§ 9-4-219 — Legislative stabilization reserve account created; purposes; legislative deficit control account

Wyoming § 9-4-219

• Jurisdiction: Wyoming
• Title 09: Administration of the Government
• Ch. 4: PUBLIC FUNDS
• Art. 2: FUNDS CONSOLIDATION

Text

(a) The legislative stabilization reserve account created
by 2005 Wyoming Session Laws, Chapter 191, Section 4, Section
301(d) is continued and codified. Funds within the account
shall only be expended by legislative appropriation. All funds
within the account shall be invested by the state treasurer as
authorized under W.S. 9-4-715(a), (d), (e) and (q) and all
investment earnings from the account shall be credited to the
general fund.
(b) To the extent funds are available after all other
appropriations or transfers from the legislative stabilization
reserve account to be made on or prior to June 30 of the
applicable fiscal year have been made, an amount necessary to
restore the unobligated, unencumbered balance within the public
school foundation program account to one hundred million dollars
($100,000,000.00) on June 30 of each fiscal year shall be
transferred from the legislative stabilization reserve account
into the public school foundation program account. This
subsection is repealed the month immediately following the date
that the state auditor and the state treasurer first certify to
the governor and the department of revenue, and the governor
certifies the same to the secretary of state, that the
unobligated, unencumbered balance in the legislative
stabilization reserve account is less than five hundred million
dollars ($500,000,000.00).
(c) Repealed by Laws 2021, ch. 144, § 3.