The proposed bill establishes the Energy Transmission Loan Program, aimed at providing financial assistance to public utilities for the development and enhancement of energy transmission infrastructure in Wyoming. The program will be administered by the Office of State Lands and Investments, which will oversee the application process, loan approvals, and disbursement of funds. Key definitions are provided, including terms for "energy transmission infrastructure" and "public utility." The bill outlines eligibility requirements for public utilities seeking loans, the application process, and the responsibilities of the state loan and investment board in managing the program.

The bill also specifies the terms and conditions for the loans, including a maximum loan amount of $50 million per public utility and a repayment period of up to 30 years. An origination fee of 2% of the loan amount is required, and the loans must be secured by the infrastructure financed. Additionally, the director is authorized to borrow up to $200 million from the legislative stabilization reserve account to fund the program, with all repayments being deposited back into this account. The act will take effect immediately upon passage, with specific provisions becoming effective on July 1, 2027.