The proposed bill establishes a Large Energy Project Funding Program in Wyoming, which includes the creation of new definitions and requirements for large energy projects. It defines a "large energy project" as any energy initiative seeking or previously awarded state funds of $400,000 or more. The bill mandates that any state or local governmental entity, referred to as the "awarding entity," must report annually to the joint appropriations committee on the status of state funds awarded for these projects. Additionally, it stipulates that no state funds can be expended for large energy projects without legislative authorization, with a provision allowing for limited additional funding without further legislative approval.

The bill also amends existing statutes to ensure compliance with the new funding requirements for large energy projects. Specifically, it inserts language into W.S. 9-12-104 and 37-5-503, requiring the council and authority, respectively, to adhere to the new definitions and approval processes outlined in the bill before awarding any funds for large energy projects. The act is set to apply to all large energy projects for which state funds are appropriated on or after July 1, 2025, and will take effect on that same date.

Statutes affected:
Introduced: 9-12-104, 37-5-503