This bill aims to repeal several programs and accounts administered by the Wyoming Business Council, effective July 1, 2027. The programs slated for elimination include the broadband funding program, the brownfield revolving loan program, the Wyoming workforce housing infrastructure program, and various other economic development initiatives. Additionally, the bill repeals associated accounts, such as the brownfield revolving loan fund and the Wyoming community facilities program account. Upon the repeal, all unexpended and unobligated funds from these programs and accounts will revert to the general fund. The bill also specifies that the Wyoming Business Council will not accept new applications or process pending applications for the eliminated programs and must wind up all related activities by the effective date.

Furthermore, the bill introduces new responsibilities for the Wyoming Business Council regarding federal broadband funding programs, including the administration of federal funds received for broadband initiatives. It amends existing statutes to reflect these changes and ensures that the council continues to report on its activities and financial obligations related to the eliminated programs until the specified date. The act is set to take effect on July 1, 2027, with certain provisions becoming effective immediately upon the bill's passage.

Statutes affected:
27LSO-0042 v0.8: 9-12-102, 9-12-103, 9-12-305, 9-12-306, 9-12-1404, 9-12-105, 9-12-201, 9-12-301, 9-12-302, 9-12-304, 9-12-308, 9-12-801, 9-12-804, 9-12-901, 9-12-905, 9-12-1201, 9-12-1203, 9-12-1312, 9-12-1501, 9-12-1507, 9-12-1508, 9-12-1510