WyomingSF 1432025 General SessionSenate

AN ACT relating to public funds; authorizing the deposit of public monies in credit unions; making conforming amendments; and providing for an effective date.

Sponsored By: Tara Nethercott (Republican)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Wyoming credit unions can hold public funds

Beginning July 1, 2025, Wyoming’s state treasurer can deposit public money in credit unions doing business in Wyoming. These institutions need approval from the State Loan and Investment Board and must follow public-deposit interest rules. Deposits must have applicable federal deposit insurance, with approved collateral securing uninsured amounts. Unless the institution defaults, early withdrawals from time deposits or open accounts require 45 days’ written notice. This expands public deposit options but creates no direct household payment or benefit.

Sponsors & Cosponsors

Sponsor

  • Tara Nethercott

    Republican • Senate

Cosponsors

  • Abby Angelos

    Republican • House

  • John Bear

    Republican • House

  • Scott Heiner

    Republican • House

  • Christopher Knapp

    Republican • House

  • Lloyd Larsen

    Republican • House

  • Eric Barlow

    Republican • Senate

  • Evie Brennan

    Republican • Senate

  • Bob Ide

    Republican • Senate

  • Stacy Jones

    Republican • Senate

  • Jared Olsen

    Republican • Senate

  • Tim Salazar

    Republican • Senate

  • Wendy Schuler

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 89 • No: 42

House vote • 2/24/2025

H 3rd Reading:Passed 46-14-2-0-0

Yes: 46 • No: 14

House vote • 2/14/2025

H09 - Minerals:Recommend Do Pass 8-0-1-0-0

Yes: 8 • No: 0

Senate vote • 2/5/2025

S 3rd Reading:Passed 19-8-4-0-0

Yes: 19 • No: 8

Senate vote • 2/4/2025

Amendment failed 12-19-0-0-0

Yes: 12 • No: 19

Senate vote • 1/29/2025

S09 - Minerals:Recommend Do Pass 4-1-0-0-0

Yes: 4 • No: 1

Actions Timeline

  1. Assigned Chapter Number 58

    2/27/2025
  2. Governor Signed SEA No. 0028

    2/27/2025Governor
  3. H Speaker Signed SEA No. 0028

    2/24/2025House
  4. S President Signed SEA No. 0028

    2/24/2025Senate
  5. Assigned Number SEA No. 0028

    2/24/2025
  6. H 3rd Reading:Passed 46-14-2-0-0

    2/24/2025House
  7. H 2nd Reading:Passed

    2/21/2025House
  8. H COW:Passed

    2/20/2025House
  9. H Placed on General File

    2/14/2025House
  10. H09 - Minerals:Recommend Do Pass 8-0-1-0-0

    2/14/2025House
  11. H Introduced and Referred to H09 - Minerals

    2/11/2025House
  12. H Received for Introduction

    2/5/2025House
  13. S 3rd Reading:Passed 19-8-4-0-0

    2/5/2025Senate
  14. S 2nd Reading:Passed

    2/4/2025Senate
  15. S COW:Passed

    2/3/2025Senate
  16. S Placed on General File

    1/29/2025Senate
  17. S09 - Minerals:Recommend Do Pass 4-1-0-0-0

    1/29/2025Senate
  18. S Introduced and Referred to S09 - Minerals

    1/24/2025Senate
  19. S Received for Introduction

    1/20/2025Senate
  20. Bill Number Assigned

    1/20/2025

Bill Text

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