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 for financing public education. The bill also updates definitions and references to align with current legislative practices, particularly in relation to appropriations for school capital construction, tax distributions, and loan repayment programs. Additionally, it establishes guidelines for the distribution of funds from the foundation account to support school districts.

Moreover, the bill introduces new provisions regarding educational funding and tax refund programs, stipulating that districts can only receive funds from facilities providing educational programs to children if they are certified by the department of health and approved by the department of education. It allows the department of education to allocate up to $250,000 annually from the public school foundation program account for innovative program grants. 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. Lastly, it establishes the Wyoming stable token administration account, with funds directed to the public school foundation program account, and sets an effective date of July 1, 2025, for these changes.