H.B. No. 0134

Capital construction financing.

 

Sponsored By:                              Select Committee on Capital Financing and Investments

 

AN ACT relating to state capital construction; creating a capital financing commission; specifying composition, powers and duties of the commission; eliminating the state building commission; assigning functions and duties of the state building commission to other state entities; combining certain state bonding authority provisions; repealing, increasing and amending certain existing state bonding authority provisions; modifying school capital construction financing provisions; amending certain mineral royalty revenue distributions; authorizing the pledge of certain revenues for bonds for school and other capital construction projects; specifying use of bond proceeds; making conforming amendments; and providing for effective dates.

 

1/15/2003         Bill Number Assigned

1/16/2003         H Received for Introduction

1/16/2003         H Introduced and Referred to H09

1/27/2003         H09 Recommended Amend and Do Pass

 

ROLL CALL

Ayes:  Representative(s) Childers, Cooper, Esquibel, Illoway, Latta, Law, Meyer, Miller, D. and Walsh

Ayes 9    Nays 0    Excused 0    Absent 0    Conflicts 0

 

1/27/2003         H Placed on General File

 

1/31/2003         H Amendments Considered

HB0134HS001/A     ADOPTED

Page 8-line 2                                          After "terms." insert "No more than one (1) resident of any county shall be appointed to the commission.".  LAW, CHAIRMAN

 

HB0134HW001/F     FAILED

Page 15-line 13                                      Delete "two".

Page 15-line 14                                      Delete the line through "($250,000,000.00)" insert "two hundred ten million dollars ($210,000,000.00)".

Page 17-line 4                                        Delete "three hundred".

Page 17-line 5                                        Delete the line through "($350,000,000.00)" insert "two hundred million dollars ($200,000,000.00)".

Page 51-line 6                                        Delete "three".

Page 51-line 7                                        Delete the line through "($350,000,000.00)" insert "two hundred million dollars ($200,000,000.00)".

Page 51-line 12                                      Delete "three hundred fifty million".

Page 51-line 13                                      Delete the line through "($350,000,000.00)" insert "two hundred million dollars ($200,000,000.00)".  BOSWELL

 

1/31/2003         H Passed CoW

 

2/3/2003          H Amendments Considered

HB0134H2001/F     FAILED

Page 2-line 2                                          Delete "9-5-109,".

Page 2-lines 5 through 23                   Delete.

Page 3-lines 1 through 24                   Delete.

Page 4-lines 1 through 24                   Delete.

Page 5-lines 1 through 14                   Delete.

Page 6-line 11                                        Delete "through 9-5-109" insert ", 9-5-108".

Page 9-line 3                                          Delete "through 9-5-109" insert "and 9-5-108".

Page 9-line 16                                        Delete "through 9-5-109" insert "and 9-5-108".

Page 11-line 1                                        Delete "through 9-5-109" insert "and 9-5-108".

Page 15-line 12                                      Delete "through".

Page 15-line 13                                      Delete "9-5-109" insert "and 9-5-108".

Page 27-line 5                                        Delete "9-5-109" insert "9-5-108".

Page 47-line 1                                        Delete ", through" insert ". The recommendation shall specify the amount of appropriation or bonding authority required for each recommended project.  If additional bonding authority is required under a recommendation, the type and amount of authority shall be specified. The recommendation may include".

Page 47-line 8                                        Delete ";" insert ".".

Page 47-lines 10 and 11                                       Delete. 

Page 47-line 18                                      Delete "developed pursuant to W.S. 9-5-109".

Page 49-line 8                                        Delete "," insert "and"; after "9-5-108" insert ":" delete "and".

Page 49-line 9                                        Delete.

Page 53-line 9                                        Delete "pursuant to".

Page 53-line 10                                      Delete "W.S. 9-5-109".  BOSWELL

 

2/3/2003          H Passed 2nd Reading

2/4/2003          H Passed 3rd Reading

 

ROLL CALL

Ayes:  Representative(s) Anderson, R., Bagby, Baker, Berger, Brechtel, Buchanan, Bucholz, Childers, Cooper, Edwards, Hageman, Harshman, Harvey, Hinckley, Iekel, Illoway, Jansen, Johnson, W., Jones, Latta, Law, Lockhart, Luthi, McMurtrey, McOmie, Meuli, Miller, D., Nicholas, Olsen, Osborn, Parady, Petersen, Philp, Powers, Prosser, Ross, Simpson, Slater, Tipton, Walsh, Wasserburger and Wostenberg.

Nays:  Representative(s) Alden, Boswell, Cohee, Diercks, Esquibel, Gentile, Gilmore, Johnson, L., Jorgensen, Landon, Martin, Meyer, Morgan, Reese, Robinson, Semlek, Thompson and Warren.

Ayes 42    Nays 18    Excused 0    Absent 0    Conflicts 0

 

2/5/2003          S Received for Introduction

2/5/2003          S Introduced and Referred to S09

2/13/2003         S09 Recommended Amend and Do Pass

 

ROLL CALL

Ayes:  Senator(s) Barrasso, Coe, Hawks and Mockler

Nays:  Senator(s) Decaria

Ayes 4    Nays 1    Excused 0    Absent 0    Conflicts 0

 

2/13/2003         S Placed on General File

 

2/24/2003         S Amendments Considered

HB0134SS001/AE    (TO ENGROSSED COPY)     ADOPTED

Page 1-line 3                                          After "commission;" delete balance of line.

Page 1-lines 4 and 5                             Delete.

Page 2-line 2                                          Delete "9-5-109,".

Page 2-lines 5 through 23                   Delete.

Page 3-lines 1 through 24                   Delete.

Page 4-lines 1 through 24                   Delete.

Page 5-lines 1 through 14                   Delete.

Page 6-line 11                                        Delete "through 9-5-109".

Page 6-line 21                                        After "cost" insert ".  For state projects, the commission shall use the state building commission's determination of costs for carrying out a project as the nonfinancing portion of the project cost".

Page 8-lines 19 through 24                 Delete and renumber.

Page 9-lines 1 through 3                                     Delete and renumber.

Page 9-line 5                                          Delete "(iv)" insert "(ii)".

Page 9-line 15                                        Delete "(v)" insert "(iii)".

Page 9-line 16                                        After "act," insert "its functions under"; delete "through 9-5-109".

Page 9-line 19                                        Delete "(vi)" insert "(iv)".

Page 9-line 23                                        Delete "(vii)" insert "(v)".

Page 10-line 4                                        Delete "(viii)" insert "(vi)".

Page 10-line 23                                      Delete "recommendation and".

Page 10-line 24                                      Delete "prioritization" insert "funding".

Page 11-line 1                                        Delete "through 9-5-109".

Page 15-line 12                                      Delete "through".

Page 15-line 13                                      Delete "9-5-109" insert "and 9-5-108".

Page 25-line 11                                      After "(d)(i)," delete balance of line.

Page 25-line 12                                      Delete.

Page 25-line 19                                      Delete.

Page 25-line 20                                      Delete through "and (b),".

Page 25-line 21                                      Delete "(d)(intro),"; delete ", (f)".

Page 26-line 1                                        Delete "24-2-109(b)(iii),".

Page 27-line 3                                        After "construction" insert "based upon recommendations of the state building commission".

Page 27-line 5                                        Delete "9-5-109" insert "9-5-107".

Page 27-lines 8 through 24                 Delete.

Page 28-lines 1 through 24                 Delete.

Page 29-lines 1 through 7                   Delete.

Page 39-lines 7 through 24                 Delete.

Pages 40 through 44                                            Delete.

Page 45-lines 1 and 2                           Delete.

Page 45-line 4                                        After "State" insert "building commission and state".

Page 45-lines 8 through 16                 Reinsert all stricken language and delete all new language.

Page 45-line 24                                      Strike "October" insert "September".

Page 46-line 5                                        Delete "October" insert "September".

Page 46-line 8                                        Reinsert stricken language.

Page 46-line 23                                      Delete "The listing shall".

Page 46-line 24                                      Delete "contain" insert "The state building commission shall provide the listing to the state capital financing commission which shall make".

Page 47-line 1                                        Delete ", through" insert ". The recommendation shall specify the amount of appropriation or bonding authority required for each recommended project.  If additional bonding authority is required under a recommendation, the type and amount of authority shall be specified. The recommendation may include".

Page 47-line 8                                        Delete ";" insert ".".

Page 47-lines 10 and 11                                       Delete. 

Page 47-line 14                                      Before "commission" insert "state building commission and capital financing"; after "commission" insert "jointly".

Page 47-line 18                                      Delete "developed pursuant to W.S. 9-5-109".

Page 47-lines 22 through 24               Delete.

Page 48-line 3                                        Reinsert stricken "state building".

Page 48-line 11                                      Before "commission" insert "state building".

Page 48-line 13                                      Reinsert stricken "state building".

Page 49-lines 1 through 6                   Delete.

Page 49-line 8                                        After "section" delete "," insert "and"; after "9-5-108" insert "," delete "and".

Page 49-line 9                                        Delete.

Page 49-lines 11 and 12                                       Delete.

Page 49-line 14                                      Delete "(ii)".

Page 50-line 1                                        Before "commission" insert "state building".

Page 53-line 9                                        Delete "pursuant to".

Page 53-line 10                                      Delete "W.S. 9-5-109".

Page 55-lines 9 through 24                 Delete.

Page 56-line 8                                        Reinsert stricken "building"; before "loan" insert "commission, state".

Page 56-line 16                                      After "Monitor" insert "state building commission and".

Page 56-line 22                                      After "state" insert "building commission and state".

Page 57-line 5                                        After "state" insert "building commission and state".

Page 57-line 19                                      After "for" insert "the financing of".

Page 60-line 5                                        After "W.S." delete balance of the line.

Page 60-line 6                                        Delete "9-5-101(a),".

Page 60-line 7                                        Delete "9-5-108(e),".

Page 60-lines 10 through 24               Delete and renumber.

Page 61-lines 1 and 2                           Delete.

Page 61-line 4                                        Delete "5" insert "4".

Renumber as necessary.  HAWKS, CHAIRMAN

 

HB0134SW001/AE    (TO ENGROSSED COPY)     ADOPTED

Page 15-line 13                                      Delete "two".

Page 15-line 14                                      Delete entirely and insert "one hundred seventy-five million dollars ($175,000,000.00) in".

Page 17-line 4                                        Delete "three hundred".

Page 17-line 5                                        Delete the line through "($350,000,000.00)" insert "two hundred fifty million dollars ($250,000,000.00)".

Page 33-line 9                                        Delete "Twelve million dollars ($12,000,000.00)" insert "Seven million five hundred thousand dollars ($7,500,000.00)".

Page 33-line 14                                      Delete "Sixteen million dollars ($16,000,000.00)" insert "Eleven million dollars ($11,000,000.00)".

Page 51-line 6                                        Delete "three".

Page 51-line 7                                        Delete the line through "($350,000,000.00)" insert "two hundred fifty million dollars ($250,000,000.00)".

Page 51-line 12                                      Delete "three hundred fifty million".

Page 51-line 13                                      Delete the line through "($350,000,000.00)" insert "two hundred fifty million dollars ($250,000,000.00)".  MEIER, COE

 

2/24/2003         S Passed CoW

 

2/25/2003         S Amendments Considered

HB0134S2001/AE    (TO ENGROSSED COPY)     ADOPTED

Page 33-line 6                                        Delete "July 1, 2003" insert "April 1, 2004". 

Page 33-line 7                                        Delete "July 1, 2003" insert "April 1, 2004".

Page 38-line 18                                      Delete "June 30, 2003" insert "March 31, 2004".

Page 38-line 23                                      Delete "July 1, 2003" insert "April 1, 2004".

Page 61-after line 2                               Insert and renumber:

"Section 4.  The state capital financing commission shall not issue nor undertake any activity to issue any bond under this act prior to April 1, 2004.  The legislature affirms that the authority of the state loan and investment board to issue bonds pursuant to W.S. 9-4-605 shall remain in effect through March 31, 2004 and that the provisions of this act shall not, for any purpose including but not limited to references to bonding authority contained in 2003 House Bill 0001 or 2003 Senate File 0001, be construed as prohibiting the state loan and investment board from issuing bonds under that section prior to March 31, 2004.".

Page 61-line 4                                        Delete "4" insert "5".  MOCKLER

 

HB0134S2002/AE    (TO ENGROSSED COPY)     ADOPTED

Delete the Meier, Coe Committee of the Whole amendment (HB0134SW001/AE) entirely and further amend as follows:

Page 1-line 7                                          Delete ", increasing".

Page 1-line 9                                          After "provisions;" delete balance of the line.

Page 1-line 10                                        Delete the line through "distributions;".

Page 15-line 12                                      Delete "W.S. 9-4-601(m)(iii)" insert "this section"; before "9-5-107" insert "W.S.".

Page 15-line 13                                      Delete "two".

Page 15-line 14                                      Delete entirely and insert "one hundred five million dollars ($105,000,000.00) in".

Page 15-line 18                                      Delete "Sufficient revenues to".

Page 15-lines 19 through 24               Delete.

Page 16-lines 1 through 14                 Delete and insert "Prior to distribution to the public school foundation program account under W.S. 9-4-601(a)(ii), sufficient revenues for the purposes of this subsection shall be deducted therefrom and credited to a bond repayment account pursuant to the terms of the resolution, indenture or other appropriate proceeding authorizing the issuance of revenue bonds under this subsection. To the extent that sufficient revenues are not available to fully fund the bond repayment account as provided by this subsection, prior to any distribution to the highway fund under W.S. 9-4-601(a)(iii), sufficient additional revenues for the purpose of this subsection shall be deducted therefrom and credited to the bond repayment account under this subsection. The revenues deducted shall be used as provided by this subsection. The balance of the revenues shall be credited to the public school foundation program account and the highway fund as provided by W.S. 9-4-601.".

Page 17-line 4                                        Delete "three hundred".

Page 17-line 5                                        Delete the line through "($350,000,000.00)" insert "one hundred million dollars ($100,000,000.00)".

Page 25-line 14                                      Before "(ii)," delete "(intro),"; delete "(vii), (d)(intro) and by".

Page 25-line 15                                      Delete.

Page 25-line 16                                      Delete the line through "(iv),".

Page 25-line 23                                      Delete "(a) and".

Page 30-lines 1 through 23                 Delete all new language.

Page 31-line 5                                        After "9-4-605(a)" insert "and 9-5-405(a)".

Page 31-lines 9 through 24                 Delete.

Page 32-lines 1 through 24                 Delete.

Page 33-lines 1 through 24                 Delete.

Page 34-lines 1 through 10                 Delete.

Page 50-lines 7 through 23                 Delete.

Page 51-lines 1 and 2                           Delete.

Page 51-lines 6 and 7                           Reinsert all stricken language and delete all new language.

Page 51-lines 11 through 13               Reinsert all stricken language and delete all new language.

Page 52-line 9                                        Delete "and".

Page 52-line 10                                      Delete "9-4-601(a)(vii)".  MOCKLER, MEIER

 

HB0134S2003/ACE   (CORRECTED COPY)  (TO ENGROSSED COPY)     ADOPTED

Page 10-line 12                                      Delete "necessary" insert "a"; after "staff" insert "person".

Page 10-line 13                                      Before "shall" delete "and" insert "who".

Page 10-line 14                                      After "commission" insert "." and delete balance of line.

Page 10-line 15                                      Delete.  MASSIE

 

2/25/2003         S Passed 2nd Reading

 

2/26/2003         S Amendments Considered

HB0134S3001/AE    (TO ENGROSSED COPY)     ADOPTED

Page 30-lines 1 through 23                 Delete all new language and reinsert all stricken language.

Page 33-lines 1 through 7                   Delete including the Mockler Second Reading Amendment (HB0134S2001/AE) to these lines.  MOCKLER

 

2/26/2003         S Passed 3rd Reading

 

ROLL CALL

Ayes:  Senator(s) Anderson, J., Barrasso, Boggs, Burns, Caller, Coe, Devin, Geis, Hanes, Hawks, Kunz, Larson, Massie, Meier, Mockler, Northrup, Peck, Roberts, Sessions and Vasey.

Nays:  Senator(s) Barton, Case, Cathcart, Decaria, Erb, Goodenough, Hines, Job, Schiffer and Scott.

Ayes 20    Nays 10    Excused 0    Absent 0    Conflicts 0

 

2/27/2003         H Did Not Concur

 

ROLL CALL

Ayes:  Representative(s) Bagby, Boswell, Brechtel, Diercks, Esquibel, Gentile, Gilmore, Johnson, L., Landon, Morgan, Reese, Robinson, Thompson, Tipton and Warren.

Nays:  Representative(s) Alden, Anderson, R., Baker, Berger, Buchanan, Bucholz, Childers, Cohee, Cooper, Edwards, Hageman, Harshman, Harvey, Hinckley, Iekel, Illoway, Jansen, Johnson, W., Jones, Jorgensen, Law, Lockhart, Luthi, Martin, McMurtrey, McOmie, Meuli, Meyer, Miller, D., Nicholas, Olsen, Osborn, Parady, Petersen, Philp, Powers, Prosser, Ross, Semlek, Simpson, Slater, Walsh, Wasserburger and Wostenberg.

Excused:  Representative(s) Latta

Ayes 15    Nays 44    Excused 1    Absent 0    Conflicts 0

 

2/28/2003         H Appointed JCC01 Members

                  Baker, Jorgensen and Parady

2/28/2003         S Appointed  JCC01 Members

                  Coe, Job and Mockler

 

HB0134JC01/AF     ADOPTED/FAILED

Adopt the following Senate amendments:

HB0134S2003/ACE

HB0134S2002/AE

HB0134SS001/AE

Delete the following Senate amendments:

HB0134S3001/AE

HB0134S2001/AE

HB0134SW001/AE

Further amend the ENGROSSED COPY as follows:

Page 1-line 7                                          Before "repealing" insert "increasing,".

Page 15-line 12                                      After "and" insert "W.S.".

Page 15-line 14                                      Delete entirely including the Mockler, Meier Senate Second Reading Amendment (HB0134S2002/AE) to this line and insert "one hundred twenty-five million dollars ($125,000,000.00) in".

Page 30-lines 1 through 23                 Delete all new language and reinsert all stricken language.

Page 38-line 18                                      Delete "June 30, 2003" insert "March 31, 2004".

Page 38-line 23                                      Delete "July 1, 2003" insert "April 1, 2004".

Page 61-after line 2                               Insert and renumber:

"Section 4.  The state capital financing commission shall not issue nor undertake any activity to issue any bond under this act prior to April 1, 2004.  The legislature affirms that the authority of the state loan and investment board to issue bonds pursuant to W.S. 9-4-605 shall remain in effect through March 31, 2004 and that the provisions of this act shall not, for any purpose including but not limited to references to bonding authority contained in 2003 House Bill 0001, be construed

as prohibiting the state loan and investment board from issuing bonds under that section prior to March 31, 2004.".

Renumber as necessary.

BAKER, JORGENSEN, PARADY, COE, JOB, MOCKLER

 

3/5/2003          H Adopted HB0134JC01

 

ROLL CALL

Ayes:  Representative(s) Alden, Anderson, Baker, Berger, Brechtel, Buchanan, Bucholz, Childers, Cohee, Cooper, Edwards, Gilmore, Hageman, Harshman, Harvey, Hinckley, Iekel, Illoway, Jansen, Johnson, W., Jones, Jorgensen, Landon, Latta, Law, Luthi, McOmie, Meuli, Meyer, Miller, Nicholas, Olsen, Osborn, Parady, Petersen, Philp, Powers, Prosser, Reese, Ross, Semlek, Simpson, Slater, Thompson, Tipton, Walsh, Wasserburger and Wostenberg

Nays:  Representatives: Bagby, Boswell, Diercks, Esquibel, Gentile, Johnson, L., Martin, McMurtrey, Morgan, Robinson and Warren

Excused:  Representative(s) Lockhart

Ayes 48    Nays 11    Excused 1    Absent 0    Conflicts 0

 

3/5/2003          S Did Not Adopt  HB0134JC01

 

ROLL CALL

Ayes:  Senator(s) Barton, Boggs, Coe, Hanes, Hawks, Job, Larson, Massie, Meier, Mockler, Peck, Sessions and Vasey.

Nays:  Senator(s) Burns, Caller, Case, Decaria, Erb, Geis, Goodenough, Hines, Northrup, Roberts, Schiffer and Scott.

Excused:  Senator(s) Anderson, J., Barrasso, Cathcart, Devin and Kunz.

Ayes 13    Nays 12    Excused 5    Absent 0    Conflicts 0

 

3/6/2003          H Appointed JCC02 Members

                  Baker, Jorgenson and Parady

3/5/2003          S Appointed  JCC02 Members

                  Coe, Job and Mockler

 

HB0134JC02/AA     ADOPTED

Adopt the following Senate amendments:

HB0134S2003/ACE

HB0134S2002/AE

HB0134SS001/AE

Delete the following Senate amendments:

HB0134S3001/AE

HB0134S2001/AE

HB0134SW001/AE

Further amend the ENGROSSED COPY as follows:

Page 1-line 7                                          Before "repealing" insert "increasing,".

Page 15-line 12                                      After "and" insert "W.S.".

Page 15-line 14                                      Delete entirely including the Mockler, Meier Senate Second Reading Amendment (HB0134S2002/AE) to this line and insert "one hundred twenty-five million dollars ($125,000,000.00) in".

Page 30-lines 1 through 23                 Delete all new language and reinsert all stricken language.

Page 38-line 18                                      Delete "June 30, 2003" insert "March 31, 2004".

Page 38-line 23                                      Delete "July 1, 2003" insert "April 1, 2004".

Page 61-after line 2                               Insert and renumber:

"Section 4.  The state capital financing commission shall not issue nor undertake any activity to issue any bond under this act prior to April 1, 2004.  The legislature affirms that the authority of the state loan and investment board to issue bonds pursuant to W.S. 9-4-605 shall remain in effect through March 31, 2004 and that the provisions of this act shall not, for any purpose including but not limited to references to bonding authority contained in 2003 House Bill 0001, be construed as prohibiting the state loan and investment board from issuing bonds under that section prior to March 31, 2004.".

Renumber as necessary.

JORGENSEN, PARADY, COE, JOB, MOCKLER

 

3/6/2003          H Adopted HB0134JC02

 

ROLL CALL

Ayes:  Representative(s) Anderson, R., Berger, Buchanan, Bucholz, Childers, Cohee, Cooper, Edwards, Hageman, Harshman, Harvey, Hinckley, Iekel, Illoway, Jansen, Johnson, W., Jones, Latta, Law, Lockhart, Luthi, McMurtrey, McOmie, Meuli, Miller, D., Nicholas, Olsen, Osborn, Parady, Petersen, Philp, Powers, Prosser, Ross, Simpson, Slater, Tipton, Walsh, Wasserburger.

Nays:  Representative(s) Alden, Bagby, Baker, Boswell, Brechtel, Diercks, Esquibel, Gentile, Gilmore, Johnson, L., Jorgensen, Landon, Martin, Meyer, Morgan, Reese, Robinson, Semlek, Thompson, Warren, Wostenberg.

Ayes 39  Nays 21  Excused 0  Absent 0  Conflict 0

 

3/6/2003          S Adopted HB0134JC02

 

ROLL CALL

Ayes:  Senator(s) Anderson, J., Barrasso, Boggs, Caller, Coe, Devin, Hanes, Hawks, Job, Kunz, Larson, Massie, Meier, Mockler, Northrup, Peck, Roberts, Sessions and Vasey.

Nays:  Senator(s) Barton, Burns, Case, Cathcart, Decaria, Erb, Geis, Goodenough, Hines, Schiffer and Scott.

Ayes 19    Nays 11    Excused 0    Absent 0    Conflicts 0

 

3/6/2003          Assigned Number HEA 0133

3/6/2003          H Speaker Signed HEA No. 133

3/6/2003          S President Signed HEA No. 0133

3/17/2003         Governor Vetoed HEA No. 0133