|
S.F. No. 0060 |
Wyoming natural gas
pipeline authority. |
Sponsored By: Senator(s) Hawks and
Decaria and Representative(s) Law
AN ACT relating to the
Wyoming natural gas pipeline authority; expanding powers of the authority;
modifying and providing definitions; modifying other provisions relating to the
authority; and providing for an effective date.
02/09/2004 Bill Number Assigned
02/10/2004 S Received for Introduction
02/11/2004 S Introduced and Referred to S09
ROLL CALL
Ayes:
Senator(s) Anderson, J., Barrasso, Boggs, Burns, Caller, Cathcart, Coe,
Decaria, Devin, Erb, Geis, Goodenough, Hanes, Hawks, Hines, Job, Kunz, Larson,
Massie, Meier, Mockler, Northrup, Peck, Roberts, Schiffer, Scott, Sessions,
Townsend and Vasey.
Nays:
Senator(s) Case
Ayes
29 Nays 1 Excused 0 Absent
0 Conflicts 0
02/16/2004 S09 Recommended Amend and Do Pass
ROLL CALL
Ayes:
Senator(s) Barrasso, Coe, Decaria, Hawks and Mockler
Ayes
5 Nays 0 Excused 0 Absent
0 Conflicts 0
02/16/2004 S Placed on General File
SF0060SS001/ADOPTED
Page
1-line 8 After
"37-5-102(e)," insert "37-5-104(b) and (d),".
Page
1-line 10 After
"37-5-203(a)" insert ", (d)".
Page
3-after line 20 Insert:
"37‑5‑104. Bonds.
(b) Bonds issued under authority of this
section shall be solely the obligation of the authority and shall recite on
their face that they do not constitute obligations of the state of Wyoming or
any county, municipality or other political subdivision of the state. The bonds or other obligations shall be
authorized and issued by resolution of the authority and shall be of the
series, bear the date or dates, mature at the time or times, bear interest at
the rate or rates, be in the form, either coupon or
fully registered without coupons, carry the registration and
exchangeability privileges, be payable in the medium of payment and at the
place or places, be subject to the terms of redemption and be entitled to the
priorities on the revenues of the authority, as the resolution may
provide. The bonds and the coupons, if any, attached shall be
executed in the form and manner provided by the resolution authorizing their
issuance.
(d) Except as provided by subsection (k) of
this section, any bonds issued hereunder shall be payable from and be secured
by the pledge of the revenues derived from the operation of the pipeline
system, as constructed, acquired, extended or improved with the proceeds of the
bonds, subject only to prior payment of the reasonable and necessary expenses
of operating and maintaining the system.
Any bonds issued hereunder may also be payable from unexpended bond
proceeds. Any holder of the bonds or of any of the coupons thereto attached may by
appropriate legal action compel performance of all duties required of the
authority in order to enforce payment of the bonds when due. If any bond issued
hereunder is permitted to go into default as to principal or interest, any
court of competent jurisdiction may, pursuant to the application of the holder
of the bonds, appoint a receiver for the system, who shall operate the system
and collect and distribute the revenues thereof pursuant to the provisions and
requirements of the resolution authorizing the bonds.".
Page 5-after line 9 Insert:
"(d) All bonds issued by the authority are
payable solely out of special funds consisting of all or part of its revenues,
receipts, monies and assets, as designated in the proceedings under which the
bonds are authorized. The bonds shall
bear interest at fixed or variable rates, be executed and delivered at times
and in denominations, be of terms and maturities, be in bearer form or in registered form as to principal
and interest or principal alone, and bear manual or facsimile signatures and
seals as determined by the authority.
Bonds issued by the authority are not general obligations of this state
nor of any political subdivision of this state. The bonds shall be solely the obligation of the authority and
shall recite on their face that they do not constitute obligations of the state
or any political subdivisions of the state.". HAWKS, CHAIRMAN
SF0060SW001/ADOPTED
Page
1-line 4 After
"authority;" insert "providing an appropriation and authorizing
a position;".
Page
7-after line 24 Insert:
"Section
3. In addition to any other
appropriation authorized by the legislature, the state treasurer is authorized
to loan from the general fund to the Wyoming natural gas pipeline authority two
hundred eighty-four thousand six hundred dollars ($284,600.00) for the payment
of insurance costs and professional services, and the authority is authorized
one (1) full-time position. Monies
loaned to the authority under this section shall be repaid, with interest at an
annual rate set by the state loan and investment board of not more than four
percent (4%), to the general fund at such time and manner as the authority
determines it has sufficient revenues to repay the monies after operating
expenses are met, but the funds shall be repaid in any event not later than
June 30, 2010. A loan agreement shall
be prepared and approved by the attorney general before distribution of loan
proceeds.".
Page 8-line 2 Delete "3" insert "2". HAWKS
02/19/2004 S Passed CoW
02/20/2004 S Laid Back Pursuant to SR 10-4A
02/23/2004 S Laid Back Pursuant to SR 10-4A
02/24/2004 S Passed 2nd Reading
02/25/2004 S Passed 3rd Reading
ROLL CALL
Ayes:
Senator(s) Anderson, J., Barrasso, Boggs, Burns, Caller, Cathcart, Coe,
Decaria, Devin, Erb, Geis, Goodenough, Hanes, Hawks, Hines, Job, Kunz, Larson,
Massie, Meier, Mockler, Northrup, Peck, Roberts, Schiffer, Scott, Sessions,
Townsend and Vasey.
Nays:
Senator(s) Case
Ayes
29 Nays 1 Excused 0 Absent
0 Conflicts 0
02/26/2004 H Received for Introduction
02/26/2004 H Introduced and Referred to H09
02/27/2004 H09 Recommended Do Pass
ROLL CALL
Ayes:
Representative(s) Childers, Cooper, Esquibel, Illoway, Latta, Law,
Meyer, Miller and Walsh
Ayes
9 Nays 0 Excused 0 Absent
0 Conflicts 0
02/27/2004 H Placed on General File
02/27/2004 H Rereferred to H02
03/01/2004 H02 Recommended Do Pass
ROLL CALL
Ayes:
Representative(s) Jones, Meuli, Nicholas, Philp and Warren
Excused:
Representative(s) Jorgensen and Luthi
Ayes
5 Nays 0 Excused 2 Absent
0 Conflicts 0
03/01/2004 H Placed on General File
03/01/2004 H Passed CoW
03/02/2004 H Passed 2nd Reading
SF0060H3001/ADOPTED (TO ENGROSSED COPY)
Page
1-line 4 Delete
"and".
Page
1-line 5 Delete
the line through "position".
Page
10-line 16 Delete
"," insert "." and delete balance of the line.
Page
10-line 17 Delete
the line through ".". LAW
03/03/2004 H Passed 3rd Reading
ROLL CALL
Ayes:
Representative(s) Alden, Anderson, R., Bagby, Baker, Berger, Brechtel,
Buchanan, Bucholz, Childers, Cohee, Cooper, Diercks, Edwards, Esquibel,
Gentile, Gilmore, Hageman, Harshman, Harvey, Hastert, Hinckley, Iekel, Illoway,
Jansen, Johnson, L., Johnson, W., Jones, Jorgensen, Latta, Law, Lockhart,
Luthi, Martin, McMurtrey, McOmie, Meuli, Meyer, Miller, D., Morgan, Nicholas,
Olsen, Osborn, Parady, Petersen, Philp, Powers, Prosser, Reese, Robinson, Ross,
Semlek, Simpson, Slater, Thompson, Walsh, Warren, Wasserburger and Wostenberg.
Nays:
Representative(s) Landon
Excused:
Representative(s) Tipton
Ayes
58 Nays 1 Excused 1 Absent 0 Conflicts
0
03/04/2004 S Did Concur
ROLL CALL
Ayes:
Senator(s) Anderson, J., Barrasso, Boggs, Burns, Caller, Cathcart, Coe,
Decaria, Devin, Erb, Geis, Goodenough, Hanes, Hawks, Hines, Job, Kunz, Larson,
Massie, Meier, Mockler, Northrup, Peck, Roberts, Schiffer, Scott, Sessions,
Townsend and Vasey.
Nays:
Senator(s) Case
Ayes
29 Nays 1 Excused 0 Absent
0 Conflicts 0
03/04/2004 Assigned Number SEA No. 0043
03/04/2004 S President Signed SEA No. 0043
03/04/2004 H Speaker Signed SEA No. 0043
03/05/2004 Governor Signed SEA No. 0043
03/05/2004 Assigned Chapter Number
Chapter No. 0083 Session Laws of Wyoming 2004.