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CHEYENNE, Wyo. (AP) — Wyoming lawmakers are asking state voters to allow them to invest more state money in the stock market.
A ballot measure going before voters in the November election would change the Wyoming Constitution to allow the investment of billions more dollars of state funds in stocks. The measure would affect roughly $6 billion in state funds that's now limited to investment in bonds.
Proponents of the measure include Wyoming Treasurer Mark Gordon. He says the state's faltering energy economy combined with low yields on bonds make it important for voters to approve the measure.
Some state lawmakers who opposed the measure last year say they don't want to see the state risk money that it can't afford to lose in the stock market.
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