Please Note: The following summaries of legislation enacted during the 2004 Legislative Session were prepared by the Legal Services Division Staff for internal use by the Legislative Service Office.

This report is not an official publication of the Wyoming Legislature and does not purport to be an official statement of legislative intent concerning any measure enacted by the Legislature.

The bill summaries contained in this report were prepared as an aid to locating enacted legislation and as a brief recap of the major provisions of each bill. While the information provided in these summaries is accurate, the summaries are not intended as a detailed abstract and reference should be made to the enacted bills for more complete information.

Bill No.: HB0023 Drafter: DKG

LSO No.: 04LSO-0079.E2 Effective Date:

Enrolled Act No.: HEA0052

Chapter No.: 80

Prime Sponsor: Representative Law

Catch Title: Industrial development bond fees.

Subject: Fees collected by the Wyoming business council relating to state investments in industrial development bonds.

Summary/Major Elements:

· Under current law the Wyoming business council is to assess fees for reviewing projects and making recommendations for state investment in industrial development bonds for the projects.

· Those fees are deposited in the general fund under current law. Under this bill the fees would be deposited in a separate account and are continuously appropriated to the business council to pay for the cost of the services provided by the council.

Comments:

· Report Required – The state treasurer and business council are to include within a report currently required, expenditures of funds continuously appropriated under the act.