The bill establishes a new Forest Health Grant Program in Wyoming, which will be administered by the state forester. The program aims to provide financial assistance for forest health projects, covering 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 support the program, a dedicated account is created to hold funds designated by law, with provisions ensuring that any unspent funds at the end of the fiscal year will not lapse but remain available for future use. The bill appropriates $3 million from the general fund to this account for implementing the program and mandates an annual report from the state forester to the joint agriculture, state and public lands and water resources interim committee detailing the grants awarded. The act is set to take effect on July 1, 2025.