This bill amends existing laws to authorize the state treasurer of Wyoming to invest in bonds issued by the Wyoming Community Development Authority (WCDA), specifically allowing for investments up to $60 million from the permanent Wyoming mineral trust fund reserve account. The new subsection (j) added to W.S. 9-7-107 specifies that the limitation on specific public purpose investments, which is currently set at one billion dollars, does not apply to these investments in WCDA bonds. Additionally, the bill updates W.S. 9-4-715 and W.S. 9-4-719 to include references to this new investment authority.

The bill also requires the state treasurer to provide an annual report on state funds invested for specific public purposes, ensuring transparency and accountability in the investment process. The effective date for this act is set for July 1, 2025. Overall, the legislation aims to enhance the state's ability to support community development initiatives through strategic investments in bonds while maintaining oversight and adherence to existing financial regulations.

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