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After constitutional approval, SLIB will set rules for cities and counties to invest directly in stocks
Summary
Senate File 145 authorizes local governments to invest directly in stocks and equities once the State Loan and Investment Board adopts investment policy statements comparable to state standards. The governor's office and local government associations are coordinating rule drafts; SLIB expects to consider policy language in August.
CHEYENNE — The committee reviewed how Senate File 145 will let Wyoming cities, counties and special districts invest directly in stocks and equities after SLIB (the State Loan and Investment Board) adopts investment policy statements for local governments.
LSO staff summarized the bill’s structure: local governments must create an investment advisory board to advise on equities investing, SLIB must adopt investment policy statements tailored to local governments and investments must comply with SLIB’s…
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