This bill proposes the repeal and termination of the Wyoming Business Council effective July 1, 2026, along with the repeal of the Wyoming Economic Development Act. It outlines the requirements for this termination, including the cessation of new applications for grants and loans, and mandates that the council report on its financial obligations before closure. The state budget department will assume all duties, assets, and liabilities of the council, with specific programs transferred to entities like the Wyoming Energy Authority and the State Loan and Investment Board. The bill also establishes a new broadband development account and requires a forensic audit of the council's activities to ensure compliance with laws and accounting principles.

Additionally, the bill introduces amendments to existing laws regarding workforce development programs and economic development funds, transferring responsibilities from the Wyoming Business Council to the state loan and investment board. It modifies terminology related to the Wyoming workforce development-priority economic sector partnership subaccount and emphasizes the board's role in managing broadband funding programs. The bill also outlines the establishment of a broadband advisory council and a broadband coordinator, while transferring administrative responsibilities for energy conservation programs to the Wyoming Energy Authority. It includes provisions for funding middle-mile broadband projects and establishes criteria for contracts under the minerals to value-added products program, aiming to enhance energy efficiency and economic development in Wyoming.

Statutes affected:
Introduced: 9-12-1201, 9-12-1203, 37-5-701, 37-5-703, 9-20-101, 9-20-104, 37-5-801, 37-5-804, 9-2-2018, 9-2-2610, 9-12-101, 9-12-106, 9-12-108, 9-12-308, 9-12-601, 9-12-603, 9-12-801, 9-12-804, 9-12-901, 9-12-905, 9-12-1002, 9-12-1101, 9-12-1105, 9-12-1301, 9-12-1405, 26-4-103, 35-12-110, 37-5-502, 41-2-117