The bill addresses wildfire suppression, restoration, and rehabilitation in Wyoming by appropriating significant funds from the general fund for various programs aimed at mitigating the effects of wildfires that occurred in 2024. It allocates $1 million for the special contingency division of the governor's office, $1.26 million for the disaster contingency unit, and $30 million to the emergency fire suppression account. Additionally, it designates up to $20 million for the legislative stabilization reserve account to repay borrowed funds and appropriates $100 million for restoration projects on private and state lands, along with $10 million for repairing watershed facilities. The bill also establishes a steering committee to oversee the grant process and expenditure of these funds, which will not be subject to the usual requirements of the Wyoming Wildlife and Natural Resource Funding Act.

Furthermore, the bill authorizes the governor to borrow up to $30 million from the legislative stabilization reserve account if necessary for wildfire funding, with a reporting requirement to legislative leaders. It repeals a prior borrowing authorization and sets specific effective dates for different sections of the act. The steering committee will be responsible for reviewing grant applications and ensuring that funds are used effectively, with a termination date set for December 31, 2026. The executive director of the Wyoming wildlife and natural resource trust account board will report on the expenditures annually until the funds are fully utilized.