The bill authorizes the governor of Wyoming to negotiate and enter into agreements with tribes regarding hunting, fishing, trapping, and gathering rights claims based on treaties or recognized federal rights on state lands. The agreements must be in writing and signed by both the governor and the tribe's governing body. Specific conditions are outlined for these agreements, including the requirement for tribes to adopt a game code that aligns with state regulations, the ability to enforce these codes, and adherence to state hunting and fishing seasons, among other stipulations. Additionally, the agreements must ensure that tribal activities are subject to state regulations when necessary for conservation.

The bill also mandates that the governor's office report to the joint travel, recreation, and wildlife interim committee within ten days of completing any agreement with a tribal authority. Furthermore, it grants the Wyoming game and fish commission and the Wyoming board of land commissioners the authority to create rules and regulations necessary for implementing these agreements. The act is set to take effect immediately upon the completion of all necessary legislative processes.