The bill amends Wyoming's laws concerning industrial development and the authority of the industrial siting council regarding impact assistance payments for industrial projects. It allows the council to increase the maximum allowable percentage of these payments to 2.76% if it finds that the standard percentages—2.25% for projects with estimated material costs of $350 million or less, 2% for projects between $350 million and $850 million, and 1.5% for projects exceeding $850 million—are insufficient to mitigate identified impacts. The council is required to report any increases to the joint appropriations committee and the joint minerals, business, and economic development interim committee within ten business days.

Furthermore, the bill stipulates that approvals for increased payments by the state loan and investment board are final and not subject to judicial review. It also emphasizes the role of local governments in providing evidence of impacts from industrial construction and allows them to petition for adjustments to the distribution ratio of impact assistance payments. The legislation applies only to permit applications submitted after its effective date of July 1, 2025, and includes updates to legal terminology, specifically changing "subsection" to "subsections" and adding a new subsection (p) to detail these changes.

Statutes affected:
25LSO-0069 v0.7: 35-12-105, 39-15-111, 39-16-111