HB0067 • 2025

Wyoming Community Development Authority-bond investment.

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.

Land

Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor: Corporations
Last action: 2025-02-03
Official status: inactive
Effective date: 3/1/2025

Plain English Breakdown

The bill did not pass during the session it was introduced.

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 into bonds issued by the Wyoming Community Development Authority for mortgage loans to veterans and first-time homebuyers at a discounted rate of two percent below market rates.

What This Bill Does

Requires the state treasurer to invest up to $60 million from the Permanent Wyoming Mineral Trust Fund into specific bonds.
Limits these investments to bonds issued by the Wyoming Community Development Authority for mortgage loans to veterans and first-time homebuyers at a discounted rate of two percent below market rates.
Exempts these bond investments from general limitations on public purpose investments.
Sets a sunset date for this provision, meaning it will no longer be in effect after July 1, 2028.

Who It Names or Affects

The state treasurer who must manage the investment of funds.
Veterans and first-time homebuyers receiving mortgage loans at discounted rates.
The Wyoming Community Development Authority issuing bonds for these loans.

Terms To Know

Permanent Wyoming Mineral Trust Fund: A fund that holds mineral revenues to be used for specific purposes, including investments and financial support.
Sunset Date: The date when a law or provision expires and is no longer in effect.

Limits and Unknowns

This bill did not pass during the session it was introduced.
It specifies that the requirement to invest in these bonds ends on July 1, 2028.
The exact impact on veterans and first-time homebuyers is uncertain without implementation.

Bill History

2025-02-03 House
H Did not Consider for Introduction
2025-01-02 House
H Received for Introduction
2024-12-20 LSO
Bill Number Assigned

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
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(END)

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HB0067