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H.B. No. 0020 |
Private equity investments. |
Sponsored By: Joint Revenue Interim Committee
AN ACT relating to public funds; creating the private equity investment account as specified; providing for the administration and use of the account; requiring a report; providing for rules and regulations; providing definitions; providing an appropriation; and providing for an effective date.
12/7/2005 Bill Number Assigned
2/13/2006 H Received for Introduction
2/14/2006 H Introduced and Referred to H03
ROLL CALL
Ayes: Representative(s) Anderson, R., Bagby, Barnard, Berger, Brechtel, Brown, Buchanan, Bucholz, Childers, Davison, Diercks, Edwards, Esquibel, Gay, Gilmore, Gingery, Goggles, Hageman, Harshman, Harvey, Hastert, Hinckley, Iekel, Illoway, Landon, Lockhart, Lubnau, Luthi, Martin, Mercer, Miller, Morgan, Osborn, Pedersen, Petersen, Philp, Powers, Quarberg, Reese, Samuelson, Semlek, Simpson, Slater, Thompson, Walsh, Warren, Wasserburger, White and Zwonitzer.
Nays: Representative(s) Alden, Cohee, Hammons, Jones, Jorgensen, McOmie, Meuli, Olsen, Robinson and Watt.
Excused: Representative(s) Jackson
Ayes 49 Nays 10 Excused 1 Absent 0 Conflicts 0
2/20/2006 H03 Recommended Amend and Do Pass
ROLL CALL
Ayes: Representative(s) Anderson, R., Bucholz, Gay, Gilmore, Harshman, Hastert, Miller, Pedersen and Walsh
Ayes 9 Nays 0 Excused 0 Absent 0 Conflicts 0
2/20/2006 H Placed on General File
2/20/2006 H Rereferred to H02
2/24/2006 H02 Recommended Amend and Do Pass
ROLL CALL
Ayes: Representative(s) Berger, Jones, Jorgensen, Meuli, Petersen, Philp, Simpson and Warren
Ayes 8 Nays 0 Excused 0 Absent 0 Conflicts 0
2/24/2006 H Placed on General File
HB0020HS001/ADOPTED
Page 2-line 24 After "fund." insert "The state treasurer shall select a general partner with substantial experience in private equity buy-out investing. The state treasurer shall only consider individuals who have sufficient, relevant and successful investment experience. The state treasurer shall only consider candidates for general partner who have not less than five (5) years of experience as a lead investor of direct investing into portfolio companies as a full-time professional investor.".
Page 3-line 4 After "agreement." insert "The agreement shall require the general partner to reside and maintain an office in this state. The agreement shall be subject to final approval by the state loan and investment board.".
Page 5-line 22 Before "private" insert "permanent Wyoming mineral trust fund for deposit into the". ANDERSON, R., CHAIRMAN
HB0020HS002/ADOPTED
Page 5-line 23 Delete "fifty".
Page 5-line 24 Delete the line through "($50,000,000.00)" insert "thirty million dollars ($30,000,000.00)". PHILP, CHAIRMAN
2/24/2006 H Passed CoW
HB0020H2001/FAILED
Page 2-line 13 After "private" insert "domestic"; after "companies" insert "formed under the laws of Wyoming".
Page 2-line 14 Before "companies" insert "domestic"; after "companies" insert "formed under the laws of Wyoming". HAMMONS
2/27/2006 H Passed 2nd Reading
2/28/2006 H Passed 3rd Reading
ROLL CALL
Ayes: Representative(s) Anderson, R., Barnard, Berger, Brown, Buchanan, Bucholz, Childers, Cohee, Davison, Edwards, Gay, Gingery, Hageman, Harshman, Harvey, Hastert, Hinckley, Iekel, Illoway, Jackson, Jones, Landon, Lockhart, Lubnau, Luthi, Martin, Mercer, Meuli, Miller, Olsen, Osborn, Pedersen, Petersen, Powers, Samuelson, Semlek, Simpson, Slater, Walsh, Wasserburger and White.
Nays: Representative(s) Alden, Bagby, Brechtel, Diercks, Esquibel, Gilmore, Goggles, Hammons, Jorgensen, McOmie, Morgan, Philp, Quarberg, Reese, Robinson, Thompson, Warren, Watt and Zwonitzer.
Ayes 41 Nays 19 Excused 0 Absent 0 Conflicts 0
3/1/2006 S Received for Introduction
3/1/2006 S Introduced and Referred to S03; No Report Prior to CoW Cutoff
3/3/2006 S03 Motion to Do Pass Failed
ROLL CALL
Ayes: Senator(s) Aullman and Peck
Nays: Senator(s) Cooper, Hawks and Mockler
Ayes 2 Nays 3 Excused 0 Absent 0 Conflicts 0
3/11/2006 Died in Committee