The bill amends various provisions related to the leasing and improvement of state lands in Wyoming. Key changes include increasing the maximum value of improvements a lessee can make without prior permission from $2,000 to $4,000 per section, and extending the maximum lease term from 75 years to 99 years. Additionally, the bill introduces the option for leases to be used for residential purposes and mandates compliance with minimum state standards set by regulatory agencies. It also clarifies the process for appraising improvements on state lands, shifting from "contributory value" to "depreciated market value," and establishes a new definition for "market value" in the context of improvements made under commercial or residential leases.

Furthermore, the bill specifies that any improvements exceeding the new $4,000 threshold must be applied for under a separate special use lease, and it allows for the removal of improvements within 120 days after lease expiration. The board of land commissioners is tasked with creating rules and regulations for long-term leasing, ensuring compliance with state standards, and retaining the authority to terminate leases for just cause. The effective date for these changes is set for July 1, 2023.

Statutes affected:
Introduced: 36-5-110, 36-5-111, 36-5-114, 36-5-115, 36-9-103, 36-9-105