This bill proposes the repeal of the strategic investments and projects account and makes several amendments to the management of public funds in Wyoming. It establishes the Wyoming state penitentiary capital construction account, which will receive funds transferred from the general fund starting June 30, 2027, with a cap on transfers set to cease by July 1, 2038. The bill also modifies the investment earnings and spending policies related to the permanent Wyoming mineral trust fund reserve account, ensuring that excess revenues are credited to the legislative stabilization reserve account instead of the repealed strategic investments and projects account.

Additionally, the bill mandates that all funds in the strategic investments and projects account, excluding those allocated to the Wyoming state penitentiary capital construction account, be transferred to the general fund by July 1, 2026. It requires the state auditor to report on these transfers to the joint appropriations committee by October 31, 2026, and again by October 31, 2027. The act is set to take effect on July 1, 2026.

Statutes affected:
Introduced: 9-4-220, 9-4-719