HB0059 • 2017

Higher education fiscal procedure amendments.

AN ACT relating to education; amending specified higher education fiscal procedures; providing for submittal of an exception budget request for health insurance funding as specified; providing that state matching funds for specified higher education endowment accounts shall only be made available to the extent contributions are actually received by the higher education institution; and providing for an effective date.

Budget Education

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Appropriations
Last action: 2017-02-14
Official status: enrolled
Effective date: 7/1/2017

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2017-02-14 Governor
Governor Signed HEA No. 0010
2017-02-14 LSO
Assigned Chapter Number
2017-02-10 Senate
S President Signed HEA No. 0010
2017-02-10 House
H Speaker Signed HEA No. 0010
2017-02-09 LSO
Assigned Number HEA No. 0010
2017-02-09 Senate
S 3rd Reading:Passed 30-0-0-0-0
2017-02-08 Senate
S 2nd Reading:Passed
2017-02-07 Senate
S COW:Passed
2017-02-07 Senate
S Placed on General File
2017-02-07 Senate
S02 - Appropriations:Recommend Do Pass 5-0-0-0-0
2017-01-31 Senate
S Introduced and Referred to S02 - Appropriations
2017-01-23 Senate
S Received for Introduction
2017-01-20 House
H 3rd Reading:Passed 58-1-1-0-0
2017-01-19 House
H 2nd Reading:Passed
2017-01-18 House
H COW:Passed
2017-01-17 House
H Placed on General File
2017-01-17 House
H02 - Appropriations:Recommend Do Pass 7-0-0-0-0
2017-01-11 House
H Introduced and Referred to H02 - Appropriations
2017-01-09 House
H Received for Introduction
2016-12-28 LSO
Bill Number Assigned

Official Summary Text

Bill Summary
Bill No.:
HB0059
Effective
:
7/1/2017

LSO No.:
17LSO-0208

Enrolled Act No.:
HEA No. 0010

Chapter No.:
10

Prime Sponsor:
Joint Appropriations Committee

Catch Title:
Higher education fiscal procedure amendments.

Subject:
Codification of prior budget bill provisions related to higher e
ducation.

Summary/Major Elements:

Prior to the 2017 General Session, provisions
of
previously enacted General Appropriations Bills required certain actions by the University of Wyoming and community colleges. This bill places those provisions into the Wyoming
Stat
utes.

This act r
equires that matching funds will only be available for expenditure to the extent that funds or gifts are
actually
received
(versus pledged)
for the benefit of the University Athletics Challenge Account, the University
Endowment
C
hallenge Fund Matching Fund
, the Community College
En
dowment Challenge Fund Matching Fund, and the
University Academic Facilities Challenge Account
.

The act r
equire
s the Community College Commission to submit an exception request for health insurance funding for any benefitted position created during the preceding fiscal year at the colleges in the budget request for the subsequent fiscal year.

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

ORIGINAL
House
Bill No
.
HB0059

ENROLLED ACT NO. 10,

HOUSE OF REPRESENTATIVES

SIXTY-FOURTH LEGISLATURE OF THE STATE OF WYOMING
2017 General Session

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

Section 1
.

W.S. 21
‑
16
‑
904(
a)(ii), 21
‑
16
‑
1003(a)(ii), 21
‑
16
‑
1104(a),
21
‑
16
‑
1403(a)(ii)
and 21
‑
18
‑
203 by creating a subsection (f)
are amended to read:

21
‑
16
‑
904
.

Endowment challenge fund matching fund program; matching payments; agreements with university foundation; annual reports; reversions of appropriations; legislative oversight.

(a)

The state treasurer shall administer the matching fund program established under this section. The following shall apply to the program:

(ii)

The state treasurer shall make transfers to the university under this section not later than the end of the calendar quarter following the quarter during which the gift is received.
Matching funds shall only be available for expenditure to the extent cash or cash equivalent contributions are actually received by the University of Wyoming.
Where a gift is made through a series of payments or transfers, except as provided in paragraph (ix) of this subsection, no matching funds shall be transferred by the state treasurer until the total value of all payments or transfers actually received toward the gift totals at least
fifty thousand dollars ($50,000.00). Thereafter, matching funds shall be transferred as payments or transfers toward that gift are received by the foundation. Nothing in this paragraph prohibits the university foundation from accumulating substantial endowment gifts until such time as state matching funds become available;

21
‑
16
‑
1003
.

Athletics challenge matching program; state treasurer to administer program account; matching payments; conditions; annual reports; reversion of appropriations.

(a)

The state treasurer shall administer the university athletics challenge account established under this article. The following shall apply:

(ii)

The state treasurer shall make transfers to the university under this section not later than the end of the calendar quarter following the quarter during which the qualifying contribution is received.
Matching funds shall only be available for expenditure to the extent cash or cash equivalent contributions are actually received by the University of Wyoming.
If a qualifying contribution is made through a series of payments or transfers, no matching funds shall be transferred by the state treasurer until the total value of all payments or transfers actually received toward the contribution totals at least twenty
‑
five thousand dollars ($25,000.00). Thereafter, matching funds shall be transferred as payments or transfers toward that qualifying contribution are received by the foundation;

21
‑
16
‑
1104
.

Endowment challenge fund matching program; matching payments; agreements with foundations; annual reports.

(a)

To the extent funds are available in the separate account of any community college within the endowment challenge
fund,
the state treasurer shall match endowment gifts actually received by that community college's foundation. Except as provided in subsection (k) of this section, a match shall be paid under this subsection by the state treasurer at the time any accumulated amounts actually received by a community college foundation total ten thousand dollars ($10,000.00) or more.
Matching funds shall only be available for expenditure to the extent cash or cash equivalent contributions are actually received by the community college.
Endowment gifts actually received by a community college foundation may also be accumulated until such time as state matching funds become available. The match shall be made by transferring from the separate challenge fund account to the appropriate community college an amount equal to the amount accumulated by its foundation. The recipient community college shall immediately transfer matching funds received under this subsection to the community college foundation.

21
‑
16
‑
1403
.

Academic facilities challenge matching program; state treasurer to administer program account; matching payments; conditions; annual reports; reversion of appropriations.

(a)

The state treasurer shall administer the university academic facilities challenge account established under this article. The following shall apply:

(ii)

The state treasurer shall make transfers to the university under this section not later than the end of the calendar quarter following the quarter during which the qualifying contribution is received.
Matching funds shall only be available for expenditure to the extent cash or
cash equivalent contributions are actually received by the University of Wyoming.
If a qualifying contribution is made through a series of payments or transfers, no matching funds shall be transferred by the state treasurer until the total value of all payments or transfers actually received toward the contribution totals at least twenty
‑
five thousand dollars ($25,000.00). Thereafter, matching funds shall be transferred as payments or transfers toward that qualifying contribution are received by the foundation;

21
‑
18
‑
203
.

Budget procedure.

(f)

In preparing the estimates under W.S. 9
‑
3
‑
210(c), the community college commission shall submit an exception budget request for health insurance funding needs related to the addition of any benefitted positions created during the preceding fiscal year at the colleges in the commission's budget request for the subsequent fiscal year.

Section

2
.

This
act is effective July 1,
201
7
.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the
House
.

Chief Clerk