SF0145

Signed into Law

Local governments-investments in equities.

Allow specified local governments to invest public funds in equities under designated requirements and conditions.

Full legal title

AN ACT relating to public funds; authorizing specified local governments to invest in equities as specified; specifying requirements for investments in equities; specifying applicability; authorizing actions; and providing for effective dates.

Budget

Sponsor:

Co-sponsors: Representative(s) Campbell, E, Kelly, Wylie, Senator(s) Cooper, Crum, Dockstader, Landen

View on wyoleg.gov Introduced Text (PDF)Digest (PDF)Engrossed (PDF)Enrolled Act (PDF)Fiscal Note (PDF)

What does this bill do?

Authorizes local governments to invest public funds in equities subject to state loan and investment board policy requirements.

Adds equities (including corporate stocks) as an authorized investment option for state treasurers, local government treasurers, municipalities, special districts, and county boards and commissions. (W.S. 9-4-831(a)(xxix), Sec. 1)
Requires all equity investments by political subdivisions to comply with investment policy statements adopted by the state loan and investment board under W.S. 9-4-716. (W.S. 9-4-831(a)(xxix), Sec. 1)
Permits political subdivisions to establish an investment advisory board to provide advice and expertise on equity investments. (W.S. 9-4-831(a)(xxix), Sec. 1)
Exempts equity investments from restrictions in W.S. 9-4-831(a)(xxviii) and W.S. 9-1-419. (W.S. 9-4-831(a)(xxix), Sec. 1)
Prohibits political subdivisions from making equity investments under this authority until the state loan and investment board adopts applicable investment policy statements. (Sec. 2)
Requires the state treasurer, investment funds committee, and state loan and investment board to take necessary actions to implement the act. (Sec. 3)

Effective: July 1, 2025

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Actions (22)

3/3/2025(LSO)

Assigned Chapter Number 96

3/3/2025(Governor)

Governor Signed SEA No. 0056

2/27/2025(House)

H Speaker Signed SEA No. 0056

2/27/2025(Senate)

S President Signed SEA No. 0056

2/27/2025(LSO)

Assigned Number SEA No. 0056

Amendments (3)

SF0145H3001Withdrawn

House3rd Reading

Sponsor: Representative Brady

SF0145HS001Adopted

HouseStanding Committee

Sponsor: House Appropriations Committee

SF0145SS001Adopted

SenateStanding Committee

Sponsor: Senate Corporations, Elections & Political Subdivi

Roll Call Votes (2)

H 3rd Reading:Passed 54-6-2-0-0

Key VotePassed

2/26/2025HouseYea 54Nay 6Excused 2

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Yea: Allemand, Andrew, Angelos, Banks, Bear, Bratten, L. Brown, Byron, E. Campbell, K. Campbell, Chestek, Clouston, Connolly, Davis, Eklund, Erickson, Filer, Geringer, Guggenmos, Haroldson, Harshman, Heiner, Hoeft, Jarvis, Johnson, Kelly, Knapp, Larsen, Larson, Lawley, Locke, Lucas, McCann, Nicholas, Ottman, Pendergraft, Posey, Provenza, Sherwood, Singh, Smith, Storer, Strock, Tarver, Thayer, Washut, Wasserburger, Webb, Webber, Wharff, Williams, Wylie, Yin, Neiman

Nay: Brady, G. Brown, Lien, Rodriguez-Williams, Schmid, Styvar

Excused: Riggins, Winter

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This committee vote includes adoption of standing committee amendment SF0145HS001.

H02 - Appropriations:Recommend Amend and Do Pass 7-0-0-0-0

Recommended

2/20/2025HouseYea 7Nay 0

Show individual votes

Yea: ALLEMAND, ANGELOS, HAROLDSON, PENDERGRAFT, SHERWOOD, SMITH, BEAR

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