This bill amends the Wyoming statutes regarding the administration of the state budget, specifically increasing the required recommendation amount of estimated general fund receipts to be appropriated to the budget reserve account. The bill changes the recommendation from a minimum of five percent (5%) to ten percent (10%) of estimated general fund receipts for the next biennial budget period. This appropriation is in addition to any existing fund balance in the budget reserve account and mandates that any excess general fund appropriations at the end of the biennium be transferred into this account.

Additionally, the bill makes conforming amendments to ensure that the total recommended appropriations for any two fiscal year budget period do not exceed the total estimated revenues for that period. It specifies that the estimated revenues will not include increases from new legislation but will include unencumbered balances in other accounts, while also excluding certain funds such as pension funds and nonexpendable trust funds. The act is set to take effect immediately upon completion of the necessary legislative processes.

Statutes affected:
Introduced: 9-2-1012, 9-2-1013