The proposed bill establishes a 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 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 serve other public purposes as determined by the state forester. Additionally, the bill mandates that no grants can be awarded without the attorney general's written opinion certifying their legality.

The bill also creates a dedicated account for the Forest Health Grant Program, which will consist of designated funds and allow for donations from individuals and entities. Any unspent funds at the end of a fiscal year will not lapse but will remain in the account for future use. The state forester is required to report annually on the grants awarded, and the program will sunset on July 1, 2029, with provisions for the return or reversion of funds based on their source. An appropriation of $3 million from the general fund is included to support the program, which will remain available until further legislative action is taken. The act is set to take effect on July 1, 2025.