State fair endowment.

ORIGINAL
House
ENGROSSED
Bill No
.
HB0130

ENROLLED ACT NO. 64,

HOUSE OF REPRESENTATIVES

SIXTY-FOURTH LEGISLATURE OF THE STATE OF WYOMING
2018 Budget Session

AN ACT relating to the state fair; creating the state fair endowment account to be administered by the state treasurer; authorizing distribution of investment earnings as specified; amending provisions for the establishment of fees; providing for the distribution of fee revenue as specified; providing appropriations; removing restrictions on the use of state fairgrounds; and providing for an effective date.

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

Section 1
.

W.S. 11
‑
10
‑
118 is created to read:

11
‑
10
‑
118
.

State fair endowment account; administration; distributions; purposes.

(a)

The state fair

endowment account is created. The state treasurer is authorized to accept cash gifts for the account. Funds within the account including all funds deposited to the account from any source are intended to be inviolate and constitute a permanent or perpetual trust fund. The state treasurer shall invest funds within the endowment account in accordance with law. Seventy
‑
five percent (75%) of investment earnings shall be credited to the endowment account. Twenty
‑
five percent (25%) of investment earnings shall be distributed in accordance with subsection (b) of this section.

(
b)

The state treasurer shall distribute twenty
‑
five (25%) percent of investment earnings from the state fair endowment account to the Wyoming state fair account quarterly.

Section 2
.

W.S. 11
‑
10
‑
106 and 11
‑
10
‑
107 are amended to read:

11
‑
10
‑
106
.

Admission charges; other revenues.

(a)

There shall be charged at the gates of the fairground an admission fee to be set by the board. An extra charge may be made for seats in the grandstand or other structure providing added comforts. The charge for vehicles driven or stock ridden into the grounds may be fixed by the board. All fees collected shall be deposited in the Wyoming state fair account
, except fees directed by law to the state fair endowment account
.

(b)

The department of agriculture may receive any money or property of any kind or character donated, granted or bequeathed for any activities of the state fair. Monies shall be credited to the
Wyoming
state fair account
except as otherwise provided by W.S. 11
‑
10
‑
107 and 11
‑
10
‑
118
. The department shall include within its biennial budget request submitted under W.S. 9
‑
2
‑
1013 a report itemizing all gifts, income and expenditures under this subsection
, W.S. 11
‑
10
‑
107 and 11
‑
10
‑
118
for each of the immediately preceding two (2) fiscal years.

11
‑
10
‑
107
.

Power of board to acquire land; authority to make rules and regulations; renting and use of fairgrounds; fees; gambling and liquor prohibited.

(a)

The board may acquire by donation or lease in the name of the state any lands necessary for conducting the state fair, and may make all rules and regulations necessary for the conduct and government of the exhibitions, the sale of privileges, and the proper control, operation and conduct of the state fair not inconsistent with the constitution and laws of this state.

(b)

The board may rent out or donate the use of the state fairgrounds for stabling and training stock and holding stock sales. The grounds may be used free of charge for encampment grounds for the state militia under the direction of the adjutant general of the state. The board may permit the grounds and facilities to be used for other purposes and may charge fees as it deems necessary to pay the expenses of maintaining the grounds and facilities.

The board shall not permit any gambling device of any nature to be operated on the grounds, or permit any unlawful betting, or permit any intoxicating liquors to be sold thereon except as provided by W.S. 12
‑
4
‑
505

One percent (1%) of any revenue generated under this subsection shall be distributed to the state fair endowment account and the remainder of any revenue generated under this subsection shall be distributed to the Wyoming state fair account
.

Section 3.

(a)

There is appropriated one hundred thousand dollars ($100,000.00) from the general fund to the state fair endowment account created in W.S. 11
‑
10
‑
118(a).

(b)

There is appropriated one hundred thousand dollars ($100,000.00) from the general fund to the state treasurer's office for the purpose of matching cash gifts received by the department of agriculture and deposited to the state fair endowment account created in W.S. 11
‑
10
‑
118(a). The state treasurer shall transfer the appropriation to the state fair endowment account only upon certification by the department of agriculture that the appropriation has been fully matched. This appropriation shall not be transferred or expended for any other purpose and any unexpended, unobligated funds remaining from this
appropriation shall revert as provided by law on June 30, 2020.

Section 4
.

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)

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

1