Title 9, Title 9 — Administration Of The Government

Wyoming transportation enterprise program. (a) There is established the transportation trust fund. Prior to distribution under W.S. 9-4-601(a)(iii), the following amounts shall be deposited into the transportation enterprise account under W.S. 11-34-131 and the transportation tru…

Definitions. (a) As used in this act: (i) "Alternative investments" means investments in nontraditional asset classes or in traditional asset classes which are utilized in a nontraditional strategy; (ii) "Asset classes" means categories of securities with similar characteristics …

Permissible investments. (a) The state treasurer, in consultation with the investment funds committee, shall employ a designated chief investment officer who shall have minimum qualifications including at least ten (10) years of experience managing institutional investment portfo…

State investment policy; investment consultant. (a) The board, in consultation with the investment funds committee, shall adopt investment policy statements for state funds and shall review those policy statements at least annually. These policy statements shall be subject to the…

Additional investment matters. (a) The state treasurer may form entities required in the general practice employed by banks and brokerage firms for the purpose of designating a "nominee name" in securities transactions. (b) The state treasurer may offer and pay a reasonable premi…

Investment managers. (a) The state treasurer may contract with investment managers and pay for investment services and investment advice subject to the following conditions: (i) All fees and other costs of contracting for and using the services of an investment manager, except tr…

Investment earnings; spending policy amounts; permanent funds. (a) The purpose of this section is to establish a spending policy for earnings on permanent fund investments to provide, in descending order of importance: (i) Consistent, sustainable flow of earnings for expenditure …

Investment funds committee created; duties. (a) There is created the investment funds committee. The committee consists of seven (7) voting members including the state treasurer and six (6) members appointed by a selection panel in accordance with W.S. 9-4-721. In addition to the…

Investment funds committee; selection panel. (a) There is created the selection panel to appoint voting members to the investment funds committee as provided in W.S. 9- 4-720. The panel consists of five (5) members composed of one (1) member appointed by each of the members of th…

Investment of state funds; proxy voting requirements. (a) As used in this section, "investment entity" means the state treasurer and the Wyoming retirement board. (b) The following shall apply to the investment of funds made by each investment entity: (i) All investments shall be…

Board of deposits; creation; composition; records; meetings; general duties. The state loan and investment board is established as and shall perform the duties of the board of deposits. The governor is the chairman of the board and the state treasurer is the secretary of the boar…

Board of deposits; application; designation of depositories; revocation of designation. A bank or credit union applying to be a state depository shall file a written application with the secretary of the board of deposits. The application shall be accompanied by a sworn statement…

Deposit of state money in approved depositories; authority of treasurer; rulemaking. (a) The state treasurer may deposit any portion of the public monies in his possession in any bank or credit union chartered under the laws of the United States or under the law of any state if t…

Deposit of state money in approved depositories; required security; contents and form of surety bond; definitions. (a) Except as otherwise provided in W.S. 9-4-801 through 9-4-815, for the security of state funds, the state treasurer shall require all state depositories to deposi…

Deposit of state money in approved depositories; other acceptable security. Instead of furnishing a surety bond as security for the deposits, a depository may pledge any bonds, debentures and other securities in which the state treasurer may by law invest and in an amount equal, …

Deposit of state money in approved depositories; bank resolution. (a) Every bank or credit union designated as a depository for funds of the state of Wyoming or any political subdivision thereof shall furnish to the treasurer of the state of Wyoming, or treasurer of the appropria…

Deposit of state money in approved depositories; federal insurance; security for deposits not covered. Any properly designated depository of the public funds of the state, or of any political subdivision thereof, which is entitled to the benefits of deposit insurance provided for…

Deposit of state money in approved depositories; responsibility for collateral. (a) The state of Wyoming, or any political subdivision thereof, which deposits through its treasurer, or other representative, public funds in any designated depository in the state of Wyoming, receiv…

"Time deposit, open account"; definition. As used in W.S. 9-4-809 through 9-4-812 and 9-4-817 "time deposit, open account" means a deposit, other than a "time certificate of deposit" or a "savings deposit", with respect to which "time deposit, open account" there is in force a wr…

"Time deposit, open account"; rate of interest on public funds. Quarterly each year, taking into consideration all information before it, the board of deposits shall fix the minimum rate of interest to be paid on time deposit, open account. Time deposits shall be at the minimum r…

"Time deposit, open account"; payment of interest; accounts of monies. Interest paid by banks or credit unions on public funds on time deposit, open account shall be paid to the state treasurer quarterly on the first business day of January, April, July and October as required by…

Withdrawals of state funds; liability of treasurer for money or bond loss. The state treasurer or his authorized deputy may withdraw any and all funds deposited for the purpose of paying the appropriations and obligations of the state as lawfully required or whenever he deems it …

Sale of collateral. The state treasurer may sell any or all collateral that may be pledged as security for the deposit of any state funds in any depository under this act, at public or private sale, whenever there shall be a failure or refusal upon the part of any state depositor…

Recovery of penalties on bonds. It shall be the duty of the attorney general of the state to enter and prosecute, in the name of the state, to final determination, all suits for the recovery of any penalty arising under the conditions of any bond, securities or mortgages and note…

Deposits by political subdivisions; "proper governing board" defined. (a) As used in W.S. 9-4-817 through 9-4-831 "proper governing board" means: (i) When applied to the deposit of county funds, the board of county commissioners of the county; (ii) When applied to the deposit of …

Deposits by political subdivisions; selected institutions; security; withdrawals. (a) To the extent they are not otherwise invested, the monies collected and held by a treasurer of a political subdivision, municipality or special district within this state shall be deposited in b…

Deposits by political subdivisions; applications by, and approval of, banks; rate of interest; defaults. (a) Applications by banks, savings and loan associations or credit unions shall be submitted to the proper governing board and shall be acted upon by the proper governing boar…

Deposits by political subdivisions; surety bonds for security; out-of-county banks. (a) For the security of the funds deposited the proper treasurer shall require all depositories to give surety bonds for the safekeeping and payment of deposits of public monies and the interest t…

Deposits by political subdivisions; security in lieu of surety bonds. (a) Instead of the bonds provided for in W.S. 9-4-820, the banks or savings and loan associations receiving on deposit public funds may, as security therefor, furnish to the proper treasurer of any county, muni…

Liability of local treasurers for money loss; power to withdraw funds. No county, city, town, school district, irrigation district or drainage district treasurer is liable on his official bond for money on deposit in any bank under and by direction of the proper legal authority a…

Joint custody agreement for securing local deposits; banks authorized to receive collateral. Any properly designated depository of the public funds of the state or any political subdivision thereof, and any treasurer of any proper governing board may agree, as an alternate method…

Joint custody agreement for securing local deposits; placement of security with custodian; receipt as evidence of deposit. At the request of the treasurer of the proper governing board, the designated depository shall place the security to be furnished as collateral for the depos…

Joint custody agreement for securing local deposits; form for receipts. (a) The joint custody trust receipt of the federal reserve bank of Kansas City or its branches may be in the form adopted and used by the federal reserve bank. (b) Joint custody trust receipts issued by other…

Joint custody agreement for securing local deposits; execution and contents of agreement. (a) The joint custody agreement shall be executed by the custodian, the depository bank and the treasurer of the proper governing board and shall: (i) Contain the following provisions: (A) T…

Unauthorized use of monies. The state treasurer, the treasurer of any county, city, town or school district or any other public officer or employee having in his custody or under his control any public monies, who makes a profit, directly or indirectly, by loaning or depositing t…

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…

Investment of permanent funds. [Inactive]

Issuance; principal amount. Whenever the state of Wyoming has outstanding bonds which are redeemable by their terms or which may be redeemed with the consent of the holders thereof, the governor, with the approval of the state treasurer and attorney general, may issue refunding b…

Interest rate; maturity; form; record. (a) If bonds are issued to refund bonds which are redeemable, the interest rate thereon shall be lower than the rate on the bonds to be refunded. If bonds are issued to refund bonds prior to their redeemable date, the interest rate thereon s…

Sale or exchange; price; application of proceeds. The governor and state treasurer may sell refunding bonds at a price not less than the par value thereof and shall apply the proceeds thereof solely to the payment of a like amount of the bonds to be refunded or refunding bonds ma…

Tax levy to pay principal and interest. The state board of equalization shall, each year at the time of making the annual levy for state purposes, direct the boards of county commissioners of the several counties of the state to levy upon all taxable property therein a tax, which…

Supplemental coverage program for university revenue bonds. (a) The state loan and investment board shall administer a university revenue bond supplemental coverage program in accordance with this section and may promulgate rules to implement it. This program applies to bonds iss…

Definitions. (a) As used in this act: (i) "Revenues" means any income or other receipts duly credited to any fund of the state during any fiscal year from any source, including but not limited to income and receipts from taxes, distributions or grants from any other public entity…

Authority. (a) The state treasurer may, with the approval of the governor and the attorney general, issue tax and revenue anticipation notes and interest coupons pertaining to those notes when he determines that as part of the state's investment management program it is prudent t…

Payment from anticipated revenues; notes do not constitute indebtedness. (a) Tax and revenue anticipation notes issued under W.S. 9-4-1102 shall be payable solely from those revenues anticipated to be but not yet received and credited to the specified funds or accounts for the fi…

Terms and conditions of issuance. (a) Tax and revenue anticipation notes: (i) Shall be issued in a form consistent with the provisions of this act; (ii) Shall describe the fund or account and the revenue from which the notes are payable; (iii) Shall bear interest at a rate or rat…