The bill amends Wyoming's laws regarding industrial development and the authority of the industrial siting council, specifically concerning impact assistance payments for industrial projects. It allows the council to increase these payments beyond previously established maximum percentages, with the new maximum set at 2.76% for projects with estimated material costs exceeding $350 million. This increase is contingent upon approval from the state loan and investment board, which will review the proposal without considering new evidence. The council's decisions regarding these payment increases are made final, as they are not subject to judicial review. Additionally, the bill includes requirements for the council to report to the joint appropriations committee and the joint minerals, business, and economic development interim committee within ten business days of any payment percentage increase.

Furthermore, the bill mandates that all counties, cities, and towns receiving impact assistance payments must submit an annual report to the industrial siting council detailing the utilization of these funds, with the first report due one year after payment approval. The council is also responsible for adopting necessary rules to implement this reporting requirement. Overall, the bill aims to provide greater financial flexibility for local governments impacted by large industrial projects while ensuring accountability through structured reporting. The changes will apply only to impact assistance payments for industrial facility permit applications submitted after the act's effective date of July 1, 2025.

Statutes affected:
Introduced: 35-12-105, 39-15-111, 39-16-111
Engrossed: 35-12-105, 39-15-111, 39-16-111