S.F. No. 0024

State investments.

 

Sponsored By:     Senator(s) Martin, Bebout, Cooper, Hastert and Rothfuss and Representative(s) Lockhart, Moniz and Stubson

 

AN ACT relating to state investments; increasing amount allowed to be invested in industrial development bonds; providing for legislative approval of certain investments as specified; extending the sunset for those investments; specifying other requirements for the investments; increasing overall amount allowed to be invested for specific public purposes; and providing for an effective date.

 

12/14/2010        Bill Number Assigned

1/11/2011         S Received for Introduction

1/11/2011         S Introduced and Referred to S09

1/17/2011         S09 Recommended Amend and Do Pass

 

ROLL CALL

Ayes:  Senator(s) Bebout, Coe, Cooper, Jennings and Rothfuss

Ayes 5    Nays 0    Excused 0    Absent 0    Conflicts 0

 

1/17/2011         S Placed on General File

 

SF0024SS001/FAILED

Page 1-line 3           Delete "extending" insert "repealing".

Page 1-line 9           Delete ", (vi)".

Page 2-lines 17 and 18  Delete.

Page 3-after line 5     Insert and renumber:

"Section 2.  W.S. 9‑4‑715(m)(vi) is repealed.".  BEBOUT, CHAIRMAN

 

1/18/2011         S Passed CoW

1/19/2011         S Laid Back Without Prejudice

 

SF0024S2001/ADOPTED

Page 2-line 18          Delete "2016" insert "2017".  MARTIN

 

1/20/2011         S Passed 2nd Reading

1/21/2011         S Passed 3rd Reading

 

ROLL CALL

Ayes:  Senator(s) Barnard, Bebout, Christensen, Coe, Cooper, Driskill, Emerich, Esquibel, F., Hastert, Hicks, Jennings, Landen, Martin, Meier, Perkins, Peterson, Ross, Rothfuss and Von Flatern

Nays:  Senator(s) Anderson, Burns, Case, Dockstader, Geis, Hines, Johnson, Nicholas, P., Nutting, Schiffer and Scott

Ayes 19    Nays 11    Excused 0    Absent 0    Conflicts 0

 

1/25/2011         H Received for Introduction

2/1/2011          H Introduced and Referred to H09

2/4/2011          H09 Recommended Do Pass

 

ROLL CALL

Ayes:  Representative(s) Byrd, Greear, Kasperik, Lockhart, Moniz, Stubson, Zwonitzer, Dn. and Zwonitzer, Dv.

Excused:  Representative(s) Roscoe

Ayes 8    Nays 0    Excused 1    Absent 0    Conflicts 0

 

2/4/2011          H Placed on General File

2/10/2011         H Passed CoW

 

SF0024H2001/ADOPTED  (TO ENGROSSED COPY)

Page 1-line 2           After "bonds;" insert "limiting investments as specified;".

Page 1-line 9           After "and" insert "by creating a new paragraph (vii) and".

Page 2-After line 18    Insert:

"(vii)  No investment in excess of twenty-five million dollars ($25,000,000.00) shall be made under this subsection in bonds for any one (1) project.".  MADDEN, BLIKRE, BROWN

 

SF0024H2002/ADOPTED  (TO ENGROSSED COPY)

Delete the Madden second reading amendment (SF0024H2001/AE) entirely and further amend as follows:

Page 1-line 2           After "bonds;" insert "providing for legislative approval of certain investments as specified;".

Page 1-line 9           After "and" insert "by creating a new paragraph (vii) and".

Page 2-After line 18    Insert:

"(vii)  No investment in excess of one hundred million dollars ($100,000,000.00) shall be made under this subsection in bonds for any one (1) project without specific legislative authorization.".  PEDERSEN

 

2/11/2011         H Passed 2nd Reading

 

SF0024H3001/FAILED  (TO ENGROSSED COPY)

Page 1-line 3           Delete "increasing".

Page 1-line 4           Delete entirely.

Page 1-line 5           Delete "purposes;".

Page 1-line 9           Delete "," insert "and"; delete "and (n)".

Page 1-line 16          Delete "six hundred".

Page 2-line 1           Delete "million dollars ($600,000,000.00)" insert "two hundred million dollars ($200,000,000.00)".

Page 2-after line 18    In the Pedersen second reading amendment (SF0024H2002/AE) to this line delete "one hundred million dollars ($100,000,000.00)" insert "twenty-five million dollars ($25,000,000.00)".

Page 2-lines 20 through 24    Delete entirely.

Page 3-lines 1 through 5      Delete entirely. PATTON

 

SF0024H3002/ADOPTED  (TO ENGROSSED COPY)

Page 1-line 3           After "investments;" insert "specifying other requirements for the investments;".

Page 2-line 18          After "2017" insert ". Any investment under this subsection shall be subject to the prudent investor standard as specified in subsection (d) of this section".  MADDEN

 

2/14/2011         H Passed 3rd Reading

 

ROLL CALL

Ayes:  Representative(s) Barbuto, Berger, Blake, Blikre, Bonner, Botten, Brechtel, Brown, Buchanan, Burkhart, Byrd, Campbell, Cannady, Childers, Connolly, Craft, Davison, Eklund, Esquibel, K., Gingery, Goggles, Greear, Greene, Harvey, Hunt, Illoway, Jaggi, Kasperik, Krone, Lockhart, Lubnau, McOmie, Moniz, Pederson, Petersen, Petroff, Quarberg, Stubson, Teeters and Throne

Nays:  Representative(s) Edmonds, Gay, Harshman, Kroeker, Loucks, Madden, McKim, Miller, Nicholas, B., Patton, Peasley, Roscoe, Semlek, Shepperson, Steward, Vranish, Wallis, Zwonitzer, Dn. and Zwonitzer, Dv.

Excused:  Representative(s) Freeman

Ayes 40    Nays 19    Excused 1    Absent 0    Conflicts 0

 

2/14/2011         S Received for Concurrence

2/15/2011         S Did Concur

 

ROLL CALL

Ayes:  Senator(s) Anderson, Barnard, Bebout, Christensen, Coe, Cooper, Dockstader, Driskill, Emerich, Esquibel, F., Geis, Hastert, Hicks, Hines, Jennings, Johnson, Landen, Martin, Meier, Nutting, Perkins, Peterson, Ross, Rothfuss and Von Flatern

Nays:  Senator(s) Burns, Case, Nicholas, P., Schiffer and Scott

Ayes 25    Nays 5    Excused 0    Absent 0    Conflicts 0

 

2/15/2011         Assigned Number SEA No. 0025

2/16/2011         S President Signed SEA No. 0025

2/16/2011         H Speaker Signed SEA No. 0025

2/18/2011         Governor Signed SEA No. 0025

2/18/2011         Assigned Chapter Number

 

Chapter No. 0047  Session Laws of Wyoming 2011