SF0168

Repeals the budget reserve account and transfers all remaining funds to the general fund effective July 1, 2026.

• Eliminates the budget reserve account as a separate fund account. (Section 3)
• Transfers all funds held in the budget reserve account to the general fund on July 1, 2026, and directs that any future revenues that would have gone to the budget reserve account be deposited in the general fund instead. (Section 4)
• Requires the state auditor to pay any unexpended funds that were appropriated or obligated from the budget reserve account before July 1, 2026 from the general fund. (Section 4)
• Directs the state auditor to report to the joint appropriations committee by October 31, 2026 and October 31, 2027 on the amounts transferred from the budget reserve account. (Section 5)
• Amends multiple statutes to redirect funds that would have been deposited in the budget reserve account to the general fund instead, including interfund loan provisions, mental health program fund reversions, and severance tax distributions. (Section 1, W.S. 9-1-417(a), 9-2-102(a)(iii), 9-4-601(d), 39-14-801(d), 39-19-111(a))
• Creates a new provision requiring excess general fund balance above the specified reserve amount to be transferred to the legislative stabilization reserve account at the end of fiscal year 2028 and each succeeding biennium. (Section 1, W.S. 9-2-1012(j))
• Amends budget statutes to remove references to the budget reserve account and replace them with references to the general fund as the recipient of such funds. (Section 1, W.S. 9-2-1013(d)(ii), 9-2-1013(iv))
• Repeals provisions of statute W.S. 9-2-1014.1 and sections of W.S. 9-4-601 and 39-14-801 that created special distribution mechanisms related to the budget reserve account. (Section 2)

Effective: July 1, 2026

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