The bill authorizes the state treasurer of Wyoming to invest in bonds issued by the Wyoming Community Development Authority, specifically for financing loans to first-time homebuyers at an interest rate not exceeding 3.5%. This investment is capped at a total of $60 million from the permanent Wyoming mineral trust fund reserve account. Additionally, the bill establishes a sunset provision, stating that this authorization will be repealed effective July 1, 2029.

To implement these changes, the bill amends existing statutes by inserting new language into W.S. 9-4-719, W.S. 9-4-831, and W.S. 9-7-107. The amendments include the creation of a new subsection in W.S. 9-4-831 that explicitly allows the state treasurer to invest in these bonds, as well as a new subsection in W.S. 9-7-107 detailing the investment parameters and the sunset date. The act is set to take effect on July 1, 2024.

Statutes affected:
Introduced: 9-4-719, 9-4-831, 9-7-107