This bill establishes the integrated test center as a permanent entity under the governance of the University of Wyoming's School of Energy Resources, which will oversee its operations and ensure alignment with state energy objectives. The bill mandates the transfer of all assets, obligations, and unexpended funds from the integrated test center to the University of Wyoming upon the act's effective date. It also outlines the responsibilities of the School of Energy Resources, including the design and operation of a facility for carbon dioxide emissions research, the establishment of leasing agreements, and the prioritization of projects that enhance Wyoming's energy market.

Additionally, the bill introduces new budget procedures for the School of Energy Resources, allowing it to include a budget for the integrated test center in its submissions to the energy resources council and the governor. It requires annual reporting on the center's activities and contributions to Wyoming's economy, ensuring transparency and accountability. The act also preserves existing agreements and contracts related to the integrated test center, ensuring that prior commitments remain intact despite the transition to the new governance structure. The bill is set to take effect immediately upon its passage.

Statutes affected:
Introduced: 21-17-117