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Wyoming Statutes Title 9. Administration of the Government § 9-1-416. Local investment pool

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Upon request by any county, municipality, school district or any other local governmental entity, and as provided in W.S. 9-3-503(a), the state treasurer shall invest funds of one (1) or more of those entities on a pooled basis in the same manner as the state treasurer makes short term investments of state funds. The state treasurer shall adopt rules and regulations which:

(i) Provide for the transmittal of funds from the entities to the state treasurer for investment, the manner in which the funds may be withdrawn from the investment pool by entities, accounting and reporting procedures and any other provisions which will effectively carry out the purposes of this section; and

(ii) Establish fees to be charged to local governmental entities which request investment assistance under this section. The fees collected shall not exceed the direct costs incurred by the state treasurer in providing the investment assistance. Fees collected under this paragraph shall be deposited into an account to be known as the investment assistance account.

(b) Nothing in this section shall be construed to require the state of Wyoming to reimburse government entities for any losses that may occur on investments under this section.

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Cite this article: FindLaw.com - Wyoming Statutes Title 9. Administration of the Government § 9-1-416. Local investment pool - last updated January 01, 2024 | https://codes.findlaw.com/wy/title-9-administration-of-the-government/wy-st-sect-9-1-416/

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