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. 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 written approval of the attorney general to ensure their legality.

To support the program, a dedicated account is created to hold funds designated for the grant program, which can also receive donations from individuals and entities. The bill appropriates $3 million from the general fund to this account for implementing the program and mandates that any unspent funds will not lapse at the end of the fiscal year. 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.