Wyoming SF145: Local governments-investments in equities.

What the bill says

An act relating to public funds; authorizing specified local governments to invest in equities as specified; specifying requirements for investments in equities; specifying applicability; authorizing actions; and providing for effective dates.

From the introduced text:

AN ACT relating to public funds; authorizing specified local governments to invest in equities as specified; specifying requirements for investments in equities; specifying applicability; authorizing actions; and providing for effective dates. Section 1. W.S. 9‐4‐831(a) by creating a new paragraph (xxix) is amended to read: 9‐4‐831. Investment of public funds. (a) The state treasurer, or treasurer of any political subdivision, municipality or special district of this state, and the various boards of trustees and boards of directors of county hospitals, airports, fairs and other duly constituted county boards and commissions, may invest in: (xxix) Equities, including stocks of corporations. Investments made under this paragraph shall comply with all provisions of investment policy statements applicable to local government investing adopted by the state loan and investment board. All risks associated with the investment of equities under this paragraph shall be assumed by the governmental entity making the investment. A political subdivision shall establish an investment advisory board to provide advice and expertise on investments made under this paragraph. Investments made under this paragraph shall not be subject to paragraph (xxviii) of this subsection or W.S. 9‐1‐419. The state loan and investment board shall adopt investment policy statements for investments made by local governments and political subdivisions under this paragraph. The board shall include in the investment policy statements requirements and conditions …

Read the full official text

Sponsors

• Campbell, Elissa (R, H56)
• Kelly, Tom (R, H30)
• Wylie, Cody (R, H39)
• Cooper, Ed (R, S20)
• Crum, Gary (R, S10)
• Dockstader, Dan (R, S16)
• Landen, Bill (R, S27)
• Tara Nethercott (R, S04) · primary sponsor

Latest actions

1. March 3, 2025: Governor Signed SEA No. 0056
2. March 3, 2025: Assigned Chapter Number 96
3. February 27, 2025: S Received for Concurrence
4. February 27, 2025: S Concur:Passed 27-2-2-0-0
5. February 27, 2025: Assigned Number SEA No. 0056
6. February 27, 2025: S President Signed SEA No. 0056
7. February 27, 2025: H Speaker Signed SEA No. 0056
8. February 26, 2025: H 3rd Reading:Passed 54-6-2-0-0
9. February 25, 2025: H 2nd Reading:Passed
10. February 24, 2025: H COW:Passed

Votes

• S 3rd Reading:Passed 24-7-0-0-0 (February 27, 2025): 24 yea, 7 nay, passed
• S08 - Transportation:Recommend Do Pass 5-0-0-0-0 (February 26, 2025): 5 yea, 0 nay, passed
• S 3rd Reading:Failed 18-12-1-0-0 (February 20, 2025): 18 yea, 12 nay, failed
• S04 - Education:Recommend Amend and Do Pass 3-2-0-0-0 (February 10, 2025): 3 yea, 2 nay, passed
• H COW:Failed 25-32-5-0-0 (January 29, 2025): 25 yea, 32 nay, failed

Common questions

What is SF145?

SF145 is a bill in the Wyoming Legislature (2025 General Session): Local governments-investments in equities.

What does SF145 do?

In its own words: An act relating to public funds; authorizing specified local governments to invest in equities as specified; specifying requirements for investments in equities; specifying applicability; authorizing actions; and providing for effective dates.

What is the status of SF145?

Chaptered as of March 3, 2025. Latest action: Governor Signed SEA No. 0056 (March 3, 2025).

Who sponsored SF145?

Tara Nethercott (R, S04), with 7 co-sponsors.

Where is the official record for SF145?

On the Wyoming Legislature website: https://wyoleg.gov/Legislation/2025/SF0145