The bill seeks to amend various statutes in Wyoming to correct errors, remove obsolete references, and ensure consistency in the language related to educational funding. Key changes include the insertion of the term "public" before "school foundation program account" in multiple sections, which clarifies the account's purpose and funding sources. The bill also mandates that the state budget must include the governor's recommendations for appropriations from the public school foundation program account and specifies that federal funds from the schools and libraries program will be deposited into this account for educational use. Additionally, it allows the Department of Education to distribute up to $250,000 annually from the account as innovative program grants to enhance public education.

Further amendments include stipulations that no district can receive funds from facilities providing educational programs to children unless they are certified by the Department of Health and approved by the Department of Education. The bill also clarifies the limited liability of law enforcement officers acting in good faith and outlines criteria for a county-optional property tax refund program. It introduces the Wyoming stable token administration account, directing remaining funds to be distributed quarterly into the public school foundation program account. The act is scheduled to take effect on July 1, 2025.