The bill amends existing laws regarding the investment of public funds by the state treasurer, specifically focusing on investments in Wyoming community development authority bonds. It establishes that the state treasurer shall invest up to sixty million dollars from the permanent Wyoming mineral trust fund in bonds issued by the authority to finance mortgage loans for veterans and first-time homebuyers at a rate two percent below the available mortgage rate. Notably, this investment is exempt from the existing limitation on specific public purpose investments, which caps such investments at one billion dollars. Additionally, the new provision will sunset on July 1, 2028.

The bill also mandates that the state treasurer, in consultation with various state entities, provide an annual report to the select committee on capital financing and investments regarding all state funds invested for specific public purposes. This report is intended to enhance transparency and oversight of public fund investments. The act is set to take effect on July 1, 2025.

Statutes affected:
Introduced: 9-4-715, 9-7-107