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Committee approves $60 million WCDA bond investment after adding borrower protections and sunset
Summary
The joint committee approved a bill authorizing the treasurer to invest up to $60 million in Wyoming Community Development Authority bonds after amending the measure to use the Permanent Fund, require the treasurer to act, and direct preferential terms and a sunset for targeted loan programs for veterans and first‑time buyers.
The Joint Corporations, Elections & Political Subdivisions Committee approved legislation to authorize a state investment in Wyoming Community Development Authority (WCDA) bonds, voting 8–6 to advance the measure as amended.
Josh Anderson of the Legislative Service Office introduced 25LSO0018 as a bill to permit the state treasurer to invest “not to exceed $60,000,000” in WCDA bonds. Dawn Williams, deputy state treasurer, told the committee the treasurer’s office would not choose this illiquid investment for its reserve accounts and urged changing the funding source and narrowing the treasurer’s obligations.
WCDA Executive Director Scott Hovarsland told the…
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