The bill amends existing laws regarding the leasing of state lands in Wyoming, specifically clarifying that state lands may be leased for residential purposes. It empowers the board of land commissioners to consider acquiring lands from the federal government that are suitable for residential leasing. Additionally, the bill emphasizes that when leasing state lands that border municipal boundaries, there should be a priority for affordable housing projects, aligning with the public interest in promoting economic welfare through increased employment and tax revenue.

Key amendments include the insertion of provisions that allow the board to lease state lands for residential purposes and prioritize affordable housing in specific areas. The bill also establishes that any land acquired from the federal government does not need to be in the same area as the lands exchanged, thereby broadening the scope for potential residential development. The act is set to take effect on July 1, 2025.

Statutes affected:
Draft 25LSO-0024: 36-1-105, 36-3-102, 36-5-114