HB0292

Failed

Budget reserves-recommended appropriation amount.

Adjust the required budget reserve recommendation amount based on estimated general fund receipts.

Full legal title

AN ACT relating to the administration of the government; amending the required recommendation amount of estimated general fund receipts to be appropriated as specified; making conforming amendments; and providing for an effective date.

Budget

Sponsor:

Co-sponsors: Representative(s) Heiner, Smith, S, Senator(s) Hicks, Laursen, D, Steinmetz

View on wyoleg.gov Introduced Text (PDF)Digest (PDF)Fiscal Note (PDF)

What does this bill do?

Increases the recommended budget reserve appropriation from the general fund from 5% to 10% of estimated general fund receipts for each biennial budget period.

Amends the governor's duty to recommend budget reserve appropriations by increasing the required recommendation from not less than 5% to not less than 10% of estimated general fund receipts for the next biennial budget period. (W.S. 9-2-1012(e), Sec. 1)
Updates the state budget restrictions to exclude 10% of estimated general fund receipts (rather than 5%) designated for the budget reserve account from total estimated revenues calculations. (W.S. 9-2-1013(d)(ii), Sec. 1)

Effective: Immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution

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Actions (6)

2/10/2025(House)

H COW:H Did not consider for COW

2/5/2025(House)

H Placed on General File

2/5/2025(House)

H02 - Appropriations:Recommend Do Pass 6-1-0-0-0

1/30/2025(House)

H Introduced and Referred to H02 - Appropriations

1/28/2025(House)

H Received for Introduction