HB0031 - Common school permanent fund reserve account.
|
2001 |
State of Wyoming |
01LSO-0220 |
HOUSE BILL NO. HB0031
Common school permanent fund reserve account.
Sponsored by: Select Committee on Capital Financing and
Investments
A BILL
for
1 AN ACT relating to
public funds; clarifying calculation of
2 funds
appropriated to and from the common school permanent
3
fund reserve account; making technical corrections; and
4
providing for an effective date.
5
6 Be It Enacted by the Legislature of the State of Wyoming:
7
8 Section 1. W.S. 9-4-713(g) is amended to read:
9
10 9-4-713. Investment earnings spending
policy -
11 permanent funds.
12
13 (g) There is
annually appropriated from the general
14 fund to the common school permanent fund
reserve account an
15 amount determined under this subsection. The
amount shall
16 be computed and calculated by the state
treasurer. The
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1
amount shall be equal to the extent to which earnings from
2 the
common school account within the permanent land fund
3
under W.S. 9-4-204(k) exceed the spending policy
4
established in subsection (g) (h) of this section for that
5
fiscal year. For purposes of calculating earnings from the
6 common school account within the permanent land fund under
7 this subsection, earnings transferred to the corpus of the
8 common school account pursuant to W.S. 9-4-305(b) shall not
9 be included. Earnings
transferred to the common school
10 account under
W.S. 9-4-305(b) shall not be included when
11 determining
spending policy under subsection (h) of this
12 section.
The appropriation shall be credited to the fund
14 year but no later than ninety (90) days
after the end of
15 the fiscal year.
16
17 Section 2. This act is effective immediately upon
18 completion of all acts necessary for a bill
to become law
19 as provided by Article 4, Section 8 of the
Wyoming
20 Constitution.
21
22 (END)
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