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, with the remaining funds to be sourced from matching contributions. Eligible projects include those that enhance water yield or quality, reduce wildfire risks, increase forest product production, improve wildlife and livestock habitats, or otherwise benefit forest health. The attorney general must approve all grants to ensure their legality, and an account is created to manage the funds designated for this program.

Additionally, the bill appropriates $3 million from the general fund to support the Forest Health Grant Program, with stipulations that the funds will not lapse or revert at the end of any fiscal period without further legislative action. The state forester is required to report annually on the grants awarded, and the program will sunset on July 1, 2029, at which point any remaining funds will be returned to their original sources or revert to the general fund. The act is set to take effect on July 1, 2025.