SF0154 • 2023

Energy authority project financing-refineries.

AN ACT relating to the Wyoming energy authority; amending the purposes of the Wyoming energy authority to include the construction and expansion of oil and gas refineries in Wyoming; specifying that the energy authority may finance refinery projects in Wyoming as specified; and providing for an effective date.

Energy Land Taxes

Enacted

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

Sponsor: Senator Cooper
Last action: 2023-03-02
Official status: enrolled
Effective date: 3/2/2023

Plain English Breakdown

The official bill text does not provide specific details on bond issuance requirements beyond mentioning $3 billion in total bonding authority.

Wyoming Energy Authority Act for Refineries

This act allows the Wyoming Energy Authority to support and finance oil and gas refineries, expanding its mission to include these facilities.

What This Bill Does

Adds building and expanding oil and gas refineries as a goal of the Wyoming Energy Authority.
Gives the authority permission to issue bonds up to $3 billion for refinery projects in Wyoming.

Who It Names or Affects

The Wyoming Energy Authority
Oil and gas companies in Wyoming

Terms To Know

Wyoming Energy Authority: A state agency that works to improve the energy industry in Wyoming.
Revenue bonds: Bonds issued by a government entity, where the repayment comes from revenue generated by projects funded with these bonds.

Limits and Unknowns

The act does not specify how much funding will be allocated to refineries.
It is unclear what specific security measures must be in place for bond issuance.

Amendments

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

SF0154HW001

Committee of the Whole • Representative Larson, JT

Corrected, Adopted

Plain English: The amendment removes specific sections of the bill related to the Wyoming energy authority's purposes and financing for oil and gas refineries.

Removes references to certain sections (37-5-602(b) and 37-5-603(a)) that were previously part of the bill.
Deletes entire paragraphs on pages 2, 3, and 4 that specified how the energy authority would finance refinery projects.

The exact impact of these deletions is not fully explained in the amendment text provided.

SF0154S2001

2nd reading • Senator Ellis

Adopted

Plain English: The amendment updates the Wyoming energy authority's purposes to include financing for oil and gas refineries, adds specific language about mineral processing facilities, and provides security measures for bonds issued by the authority.

Adds new language after '(xi)' to list additional items without removing existing ones.
Inserts 'and 37-5-603(a)' after '(o)' to reference a specific section in the bill.
Includes text about developing, constructing, and operating mineral processing facilities between 'expand the' and 'through'.
Adds new provisions for securing bonds issued by the authority with revenues from operations or mortgages on facilities.

The amendment's technical legal language may be difficult to fully understand without additional context.
Specific impacts of these changes are not detailed in the provided text.

SF0154S2002

2nd reading • Senator Cooper

Adopted

Plain English: The amendment changes what the Wyoming energy authority can do with its money, allowing it to finance oil and gas refineries in Wyoming.

Adds new powers for the Wyoming energy authority to issue bonds up to $3 billion to fund projects like pipelines, transportation systems, and mineral processing facilities within Wyoming.
Specifies that these funds can also be used to purchase capacity in pipeline or other transportation projects.

The exact details of how the authority will manage and distribute the $3 billion are not provided in this amendment text.

SF0154SS001

Standing Committee • Senate Minerals, Business and Economic Development

Adopted

Plain English: The amendment adds new provisions to allow the Wyoming energy authority to issue bonds for financing pipeline and transportation projects related to oil and gas refineries.

Adds a new subsection (b) in W.S. 37-5-602, allowing the Wyoming energy authority to issue bonds up to $3 billion for various infrastructure projects including pipelines and transportation facilities.
Specifies that these bonds can be used to purchase capacity from pipeline companies.

The exact details of how the bonds will be issued and managed are not provided in this amendment text.

Bill History

2023-03-02 LSO
Assigned Chapter Number 147
2023-03-02 Governor
Governor Signed SEA No. 0073
2023-02-28 House
H Speaker Signed SEA No. 0073
2023-02-28 Senate
S President Signed SEA No. 0073
2023-02-28 LSO
Assigned Number SEA No. 0073
2023-02-28 Senate
S Concur:Passed 17-14-0-0-0
2023-02-24 Senate
S Received for Concurrence
2023-02-24 House
H 3rd Reading:Passed 60-2-0-0-0
2023-02-23 House
H 2nd Reading:Passed
2023-02-22 House
H COW:Passed
2023-02-15 House
H Placed on General File
2023-02-15 House
H09 - Minerals:Recommend Do Pass 9-0-0-0-0
2023-02-13 House
H Introduced and Referred to H09 - Minerals
2023-02-02 House
H Received for Introduction
2023-02-02 Senate
S 3rd Reading:Passed 30-1-0-0-0
2023-02-01 Senate
S 2nd Reading:Passed
2023-01-31 Senate
S COW:Passed
2023-01-30 Senate
S Placed on General File
2023-01-30 Senate
S09 - Minerals:Recommend Amend and Do Pass 5-0-0-0-0
2023-01-24 Senate
S Introduced and Referred to S09 - Minerals
2023-01-24 Senate
S Received for Introduction
2023-01-21 LSO
Bill Number Assigned

Official Summary Text

Bill Summary - 23LSO-0683
Bill No.:

SF0154

Effective:

Immediately

LSO No.:

23LSO-0683

Enrolled Act No.:

SEA No. 0073

Chapter No.:

147

Prime Sponsor:

Cooper

Catch Title:

Energy authority project financing-refineries.

Subject:

Including oil and gas refineries and mineral processing facilities in the purposes and bonding authority of the Wyoming Energy Authority.

Summary/Major Elements:

The Wyoming Energy Authority is a state instrumentality created to diversify and expand the Wyoming economy through improvement in the state's energy industries.

This act provides that one of the purposes of the Wyoming Energy Authority is to support efforts to maintain and expand the mineral industry and the oil-and-gas industry in Wyoming through the development of mineral processing and concentration facilities and oil-and-gas refineries.

Under current law, the Wyoming Energy Authority is authorized to issue and have outstanding bonds not to exceed $3 billion for energy transmission, pipeline and other projects. This act provides that the Energy Authority may issue and have outstanding bonds under its existing bonding authority to finance the construction or expansion by other parties of oil-and-gas refineries in Wyoming.

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

23LSO-0683

ORIGINAL Senate

ENGROSSED
File No
.
SF0154

ENROLLED ACT NO. 73,

SENATE

SIXTY-SEVENTH LEGISLATURE OF THE STATE OF WYOMING
2023 General Session

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

Section 1
.

W.S. 37
‑
5
‑
503(a) by creating a new paragraph (xi) and 37
‑
5
‑
602 by creating a new subsection (o) are amended to read:

37
‑
5
‑
503.

Purposes; report.

(a)

The authority is created to:

(xi)

Support efforts to maintain and expand the mineral industry and the oil and gas industry in Wyoming through the development, construction and operation of mineral processing and concentration facilities and through constructing and facilitating the construction of oil and gas refineries and the expansion of existing oil and gas refineries in Wyoming.

37
‑
5
‑
602.

Authority revenue bonds; issuance; amount.

(o)

Subject to subsection (b) of this section and consistent with the purposes of W.S. 37
‑
5
‑
503(a), the authority may issue and have outstanding bonds to finance the construction or expansion of oil and gas refineries in Wyoming.

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)

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