HB0262 • 2017

Penitentiary savings fund.

AN ACT relating to the Wyoming state penitentiary; creating the Wyoming state penitentiary capital construction account within the strategic investments and projects account; directing funds to the account as specified; and providing for an effective date.

Budget

Enacted

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

Sponsor: Representative Harshman
Last action: 2017-02-21
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.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

HB0262H3001

3rd reading • Harshman

Adopted

Plain English: Adopted 3rd reading by Harshman

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.

HB0262H3002

3rd reading • Connolly

Withdrawn

Plain English: Withdrawn 3rd reading by Connolly

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.

HB0262H3003

3rd reading • Gray

Failed

Plain English: Failed 3rd reading by Gray

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

2017-02-21 Governor
Governor Signed HEA No. 0019
2017-02-21 LSO
Assigned Chapter Number
2017-02-15 Senate
S President Signed HEA No. 0019
2017-02-14 House
H Speaker Signed HEA No. 0019
2017-02-13 LSO
Assigned Number HEA No. 0019
2017-02-13 Senate
S 3rd Reading:Passed 27-2-1-0-0
2017-02-10 Senate
S 2nd Reading:Passed
2017-02-09 Senate
S COW:Passed
2017-02-09 Senate
S Placed on General File
2017-02-09 Senate
S02 - Appropriations:Recommend Do Pass 5-0-0-0-0
2017-02-06 Senate
S Introduced and Referred to S02 - Appropriations
2017-02-06 Senate
S Received for Introduction
2017-02-03 House
H 3rd Reading:Passed 42-17-1-0-0
2017-02-03 House
H 3rd Reading:Bill Laid Back Motion Failed by Roll Call 40-18-2-0-0
2017-02-02 House
H 2nd Reading:Passed
2017-02-01 House
H COW:Passed
2017-01-31 House
H Placed on General File
2017-01-31 House
H02 - Appropriations:Recommend Do Pass 7-0-0-0-0
2017-01-30 House
H Introduced and Referred to H02 - Appropriations
2017-01-30 House
H Received for Introduction
2017-01-27 LSO
Bill Number Assigned

Official Summary Text

Bill Summary
Bill No.:
HB0262
Effective
:
7/1/2017

LSO No.:
17LSO-0632

Enrolled Act No.:
HEA No. 0019

Chapter No.:
28

Prime Sponsor:
Harshman

Catch Title:
Penitentiary savings fund.

Subject:
Providing SIPA Funds for a Penitentiary Savings Account.

Summary/Major Elements:

Creates the Penitentiary Savings Fund in the Strategic Investments and Projects Account (SIPA). Starting June 30, 2019
,
for FY 2019 and each June 30 thereafter, there is deposited one-half of the funds in the SIPA into the
Penitentiary Savings Fund
.

The deposit of monies into the Penitentiary Savings Fund under this act will cease when the balance of the Penitentiary Savings Fund exceeds $250,000,000.

There has been approximately $8
3
,000,000 of capital gains on the corpus of
the
Permanent Wyoming Mineral Trust Fund deposited into the SIPA in
each
fiscal year pursuant to W.S. 9-4-719(q)(i).

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
.
HB0262

ENROLLED ACT NO. 19,

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. 9
‑
4
‑
220.1 is created to read:

9
‑
4
‑
220
.1

Wyoming
state penitentiary capital construction account;
funds deposited to the account.

(a)

There is created the Wyoming state penitentiary capital construction account within the strategic investments
and
project
s
account
created by W.S. 9
‑
4
‑
220
. Funds in the account shall only be expended upon legislative appropriation.
All funds within the account shall be invested by the state treasurer and all investment earnings from the account shall be credited to the general fund
.

(b)

Beginning on
June

30
, 20
1
9
for fiscal year 20
19
and June 30 of each fiscal year as provided in this subsection
,
one-half (1/2) of the total fund balance
in the strategic investments
and
project
s
account,
at the end of
each fiscal year shall be deposited into the Wyoming state penitentiary capital construction account.
The state treasurer shall cease depositing funds into the
Wyoming state penitentiary capital construction account pursuant to this subsection when the balance of the account reaches or exceeds two hundred fifty million dollars ($250,000,000.00
)
.

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