SF 21

This bill would authorize the Wyoming Stable Token Commission to accept federal grants and other contributions, grants, gifts, transfers, bequests, and donations of money from any source for deposit into the Wyoming Stable Token Trust Account. This bill would authorize the Wyoming Stable Token Commission to invest these funds in money market funds in accordance with federal law. This bill would modify the distribution of funds within the Wyoming Stable Token Administration Account by allowing the account to be used to pay operational costs of the Wyoming Stable Token Act once the Wyoming Stable Token Trust Account's investment earnings exceed 100% of the notional value of all outstanding Wyoming Stable Tokens. After paying operational costs, this bill would require that funds be transferred back to the Wyoming Stable Token Trust Account to ensure that investment earnings reach 102% of the notional value of all outstanding Wyoming Stable Tokens before any funds may be allocated for savings or distributed to the public school foundation program account.