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HB0029 • 2017

Deposits by political subdivisions.

AN ACT relating to public funds; providing for the deposit of public funds by political subdivisions in institutions other than banks as specified; modifying a definition; 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
Corporations
Last action
2017-02-27
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.

HB0029HS001

Standing Committee • HCorporations

Adopted

Plain English: Adopted Standing Committee by HCorporations

  • 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. 2017-02-27 Senate

    S Did Not Consider for Introduction

  2. 2017-01-30 Senate

    S Received for Introduction

  3. 2017-01-26 House

    H 3rd Reading:Passed 55-3-2-0-0

  4. 2017-01-25 House

    H 2nd Reading:Passed

  5. 2017-01-24 House

    H COW:Passed

  6. 2017-01-20 House

    H Placed on General File

  7. 2017-01-20 House

    H07 - Corporations:Recommend Amend and Do Pass 7-2-0-0-0

  8. 2017-01-11 House

    H Introduced and Referred to H07 - Corporations

  9. 2017-01-09 House

    H Received for Introduction

  10. 2016-12-13 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
2017
STATE OF WYOMING
17LSO-0024
ENGROSSED
2.1

HOUSE BILL

NO.

HB0029

Deposits by political subdivisions.

Sponsored by:
Joint Corporations, Elections & Political Subdivisions Interim Committee

A BILL

for

AN ACT relating to public funds; providing for the deposit of public funds by political subdivisions in institutions other than banks as specified; modifying a definition; 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)
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 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,

with respect to the deposit of state funds,
"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.

As used in W.S. 9
‑
4
‑
801 through 9
‑
4
‑
818, with respect to the deposit of funds of political subdivisions, "bank" means any of the institutions
listed
in W.S. 9
‑
4
‑
817(
a) or, when not
otherwise practicable and
available within a ten (10) mile radius of the principle place of business of the political
subdivision, an institution approved by the board of deposits

and meeting all of the requirements of W.S. 9-4-801 through 9-4-818
.

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 within this state shall
, whenever practicable,
be deposited in:

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
HB0029