A proposed constitutional amendment would let the state treasurer invest money from the state’s non-permanent savings and trust funds into the stock market.
The Wyoming House started work on the bill this week. House Appropriations Chairman Steve Harshman says the idea is to let the treasurer be more aggressive and get a better financial return.
“And the rules are really changing, we used to think that interest bearing or bonds were always the safest. As we know now those aren’t always the safest as we once thought.”
The Proposed Constitutional Amendment needs a two thirds vote to pass. If approved and signed by the governor, citizens will be asked to vote on the proposal.