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 of $10 million annually until July 1, 2038. The bill also modifies the investment earnings policy, ensuring that all investment earnings from the penitentiary account are credited to it, and it clarifies that the account will be treated separately from the now-repealed strategic investments and projects account.

Additionally, the bill outlines the process for transferring any remaining funds from the strategic investments and projects account to the general fund by July 1, 2026, while ensuring that any unexpended appropriated funds are also accounted for. It mandates that the state auditor report on the amounts transferred to the general fund 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