The bill amends the distribution of federal mineral royalties received by the state of Wyoming, specifically addressing the allocation of revenue exceeding $200 million. It introduces a new subsection (p) to W.S. 9-4-601, which stipulates that for fiscal year 2026 and each subsequent fiscal year, any revenue exceeding the amount estimated in the last revenue forecast will be split equally between the common school permanent fund reserve account and the permanent Wyoming mineral trust fund reserve account. Additionally, the bill modifies existing provisions regarding appropriations to the common school permanent fund reserve account and budget reserve account, ensuring that these adjustments align with the new distribution framework.

Furthermore, the bill repeals obsolete provisions found in subsections (k), (m), and (n) of W.S. 9-4-601, streamlining the law to reflect current practices and future projections. The effective date for these changes is set for July 1, 2025. Overall, the bill aims to enhance the management and distribution of state funds derived from mineral royalties, ensuring a more equitable allocation for educational and trust fund purposes.

Statutes affected:
Introduced: 9-4-601