The bill establishes a new Forest Health Grant Program in Wyoming, which will be administered by the state forester. The program aims to support forest health projects by providing grants that cover up to 75% of project costs, with the remaining funds to be sourced from matching contributions. Eligible projects include those that enhance water yield or quality, reduce wildfire risks, increase forest product production, improve wildlife and livestock habitats, or any other project deemed beneficial to forest health by the state forester. Additionally, grants will require the attorney general's written opinion to certify their legality.

To facilitate this program, a dedicated account is created to hold funds designated for the grant program, which may also receive donations from individuals and entities. The bill appropriates $3 million from the general fund to this account, ensuring that these funds do not lapse at the end of the fiscal year and can be used for the program's purposes. The state forester is also required to report annually to the joint agriculture, state and public lands and water resources interim committee on the grants awarded. The act is set to take effect on July 1, 2025.