The bill establishes new provisions regarding the acquisition, exchange, and sale of state trust lands in Wyoming. It authorizes the board to acquire, exchange, or sell fee title interests in state trust lands, with the stipulation that such actions do not result in a net increase of trust lands greater than 10,000 acres above the total acreage held by the state as of July 1, 1999. However, the board may exceed this limit through a single transaction, provided that subsequent sales or exchanges are conducted within 24 months to bring the total acreage back within the specified limits. The bill also emphasizes the need to maintain a balance in the total amount of trust land acreage across counties.

Additionally, the bill modifies existing loan provisions to allow for farm loans specifically for the purchase of isolated parcels of state trust land that are 80 acres or less. It defines "isolated parcel" as a state trust land parcel surrounded by non-state lands without access. The board is empowered to create rules and regulations for the appraisal and valuation of lands involved in exchanges and is prohibited from using eminent domain for land purchases under this act. The effective date for the implementation of this act is set for July 1, 2023.

Statutes affected:
Introduced: 11-34-109, 36-1-101, 36-1-111, 36-9-101