SF0059 • 2022

Game and fish fund-investments.

AN ACT relating to public funds; authorizing investment of the Wyoming game and fish fund as specified; making a conforming amendment; and providing for an effective date.

Budget

Enacted

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

Sponsor: Appropriations
Last action: 2022-03-08
Official status: enrolled
Effective date: 7/1/2022

Plain English Breakdown

The official source does not provide specific details on how much money will be designated for Pool A.

Wyoming Game and Fish Fund Investment Act

This law allows the Wyoming Game and Fish Commission to invest money from the Game and Fish Fund into a special investment account called Pool A, which can include stocks.

What This Bill Does

Allows the Wyoming Game and Fish Commission to designate any money within the Game and Fish Fund for investment in the Pool A Investment Account.
Says up to 70% of the funds invested in the Pool A Investment Account may be invested in equities, including stocks of corporations.

Who It Names or Affects

The Wyoming Game and Fish Commission
People who manage investments for the state of Wyoming

Terms To Know

Pool A Investment Account: A special account where money from the Game and Fish Fund can be invested.
Equities: Investments like stocks that represent ownership in a company.

Limits and Unknowns

The law does not specify how much money will go into Pool A.
It is unclear what specific rules govern the investment of funds in Pool A beyond this act.

Bill History

2022-03-08 LSO
Assigned Chapter Number 9
2022-03-08 Governor
Governor Signed SEA No. 0007
2022-03-04 House
H Speaker Signed SEA No. 0007
2022-03-04 Senate
S President Signed SEA No. 0007
2022-03-04 LSO
Assigned Number SEA No. 0007
2022-03-04 House
H 3rd Reading:Passed 55-0-5-0-0
2022-03-03 House
H 2nd Reading:Passed
2022-03-02 House
H COW:Passed
2022-02-25 House
H Placed on General File
2022-02-25 House
H02 - Appropriations:Recommend Do Pass 7-0-0-0-0
2022-02-23 House
H Introduced and Referred to H02 - Appropriations
2022-02-17 House
H Received for Introduction
2022-02-17 Senate
S 3rd Reading:Passed 30-0-0-0-0
2022-02-16 Senate
S 2nd Reading:Passed
2022-02-15 Senate
S COW:Passed
2022-02-15 Senate
S Placed on General File
2022-02-15 Senate
S02 - Appropriations:Recommend Do Pass 5-0-0-0-0
2022-02-14 Senate
S Introduced and Referred to S02 - Appropriations 30-0-0-0-0
2022-02-08 Senate
S Received for Introduction
2022-02-07 LSO
Bill Number Assigned

Official Summary Text

Bill Summary - 22LSO-0364
Bill No.:

SF0059

Effective:

7/1/2022 12:00:00 AM

LSO No.:

22LSO-0364

Enrolled Act No.:

SEA No. 0007

Chapter No.:

9

Prime Sponsor:

Joint Appropriations Committee

Catch Title:

Game and fish fund-investments.

Subject:

Pool
A
investment of Game and Fish Fund.

Summary/Major Elements:

The Game and Fish Fund is comprised of money received by the Wyoming Game and Fish Commission and the Wyoming Game and Fish Department.

Existing law authorizes the Trust Account within the Game and Fish Fund to be invested in the Pool
A
Investment Account.

Otherwise, the money within the Game Fish Fund is invested in the State Agency Pool.

This act authorizes the Game and Fish Commission to designate any money within the Game and Fish Fund to be invested in the Pool
A
Investment Account.

Up to 70% of the funds invested in the Pool
A
Investment Account may be invested in equities, including stocks of corporations.

The act clarifies that the Game and Fish Fund is comprised of all revenue received by the Wyoming Game and Fish Commission and Wyoming Game and Fish Department.

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

22LSO-0364

ORIGINAL Senate

File No
.
SF0059

ENROLLED ACT NO. 7,

SENATE

SIXTY-SIXTH LEGISLATURE OF THE STATE OF WYOMING
2022 Budget Session

AN ACT relating to public funds; authorizing investment of the Wyoming game and fish fund as specified; making a conforming amendment; and providing for an effective date.

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

Section 1.

W.S. 9
‑
4
‑
715(p)(v) and 23
‑
1
‑
501(b) are amended to read:

9
‑
4
‑
715.

Permissible investments.

(p)

There is created the pool A investment account.

The state treasurer, or his designee, which shall be registered under the Investment Advisor's Act of 1940 as amended if required to be registered by the terms of that act as amended, pursuant to subsections (c) and (d) of this section and after consultation with the state agency or agencies receiving or administering investment earnings from the monies invested in the pool A investment account, may invest monies comprising the pool A investment account in equities including stocks of corporations in accordance with subsections (a) and (c) through (e) of this section and W.S. 9
‑
4
‑
716. The state loan and investment board, in consultation with the state agency or agencies receiving or administering investment earnings from the monies invested in the pool A investment account, shall annually review the state investment policy statements for the investment pool created by this subsection as required under W.S. 9
‑
4
‑
716.

Monies in the following funds shall be invested in the pool A investment account:

(v)

The trust account within the Wyoming game and fish fund created by W.S. 23
‑
1
‑
501(f)
and any other monies designated by the Wyoming game and fish commission
for investment in the Pool A investment account from within the Wyoming game and fish fund created by W.S. 23
‑
1
‑
501
;

23
‑
1
‑
501.

Game and fish fund.

(b)

All
income
revenue
received by the commission or department shall be deposited in the state treasury and credited to the Wyoming game and fish fund.
Monies in the fund designated by the commission for investment in the Pool A investment account shall be invested pursuant to W.S. 9
‑
4
‑
715(p).

The commission may establish accounts within the fund to carry out the purposes of this act, in addition to those accounts established by law. The Wyoming game and fish fund shall be expended as the commission may direct to carry out the purposes of this act and for no other purpose, except that the legislature may appropriate so much thereof as necessary for expenses of any authorized legislative committee to study matters relating to the commission or department. Expenditures from the Wyoming game and fish fund shall be made only by warrant issued by the state auditor upon vouchers signed by the director and chief fiscal officer, or other persons designated by the commission to sign in their absence, substantiated and approved as provided by law.

Section 2
.

This act is effective July 1, 2022
.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the Senate.

Chief Clerk