HB0101 Approved depositories for public funds.

Official Summary Text

Summary for LSO115

Bill No.:
HB0101
Effective
:
7/1/2016

LSO No.:
16LSO-0368

Enrolled Act No.:
HEA No. 0001

Chapter No.:
[Chapter Number_RO]

Prime Sponsor:
Zwonitzer, Dn.

Catch Title:
Approved depositories for public funds.

Subject:

Summary/Major Elements:

Comm
ents:

The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill
.

Current Bill Text

Read the full stored bill text

2016
STATE OF WYOMING
16LSO-0368
Introduced
1.2

HOUSE BILL

NO.

HB0101

Approved depositories for public funds.

Sponsored by:
Representative(s) Zwonitzer, Dn., Kinner and Pelkey and Senator(s) Coe and Pappas

A BILL

for

AN ACT relating to public depositories; amending archaic provisions to conform with banking statutes; and providing for an effective date.

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

Section 1
.

W.S. 9
‑
4
‑
803(
a) and 9
‑
4
‑
817(a)
(intro)
and (b)(intro)
are amended to read:

9
‑
4
‑
803
.

Deposit of state money in approved depositories; authority of treasurer; rulemaking.

(a)

The state treasurer may deposit any portion of the public monies in his possession in
national banks within this state or in any state banks incorporated under the laws of and doing business in this state, as have
any

bank
chartered under the laws of the United States or under the law of any state if the bank is conducting business in Wyoming and has
been approved under W.S. 9
‑
4
‑
801 through 9
‑
4
‑
818 by the board of deposits. As used in W.S. 9
‑
4
‑
801 through 9
‑
4
‑
818, "bank" includes federal and state savings and loan associations. Federal and state savings and loan associations may be designated as depositories for state funds in the same manner as state and national banks.

9
‑
4
‑
817
.

Deposits by political subdivisions; selected institutions; security; withdrawals.

(a)

To the extent they are not otherwise invested, the monies collected and held by a treasurer of a political subdivision, municipality or special district withi
n this state shall be deposited

in
:

banks
which
qualify as depositories for public monies
as
specified in W.S. 9
‑
4
‑
803(
a)
.

(b)

In depositing the monies in the financial institutions
enumerated in
authorized by
subsection (a) of this section, the treasurer shall select the institution:

Section
2
.

W.S. 9
‑
4
‑
817(
a)(i) through (iv) is repealed.

Section 3
.

This act is effective
immediately upon completion of all acts nec

essary for a bill to become law as provided by Article 4, Section 8 of the Wyo

ming Constitution.

(END)

1
HB0101

Approved depositories for public funds.

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Official Summary Text

Current Bill Text