SF0152H3002

This amendment adds a loan program for wildfire and disaster recovery projects, modifies fund reversion provisions, repeals certain prior appropriations, and adds conditional effective dates based on other legislation.

• Expands the bill's purpose statement to include authorizing loans, reverting funds, and repealing prior appropriations. (Page 1, line 6)
• Changes reference from singular 'effective date' to plural 'effective dates' to accommodate multiple effective date provisions. (Page 1, line 7)
• Creates a new loan program authorizing the state loan and investment board to make up to $152,229,564 in loans from the legislative stabilization reserve account for wildfire and disaster mitigation and restoration projects through June 30, 2027. Loans may be used for restoring vegetation, controlling invasive plants, replacing fences and structures, restoring habitat, repairing irrigation facilities, providing federal/state cost-share funding, and providing monetary assistance to farmers and ranchers affected by catastrophic events (defined as damage of at least $100,000). (Page 11, after line 11 (new Section 5))
• Establishes loan program requirements including mandatory demonstration of insurance and federal/state funding applications, secured collateral (which may be in subordinate lien position), maximum 20-year terms, and 2% interest rates. Interest payments go to the general fund (except up to half may be retained for program administration), and principal payments revert to the legislative stabilization reserve account. (Page 11, after line 11 (new Section 5, subsections c-e))
• Requires the office of state lands and investments to report annually to the joint appropriations committee and joint agriculture, state and public lands and water resources interim committee on loan program activities. (Page 11, after line 11 (new Section 5, subsection f))
• Modifies 2024 Wyoming session laws, chapter 118, section 321(f) to require reversion of funds equal to $152,229,564 (or available funds) to the budget reserve account by April 1, 2025, with any remaining unexpended funds from the original appropriation not reverting until June 30, 2027. (Page 11, after line 11 (new Section 6))
• Renumbers the original Section 5 (governor borrowing authority) to Section 7. (Page 11, line 13)
• Repeals 2024 Wyoming session laws, chapter 118, section 301(b) (prior energy matching funds borrowing) and section 323. (Page 13, lines 8-9 (new Section 8))
• Establishes that the act becomes effective immediately upon completion of all constitutional requirements for bill passage, but makes Sections 5, 6, and 8(b) ineffective if either 2025 Senate File 0001 or 2025 House Bill 0001 are enacted into law. (Page 13, lines 11-14 (new Section 9))

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