Wyoming 2025 Regular Session

Wyoming Senate Bill SF0145 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	ORIGINAL SENATE ENGROSSED
2		-	FILE NO. SF0145
3		-	ENROLLED ACT NO. 56, SENATE
4		-	SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
5		-	2025 GENERAL SESSION
	1	+	2025
	2	+	STATE OF WYOMING
	3	+	25LSO-0720
	4	+	ENGROSSED
	5	+	1SF0145
	6	+	SENATE FILE NO. SF0145
	7	+	Local governments-investments in equities.
	8	+	Sponsored by: Senator(s) Nethercott, Cooper, Crum,
	9	+	Dockstader and Landen and Representative(s)
	10	+	Campbell, E, Kelly and Wylie
	11	+	A BILL
	12	+	for
	13	+	1 AN ACT relating to public funds; authorizing specified
	14	+	2 local governments to invest in equities as specified;
	15	+	3 specifying requirements for investments in equities;
	16	+	4 specifying applicability; authorizing actions; and
	17	+	5 providing for effective dates.
	18	+	6
	19	+	7
	20	+	8
	21	+	9. W.S. 9-4-831(a) by creating a new
	22	+	10 paragraph (xxix) is amended to read:
	23	+	11
	24	+	12
	25	+	13
	26	+	14 (a) The state treasurer, or treasurer of any
	27	+	15 political subdivision, municipality or special district of 2025STATE OF WYOMING25LSO-0720
	28	+	ENGROSSED
	29	+	2SF0145
	30	+	1 this state, and the various boards of trustees and boards
	31	+	2 of directors of county hospitals, airports, fairs and other
	32	+	3 duly constituted county boards and commissions, may invest
	33	+	4 in:
	34	+	5
	35	+	6
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	37	+	8
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	39	+	10
	40	+	11
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	42	+	13
	43	+	14
	44	+	15
	45	+	16
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	47	+	18
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	49	+	20
	50	+	21
	51	+	22
	52	+	23 2025STATE OF WYOMING25LSO-0720
	53	+	ENGROSSED
	54	+	3SF0145
6	55		1
7		-	AN ACT relating to public funds; authorizing specified
8		-	local governments to invest in equities as specified;
9		-	specifying requirements for investments in equities;
10		-	specifying applicability; authorizing actions; and
11		-	providing for effective dates.
12		-	Be It Enacted by the Legislature of the State of Wyoming:
13		-	Section 1. W.S. 9-4-831(a) by creating a new
14		-	paragraph (xxix) is amended to read:
15		-	9-4-831. Investment of public funds.
16		-	(a) The state treasurer, or treasurer of any
17		-	political subdivision, municipality or special district of
18		-	this state, and the various boards of trustees and boards
19		-	of directors of county hospitals, airports, fairs and other
20		-	duly constituted county boards and commissions, may invest
21		-	in:
22		-	(xxix) Equities, including stocks of
23		-	corporations. Investments made under this paragraph shall
24		-	comply with all provisions of investment policy statements
25		-	applicable to local government investing adopted by the
26		-	state loan and investment board. All risks associated with
27		-	the investment of equities under this paragraph shall be
28		-	assumed by the governmental entity making the investment. A
29		-	political subdivision shall establish an investment
30		-	advisory board to provide advice and expertise on
31		-	investments made under this paragraph. Investments made
32		-	under this paragraph shall not be subject to paragraph
33		-	(xxviii) of this subsection or W.S. 9-1-419. The state loan
34		-	and investment board shall adopt investment policy
35		-	statements for investments made by local governments and
36		-	political subdivisions under this paragraph. The board ORIGINAL SENATE ENGROSSED
37		-	FILE NO. SF0145
38		-	ENROLLED ACT NO. 56, SENATE
39		-	SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
40		-	2025 GENERAL SESSION
41	56		2
42		-	shall include in the investment policy statements
43		-	requirements and conditions comparable to the requirements
44		-	and conditions specified in W.S. 9-4-715 and 9-4-716 for
45		-	the investment of public funds. Nothing in this paragraph
46		-	shall be construed to limit or alter the state treasurer's
47		-	authority to invest state funds in equities in accordance
48		-	with law.
49		-	Section 2. No political subdivision specified in W.S.
50		-	9-4-831(a)(intro) shall make investments authorized in W.S.
51		-	9-4-831(a)(xxix), as created by section 1 of this act,
52		-	before the state loan and investment board adopts
53		-	applicable investment policy statements in accordance with
54		-	this act.
55		-	Section 3. The state treasurer and the state loan and
56		-	investment board shall take all actions necessary to
57		-	implement this act. ORIGINAL SENATE ENGROSSED
58		-	FILE NO. SF0145
59		-	ENROLLED ACT NO. 56, SENATE
60		-	SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
61		-	2025 GENERAL SESSION
62		-	3Section 4.
63		-	(a) Except as provided in subsection (b) of this
64		-	section, this act is effective immediately upon completion
65		-	of all acts necessary for a bill to become law as provided
66		-	by Article 4, Section 8 of the Wyoming Constitution.
67		-	(b) Section 1 of this act is effective July 1, 2025.
68		-	(END)
69		-	Speaker of the HousePresident of the SenateGovernorTIME APPROVED: _________DATE APPROVED: _________
70		-	I hereby certify that this act originated in the Senate.
71		-	Chief Clerk
	57	+	3
	58	+	4
	59	+	5. No political subdivision specified in W.S.
	60	+	6 9-4-831(a)(intro) shall make investments authorized in W.S.
	61	+	7 9-4-831(a)(xxix), as created by section 1 of this act,
	62	+	8 before the state loan and investment board adopts
	63	+	9 applicable investment policy statements in accordance with
	64	+	10 this act.
	65	+	11
	66	+	12. The state treasurer and the state loan and
	67	+	13 investment board shall take all actions necessary to
	68	+	14 implement this act.
	69	+	15 2025STATE OF WYOMING25LSO-0720
	70	+	ENGROSSED
	71	+	4SF01451.
	72	+	2
	73	+	3 (a) Except as provided in subsection (b) of this
	74	+	4 section, this act is effective immediately upon completion
	75	+	5 of all acts necessary for a bill to become law as provided
	76	+	6 by Article 4, Section 8 of the Wyoming Constitution.
	77	+	7
	78	+	8 (b) Section 1 of this act is effective July 1, 2025.
	79	+	9
	80	+	10 (END)