This bill proposes the repeal of the Strategic Investments and Projects Account and makes several amendments to the Wyoming state penitentiary capital construction account and the permanent Wyoming mineral trust fund reserve account. Specifically, it deletes references to the strategic investments and projects account in the context of the penitentiary capital construction account, establishing that funds will now be transferred from the general fund instead. The bill also modifies the timing of fund transfers, changing the start date from June 30, 2021, to June 30, 2027, and sets a termination date for these transfers on July 1, 2038. Additionally, it amends the investment earnings policy for the permanent Wyoming mineral trust fund reserve account, redirecting excess earnings to a legislative stabilization reserve account instead of the now-repealed strategic investments and projects account.

Furthermore, the bill outlines that all funds in the strategic investments and projects account will be transferred to the general fund by July 1, 2026, and any unexpended funds appropriated from this account will also be paid from the general fund. The state auditor is tasked with reporting on the amounts transferred under this act by October 31, 2026, and again by October 31, 2027. The effective date for the provisions of this act is set for July 1, 2026.

Statutes affected:
26LSO-0123 v0.5: 9-4-220, 9-4-719