This bill amends existing laws regarding the administration of the state budget in Wyoming, specifically focusing on the required recommendation amount of estimated general fund receipts to be appropriated. The bill increases the percentage of estimated general fund receipts that must be recommended for appropriation to the budget reserve account from five percent (5%) to ten percent (10%). This change is reflected in the amendments to W.S. 9-2-1012(e) and W.S. 9-2-1013(d)(ii), ensuring that the state maintains a more substantial reserve for budgetary needs.

Additionally, the bill makes conforming amendments to ensure consistency with the new appropriation percentage. It clarifies that the total recommended appropriations for any two fiscal year budget period must not exceed the total estimated revenues, while excluding certain funds from this calculation. The act is set to take effect immediately upon completion of all necessary legislative processes as outlined in the Wyoming Constitution.

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