(a)The state treasurer and the state auditor may utilize
interfund loans from the legislative stabilization reserve
account, or the general fund if insufficient funds exist in the
legislative stabilization reserve account, to any other fund or
account to meet obligations which come due prior to receipt of
revenues. The interfund loans shall be repaid as soon as the
anticipated revenue is received. The total amount of interfund
loans under this subsection outstanding at one (1) time shall
not exceed sixty million dollars ($60,000,000.00). These loans
shall not be used to fund shortages caused by expenditures
exceeding projected revenues but are to be used only to fund
temporary shortages caused by meeting obligations which come due
prior to receipt of revenues. The interest charged on each
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(a) The state treasurer and the state auditor may utilize
interfund loans from the legislative stabilization reserve
account, or the general fund if insufficient funds exist in the
legislative stabilization reserve account, to any other fund or
account to meet obligations which come due prior to receipt of
revenues. The interfund loans shall be repaid as soon as the
anticipated revenue is received. The total amount of interfund
loans under this subsection outstanding at one (1) time shall
not exceed sixty million dollars ($60,000,000.00). These loans
shall not be used to fund shortages caused by expenditures
exceeding projected revenues but are to be used only to fund
temporary shortages caused by meeting obligations which come due
prior to receipt of revenues. The interest charged on each
interfund loan under this subsection, other than to the general
fund or budget reserve account, shall be the interest rate
earned on pooled fund investments in the previous fiscal year.
Note: Effective 7/1/2026 this section will read as:
(a) The state treasurer and the state auditor may utilize
interfund loans from the legislative stabilization reserve
account, or the general fund if insufficient funds exist in the
legislative stabilization reserve account, to any other fund or
account to meet obligations which come due prior to receipt of
revenues. The interfund loans shall be repaid as soon as the
anticipated revenue is received. The total amount of interfund
loans under this subsection outstanding at one (1) time shall
not exceed sixty million dollars ($60,000,000.00). These loans
shall not be used to fund shortages caused by expenditures
exceeding projected revenues but are to be used only to fund
temporary shortages caused by meeting obligations which come due
prior to receipt of revenues. The interest charged on each
interfund loan under this subsection, other than to the general
fund, shall be the interest rate earned on pooled fund
investments in the previous fiscal year.
(b) To the extent the legislature provides for interfund
loans or borrowing authority from one (1) agency, account or
fund to another, the interfund loan or borrowing shall come out
of the legislative stabilization reserve account to be credited
to the borrowing agency, account or fund, except as authorized
by W.S. 21-13-316. The interest charged on each interfund loan
or borrowing from the legislative stabilization reserve account
shall be the interest rate earned on pooled fund investments for
the fiscal year immediately preceding the effective date of the
interfund loan.