The bill establishes a spending policy for the Wyoming wildlife and natural resource trust account and modifies the management of the Wyoming's tomorrow scholarship expenditure account. It introduces a new subsection (s) to W.S. 9-15-103, which specifies that starting July 1, 2023, the earnings from the trust account will be credited to the income account for expenditure, with the available amount capped at five percent (5%) of the five-year average market value of the trust account. Additionally, it mandates that any excess funds beyond three hundred percent (300%) of the spending policy amount be transferred to the trust account. The bill also modifies the calculation of the average market value for the Wyoming's tomorrow scholarship endowment fund, changing the percentage for fund transfers from nine percent (9%) to twenty-one percent (21%).

Furthermore, the bill outlines specific transfers from the legislative stabilization reserve account to various accounts, including $15 million to the Wyoming's tomorrow scholarship expenditure account, $90 million to the scholarship endowment fund, and $12.215 million to the wildlife and natural resource trust account. These changes aim to enhance the management and distribution of public funds related to wildlife and education in Wyoming. The act is set to take effect on July 1, 2023.

Statutes affected:
Introduced: 9-15-103, 21-16-1902