The bill amends the spending policy for the permanent Wyoming mineral trust fund by changing the annual spending amount from five percent (5%) to four and one-half percent (4.5%) of the previous five-year average market value of the trust fund. This adjustment aims to modify how much can be drawn from the fund each fiscal year, potentially impacting the availability of funds for public projects and services.

The effective date for this change is set for July 1, 2025, allowing for a transition period before the new spending policy is implemented. This legislative change reflects a strategic decision to adjust the financial management of the state's permanent funds.

Statutes affected:
Introduced: 9-4-719