HB0271

Decreases the annual spending policy amount for the common school account within the permanent land fund from five percent to four and one-half percent of the previous five-year average market value.

• Changes the spending policy for the common school account within the permanent land fund from five percent (5%) to four and one-half percent (4.5%) of the previous five-year average market value of the account, calculated from the first day of the fiscal year. (W.S. 9-4-719(h)(v), Sec. 1)
• Maintains the existing framework for distributing revenue in excess of $200 million, including crediting the appropriation to the common school account and common school permanent fund reserve account in equal amounts, with adjustments when the reserve account balance exceeds 420% of the spending policy amount. (W.S. 9-4-601(d)(vi), W.S. 9-4-601(d)(vi)(A), W.S. 9-4-601(d)(vi)(B))
• Continues the requirement that investment earnings from the common school account in excess of the spending policy be appropriated to the common school permanent fund reserve account, with such amounts credited to the appropriate accounts within ninety days after the end of the fiscal year. (W.S. 9-4-719(g))

Effective: July 1, 2025

AI-generated summary · Verify against the official text (PDF) · Notice a problem? Let us know