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Additionally, the bill includes a sunset provision, stating that the new subsection regarding these investments will be repealed on July 1, 2028. The act is set to take effect on July 1, 2025, and mandates that the state treasurer provide an annual report on all state funds invested for specific public purposes to relevant committees.

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