Requires the state treasurer to invest up to $60 million in Wyoming Community Development Authority bonds for veterans and first-time homebuyers.
Wyoming HB0067 mandates the state treasurer to invest up to $60 million from the permanent Wyoming mineral trust fund in bonds issued by the Wyoming Community Development Authority. These bonds finance mortgage loans for veterans and first-time homebuyers at a rate two percent below the available mortgage rate. This investment is exempt from the general limit on specific public purpose investments. The provision expires on July 1, 2028. The act takes effect July 1, 2025.
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