The bill establishes a new Forest Health Grant Program in Wyoming, which will be administered by the state forester. The program aims to fund forest health projects that enhance water yield or quality, reduce wildfire risks, increase forest product production, improve wildlife and livestock habitats, and other beneficial projects as determined by the state forester. Grants will cover up to 75% of project costs, with matching funds required for the remaining amount. Additionally, the attorney general must certify the legality of each grant before approval.

A dedicated account for the Forest Health Grant Program is created, consisting of designated funds and donations, with provisions ensuring that unspent funds do not lapse at the end of the fiscal year. The state forester is required to report annually on the grants awarded, and the program will sunset on July 1, 2029, with specific instructions for handling unobligated funds. The bill appropriates $3 million from the general fund 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.