The bill introduces comprehensive reforms to the management and distribution of public funds in Wyoming, including the repeal of certain accounts and subaccounts, as well as amendments to appropriations and loan authority. A key provision mandates the withholding of annual distributions to counties, cities, and towns that do not meet specific reporting requirements, with withheld funds retained until compliance is achieved. The bill also establishes a new general fund reserve amount that must be maintained and outlines the transfer of excess funds to the legislative stabilization reserve account at the end of each biennial budget period. Additionally, it clarifies the distribution of funds to local governments, specifying a 30% allocation to counties and 70% to cities and towns based on population.

Moreover, the bill creates new accounts for municipal solid waste facilities, including the municipal solid waste cease and transfer grant account and the municipal solid waste cease and transfer loan account, with funds allocated for grants and loans to support solid waste management activities. Interest earned from these accounts will now be deposited into the general fund instead of the budget reserve account. The bill also repeals the budget reserve account and the strategic investments and projects account, with all funds from these accounts set to be transferred to the general fund by July 1, 2026. The overall aim of the bill is to streamline funding processes, enhance compliance and accountability among local governments, and consolidate financial resources into the general fund.

Statutes affected:
Introduced: 9-2-102, 9-4-220