Bill No.: SF0042 Drafter: MRW

LSO No.: 06LSO-0304 Effective Date: 3/10/2006

Enrolled Act No.: SEA0011

Chapter No.: 38

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

Catch Title: Public funds-investments.

Subject: Eliminates the requirement to keep funds on deposit in Wyoming.

Summary/Major Elements:

· Allows banks to participate in national investment pools by eliminating the requirement that funds be kept on deposit in Wyoming.

· Provides for additional investments of public funds by the State Treasurer or any treasurer of any political subdivision, municipality or special district, and various boards of trustees and boards of directors of county hospitals, airports, fairs and other duly constituted county boards and commissions.

· Affects banks, savings and loan associations or federal savings banks.