Bill No.: SF0035 Drafter: DKG
LSO No.: 12LSO-0216 Effective Date: March 6, 2012
Enrolled Act No.: SEA0012
Chapter No.: CH0022
Prime Sponsor: Select Committee on Capital Financing and Investments
Catch Title: Higher education reserve accounts.
Subject: Retention of earnings in higher education accounts.
Summary/Major Elements:
· Under Wyoming statutes, unless specified otherwise, earnings on various accounts containing state funds are deposited to the general fund.
· This act allows the Hathaway and higher education reserve accounts to maintain interest earnings on funds within those accounts.
· Those earnings eventually flow to the corpus of the respective permanent funds.