This bill amends existing laws regarding the investment of public funds by authorizing the state treasurer to invest in bonds issued by the Wyoming Community Development Authority (WCDA). Specifically, it creates a new subsection (j) in W.S. 9-7-107, allowing the state treasurer to invest up to $60 million from the permanent Wyoming mineral trust fund reserve account in these bonds. Additionally, it clarifies that the limitations on specific public purpose investments under W.S. 9-4-715(n) do not apply to these investments, thereby expanding the scope of permissible investments for the state treasurer.

The bill also makes amendments to W.S. 9-4-715 and W.S. 9-4-719, which include the insertion of references to the new subsection (j) in the context of permissible investments and the investment earnings spending policy for permanent funds. The effective date for this act is set for July 1, 2025. Overall, the legislation aims to enhance investment opportunities for public funds while supporting community development initiatives in Wyoming.

Statutes affected:
Draft 25LSO-0018: 9-4-715, 9-4-719, 9-7-107