Bill No.: SF0075                  Drafter: MRW

LSO No.:  11LSO-0111              Effective Date:  2/17/2011

Enrolled Act No.:  SEA0013

Chapter No.:       23

Prime Sponsor:     Joint Minerals, Business and Economic Development Interim Committee

Catch Title:       Workforce housing infrastructure funds-reversion.

Subject:            Workforce housing infrastructure program.

Summary/Major Elements:

● Current law provides for an infrastructure program and a revolving loan account.  Funds with the account are not to lapse.

● This act provides that interest earned on the account reverts to the general fund on April 1, 2011.  Repayments of loan principal remain in the account.

● This act amends the requirement that the Wyoming business council include information on investments made under the workforce housing infrastructure program in its report submitted with its budget request to the department of administration and information, by specifying the report is only required if such investments were made in the previous fiscal year.