This amendment adds a new provision to create a permanent Wyoming mineral trust fund reserve account with specific fund transfer mechanisms to the legislative stabilization reserve account.
- Modifies the bill's stated purpose to include providing for a transfer of funds to the legislative stabilization reserve account. (Page 1, lines 1-3)
- Adds a reference to a new paragraph (iii) being created in W.S. 9-4-719(b) related to investment earnings spending policy for permanent funds. (Page 1, lines 5-6)
- Creates a new subsection 9-4-719(b) establishing the permanent Wyoming mineral trust fund reserve account with provisions for investment, earnings crediting, and quarterly transfers to the general fund to support a 2.5% spending policy amount. Also creates paragraph (iii) requiring the state treasurer to transfer unobligated funds from the reserve account to the legislative stabilization reserve account in an amount equal to the difference between the maximum amount that may be credited to that account and the amount actually credited in each fiscal year. (Page 14, after line 18; continuing to Page 2, lines 1-4)
AI-generated summary · Verify against the amendment text (PDF) · Notice a problem? Let us know
