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.