The bill establishes a new Forest Health Grant Program in Wyoming, which will be administered by the state forester. This program aims to support forest health projects by providing grants that cover up to 75% of eligible project costs. Projects must be conducted on state, local government, or private land and should enhance water yield or quality, reduce wildfire risks, increase forest product production, improve wildlife and livestock habitats, or serve other public interests as determined by the state forester. Additionally, grants will require the attorney general's written opinion to certify their legality.

The bill also creates a dedicated account for the Forest Health Grant Program, which will consist of designated funds and allow for donations. The state forester is required to report annually on the grants awarded, and the program will sunset on July 1, 2030, with provisions for the return or reversion of unobligated funds. An appropriation of $3 million from the general fund is allocated for the program, which will not lapse or revert without further legislative action. The act is set to take effect on July 1, 2026.