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.: SF0060 Drafter: DKG

LSO No.: 04LSO-0221.E2 Effective Date:

Enrolled Act No.: SEA0043

Chapter No.: 83

Prime Sponsor: Senator Hawks

Catch Title: Wyoming natural gas pipeline authority.

Subject: Clarifying and expanding authority of the natural gas pipeline authority.

Summary/Major Elements:

· Clarifies that the authority is an instrumentality of the state rather than a political subdivision.

· Repeals the requirement that the attorney general serve as attorney for the authority.

· Expands the types of ownership interests which the Wyoming natural gas pipeline authority may acquire and transfer, and removes the prohibition against the authority having an interest in pipelines financed by the authority.

· Adds a definition of "royalty in kind gas" and authorizes the authority to engage in transactions involving royalty in kind gas.

· Removes coupon limitations from the authority's bond issuing authorization.

· Expands the specified types of transactions in which the authority is permitted to engage.

· Provides that liens securing bonds issued by the authority are automatically perfected without the necessity of recording or filing.

· Provides for a loan to the authority from the general fund, upon approval of the attorney general, with interest set by the state loan and investment board of up to 4% and with all loans repaid no later than June 30, 2010.