The proposed bill establishes a Consensus Block Grant Program aimed at funding local government capital projects in Wyoming. It creates a new chapter in the law, detailing definitions and requirements for the program, which will be administered by the Office of State Lands and Investments. The bill outlines the criteria for what constitutes a "capital project," the process for creating a "consensus project list," and the distribution of grant funds to local governments. It mandates that counties solicit project requests from local entities and submit a list of agreed-upon projects for funding, ensuring public input and transparency in the process.

Additionally, the bill creates a Consensus Block Grant Account, which will receive funds from the state treasurer and other sources for the purpose of supporting the program. It specifies that unexpended funds from previous appropriations will revert to this account by July 1, 2027. The legislation also requires regular reporting from county commissioners and the Office of State Lands and Investments to track the use of grant funds and the status of funded projects. The act is set to take effect immediately, with the provisions of Section 1 becoming effective on July 1, 2027.