This amendment deletes previous amendments, adds provisions for permanent Wyoming mineral trust fund reserve account management and transfers, adds reporting and compensation requirements for the homeowner property tax exemption, and increases the legislative stabilization reserve account appropriation cap from $100 million to $220 million.
- Deletes two previous amendments (SF0069H2004.02/ACE and SF0069H3011/AE) entirely. (Page 1, lines 1-3)
- Expands the bill's purposes to include provisions for fund transfers, reporting, rulemaking, and an appropriation. (Page 1, line 3)
- Amends the statutes referenced in the bill to include W.S. 9-4-719(b)(ii) and creates a new paragraph (iii). (Page 1, lines 7-11)
- Changes plural verb form in the statutory reference from 'is' to 'are'. (Page 1, line 13)
- Creates a permanent Wyoming mineral trust fund reserve account with provisions for investment, quarterly pro-rata transfers to the general fund equal to 2.5% of the previous five-year average market value, and automatic crediting of excess revenues to the permanent Wyoming mineral trust fund. (Page 1, lines 15-24, continuing to Page 2)
- Establishes an annual reconciliation process for quarterly pro-rata payments to the general fund, with adjustments made between the general fund and the reserve account to correct overages or shortfalls. (Page 2, lines 4-13)
- Requires the state treasurer to transfer funds from the permanent Wyoming mineral trust fund reserve account to the legislative stabilization reserve account to reach its maximum amount each fiscal year. (Page 2, lines 15-23)
- Modifies the homeowner tax exemption compensation requirements to allow compensation on a pro rata basis if appropriated funds are insufficient, instead of requiring full compensation; increases the cap on legislative stabilization reserve account appropriations from $100 million to $220 million; and removes the requirement that compensation be 'full' compensation. (Page 3, lines 25-46, continuing to Page 3, line 12)
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