Bill > HB0067

This bill requires the Wyoming state treasurer to invest up to $60 million from the permanent Wyoming mineral trust fund (PWMTF) in bonds issued by the Wyoming Community Development Authority (WCDA) to finance mortgage loans for veterans and first-time homebuyers. These bonds will offer mortgage rates that are 2% lower than the current market rates. The investment is exempt from the state's usual $1 billion limit on specific public purpose investments. The provision has a sunset date of July 1, 2028, meaning the investment authorization will automatically expire on that date, and the state treasurer will no longer be required to make these investments after that point. The bill will become effective on July 1, 2025, giving the state treasurer time to prepare for implementing the new investment strategy. The primary goal appears to be making homeownership more affordable for veterans and first-time homebuyers by using state mineral trust fund resources to subsidize mortgage rates.

Corporations, Elections and Political Subdivisions (Joint)

https://www.wyoleg.gov/Legislation/2025/HB0067