The bill amends existing laws regarding the administration of the state budget in Wyoming, specifically increasing the required recommendation amount of estimated general fund receipts to be appropriated to the budget reserve account. The governor is now mandated to recommend that not less than ten percent (10%) of estimated general fund receipts for the next biennial budget period be appropriated, replacing the previous requirement of five percent (5%). This appropriation is in addition to any existing fund balance in the budget reserve account and ensures that excess general fund appropriations at the end of each biennial period are transferred into this account.

Additionally, the bill makes conforming amendments to the provisions governing the state budget, clarifying that the total recommended appropriations for any two fiscal year budget period must not exceed the total estimated revenues for that period. It specifies that the estimated revenues should not include increases from new legislation but should account for unencumbered balances in other accounts, while also reiterating the ten percent (10%) requirement for the budget reserve account. The act is set to take effect immediately upon completion of all necessary legislative processes.

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