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 limitation on specific public purpose investments under W.S. 9-4-715(n) does not apply to these investments, thereby facilitating greater flexibility in funding community development initiatives.

The bill also updates W.S. 9-4-715 and W.S. 9-4-719 to include references to the new subsection (j) regarding the investment in WCDA bonds. It mandates that the state treasurer report annually on all state funds invested for specific public purposes authorized by the legislature. The effective date for this act is set for July 1, 2025.

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