The bill establishes funding and a framework for wildfire suppression, restoration, and rehabilitation efforts in Wyoming, particularly in response to wildfires that occurred in 2024. It appropriates significant amounts from the general fund, including $1 million for the special contingency division of the governor's office, $1.26 million for the disaster contingency unit, and $30 million for the emergency fire suppression account. Additionally, it allocates $100 million for restoration projects on private and state lands and $10 million for repairing watershed facilities. A steering committee is created to oversee the grant process, which will not be subject to the usual requirements of the Wyoming Wildlife and Natural Resource Funding Act, allowing for expedited funding for necessary projects.

The bill also includes provisions for borrowing up to $30 million from the legislative stabilization reserve account if needed for wildfire funding, with a reporting requirement to legislative leaders. It repeals a prior borrowing authorization and specifies that unexpended funds will revert by June 30, 2027. The steering committee will be active until December 31, 2026, and the executive director of the Wyoming wildlife and natural resource trust account board is tasked with reporting on expenditures annually. The act is effective immediately, with specific sections related to borrowing and repeal taking effect on July 1, 2025.