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 the council's justification that the standard percentage is insufficient to address identified impacts, and such decisions are not subject to judicial review. Additionally, the council must report to the joint appropriations committee and the joint minerals, business, and economic development interim committee within ten business days of any increase, providing supporting data for the adjustment.

Furthermore, the bill mandates that counties, cities, and towns receiving impact assistance payments submit annual reports to the industrial siting council detailing the expenditure of these funds, starting one year after payment approval and continuing until all funds are fully expended. The industrial siting council is also tasked with adopting necessary rules to implement this reporting requirement. The changes introduced by this bill will apply only to impact assistance payments for industrial facility permit applications submitted after the 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