as possible after the end of each of the fiscal years beginning on and after July 1, 2000, revenues in this account in excess of seventy
‑
five percent (75%) of the spending policy amount in subsection (d) of this section shall be credited to the permanent Wyoming mineral trust fund.

(f)

There is created the common school permanent fund reserve account. The state treasurer shall transfer
unobligated
funds from this account to the common school account within the permanent land income fund as necessary to ensure that the spending policy amount specified in subsection (h) of this section is available for expenditure annually during each fiscal year. As soon as possible after the end of each of the fiscal years beginning on and after July 1, 2000, revenues in this account in excess of seventy
‑
five percent (75%) of the spending policy amount shall be credited to the common school account within the permanent land fund.

Section
2
.

This act is effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.

(END)

1
HB0117