HB0294

Amends the distribution of federal mineral royalties received by Wyoming to establish a new formula for revenues exceeding consensus revenue forecasts beginning in fiscal year 2026.

• Modifies the distribution formula for federal mineral royalties in excess of $200 million by adding a new subsection (p) that applies to fiscal year 2026 and thereafter. (W.S. 9-4-601(d), Sec. 1)
• For fiscal year 2026 and each subsequent year, establishes that revenues exceeding the amount estimated by the consensus revenue estimating group in the most recent even-numbered calendar year shall be split equally between the common school permanent fund reserve account and the permanent Wyoming mineral trust fund reserve account. (W.S. 9-4-601(p), Sec. 1)
• Maintains temporary distribution thresholds for fiscal years 2025 and 2026 at $549.4 million and $530.2 million respectively, with those provisions superseded by the new formula in subsection (p) for subsequent years. (W.S. 9-4-601(o), Sec. 1)
• Updates cross-references in the distribution formulas for the common school permanent fund reserve account and budget reserve account to include the new subsection (p). (W.S. 9-4-601(d)(vi), W.S. 9-4-601(d)(vii), Sec. 1)
• Repeals former subsections (k), (m), and (n) of W.S. 9-4-601 as obsolete provisions. (W.S. 9-4-601(k), W.S. 9-4-601(m), W.S. 9-4-601(n), Sec. 2)

Effective: July 1, 2025

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