HB0067 Wyoming Community Development Authority-bond investment. |…

Plain English Breakdown

The bill did not pass and was not considered for introduction in the House.

Wyoming Community Development Authority Bond Investment Act

The bill requires the state treasurer to invest up to $60 million from the permanent Wyoming mineral trust fund in bonds issued by the Wyoming Community Development Authority for mortgage loans to veterans and first-time homebuyers, with a sunset date of July 1, 2028.

What This Bill Does

Requires the state treasurer to invest up to $60 million in specific bonds from the permanent Wyoming mineral trust fund.

Limits these investments to bonds issued by the Wyoming Community Development Authority for mortgage loans at rates two percent below market rates.

Exempts these bond investments from other investment limits set by law.

Who It Names or Affects

The state treasurer

Veterans and first-time homebuyers in Wyoming

Terms To Know

Permanent Wyoming Mineral Trust Fund

A fund that holds money from mineral leases to be used for specific purposes.

Sunset Date

The date when a law or program ends and is no longer in effect.

Limits and Unknowns

This bill did not pass during the session.

It only applies until July 1, 2028, after which it will be repealed.

Current Bill Text

Read the full stored bill text

25LSO-0018
2025
STATE OF WYOMING
25LSO-0018
Numbered
2.0

HOUSE BILL NO. HB0067

Wyoming Community Development Authority-bond investment.

Sponsored by: Joint Corporations, Elections & Political Subdivisions Interim Committee

A BILL

for

AN ACT relating to investment of public funds; requiring the state treasurer to invest in Wyoming community development authority bonds as specified; providing a sunset date; and providing for an effective date.

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

Section 1
.

W.S. 9
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4
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715(n)(intro) and 9
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7
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107 by creating a new subsection (j) are amended to read:

9
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4
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715.

Permissible investments.

(n)

The state treasurer shall not invest state funds for a specific public purpose authorized or directed by the legislature in excess of a total of one billion dollars ($1,000,000,000.00), excluding investments made pursuant to W.S.
9
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7
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107(j),
37
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5
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406 or 37
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5
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605. By November 1 of each calendar year, the state treasurer, in consultation with the board, the Wyoming water development office, the Wyoming business council and the office of state lands and investments, shall provide a report to the select committee on capital financing and investments and the investment funds committee on all state funds invested for a specific public purpose authorized or directed by the legislature. The report shall include:

9
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7
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107.

Community development authority; revenue bonds; issuance.

(j)

The state treasurer shall invest and keep invested a sum not to exceed sixty million dollars ($60,000,000.00), from any monies available in the permanent Wyoming mineral trust fund, in bonds issued by the authority pursuant to W.S. 9
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7
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106(a)(vi) to finance mortgage loans to veterans and first time homebuyers at a rate that is two percent (2%) below the available mortgage rate. The limitation on specific public purpose investments under W.S. 9
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4
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715(n) shall not apply to investments made under this subsection. This subsection is repealed July 1, 2028.

Section 2.

This act is effective July 1, 2025
.

(END)

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HB0067