H.B. No. 0178

Tobacco securitization.

Sponsored By: Select Committee on Capital Financing and Investments

AN ACT relating to public funds; establishing a corporation as a state instrumentality to securitize specified tobacco settlement proceeds; specifying corporate directors, powers and duties; authorizing the sale of future tobacco receipts as specified; authorizing the sale of securities by the corporation as specified; providing for the redistribution of federal mineral royalties, severance taxes, specified state investment earnings and proceeds related to the tobacco master settlement agreement; creating an account within the permanent Wyoming mineral trust fund; providing for the deposit of the tobacco settlement trust account and other deposits to the account; repealing the tobacco settlement trust account; and providing for an effective date.

1/20/2003 Bill Number Assigned

1/21/2003 H Received for Introduction

1/21/2003 H Introduced and Referred to H10

3/6/2003 H Indefinitely Postponed