This joint resolution requests that Congress introduce and enact legislation to increase Wyoming's share of federal mineral royalties from the current fifty percent (50%) to a yet-to-be-determined percentage (XX%). The resolution highlights the significant impact of federal mineral royalty rates on the state's revenue, particularly in light of recent reductions enacted by the One Big Beautiful Bill Act, which decreased the royalty rates for oil, gas, and coal leasing on federal lands. These reductions are projected to result in substantial annual losses for Wyoming, affecting funding for essential services such as transportation, education, and emergency response.
The resolution emphasizes the importance of these revenues for Wyoming's infrastructure and public services, given that approximately forty-six percent (46%) of the state's land is federally owned. By seeking an increase in the state's share of federal mineral royalties, the resolution aims to mitigate the financial impact of the recent federal changes and ensure continued support for vital state programs and operations. The Secretary of State of Wyoming is tasked with transmitting copies of this resolution to key federal officials and the Wyoming Congressional Delegation.