This bill amends the existing oil and gas bonding regulations in Wyoming, specifically focusing on the assessment imposed on operators for producing oil or gas. The amendment specifies that from July 1, 2025, to June 30, 2030, the assessment will be set at zero mills on the dollar, after which it may be imposed at a maximum rate of $0.0005 per dollar. All funds collected from this assessment will be deposited into a separate account established under W.S. 30-5-116(b).

Additionally, the bill introduces new provisions regarding the investment of the collected funds. The state treasurer is tasked with investing these funds in accordance with the law, and all investment earnings will also be deposited into the same separate account. The funds and their earnings are designated for use solely on the bonding pool established under the relevant subsections. The act is set to take effect on July 1, 2026.

Statutes affected:
26LSO-0153 v0.2: 30-5-129