summary
Introduced
01/24/2023
01/24/2023
In Committee
02/21/2023
02/21/2023
Crossed Over
02/08/2023
02/08/2023
Passed
03/01/2023
03/01/2023
Dead
03/03/2023
03/03/2023
Introduced Session
Potential new amendment
2023 General Session
Bill Summary
AN ACT relating to school finance; authorizing the investment of the school foundation program reserve account in equities; amending the deposit of investment earnings into the account; and providing for an effective date.
AI Summary
This bill authorizes the investment of the school foundation program reserve account in equities, including stocks of corporations. It also amends the deposit of investment earnings from the account, specifying that all investment earnings shall be credited to the account rather than the general fund. The state treasurer or their designee, who must be registered under the Investment Advisor's Act of 1940 if required, will be responsible for investing the funds in accordance with specified investment policies. The bill aims to preserve the balance of the account and achieve the highest possible risk-adjusted total net return consistent with an appropriate level of safety and liquidity.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Appropriations (J)
Last Action
postponed indefinitely (on 03/03/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.wyoleg.gov/Legislation/2023/HB0208 |
| Senator Scott | https://wyoleg.gov/2023/Amends/HB0208S2002.pdf |
| Senator Gierau | https://wyoleg.gov/2023/Amends/HB0208S2001.pdf |
| BillText | https://www.wyoleg.gov/2023/Introduced/HB0208.pdf |
| Fiscal Note | https://www.wyoleg.gov/2023/Fiscal/HB0208.pdf |
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