This bill proposes significant amendments to the functions and requirements of the Wyoming Business Council, including the repeal of several programs and accounts effective July 1, 2027. The eliminated programs encompass financial aid related to science, technology, and energy, various community development loan programs, and the Wyoming small business investment credit program. Associated accounts, such as the large project account and the brownfield revolving loan fund, will also be repealed, with unexpended and unobligated funds reverting to the general fund or the revolving investment fund. The council is mandated to cease accepting new applications for these programs and to report to legislative committees by October 1, 2027, on the funds reverted and any remaining obligations.

Additionally, the bill transfers responsibilities related to energy performance contracting from the Wyoming Business Council to the Wyoming Energy Authority, establishing the "Wyoming energy conservation improvement program." It introduces new definitions and clarifies the roles of energy services companies and facility owners, while also mandating investment grade energy audits. The bill outlines procedures for engaging energy services companies and allows for various financing options, including tax-exempt financing. It requires the Wyoming Energy Authority to report annually on program activities and repeals several statutes to streamline the focus on energy conservation initiatives. The act is set to take effect on July 1, 2027, with certain sections effective immediately upon passage.

Statutes affected:
27LSO-0061 v0.6: 9-12-1201, 9-12-1203, 37-5-703
27LSO-0061 v0.5: 9-12-1201, 9-12-1203, 37-5-703