This amendment modifies the repeal of the strategic investments and projects account by redirecting certain mineral trust fund earnings to the legislative stabilization reserve account and the public school foundation program account instead of splitting them between the legislative stabilization reserve account and the strategic investments and projects account.
- Adds language to the bill title indicating it amends the distribution of funds and investment earnings. (Page 1, line 2)
- Specifies that the amendment creates new paragraphs (iii) and (iv) within W.S. 9-4-719(b). (Page 1, line 10)
- Changes the source of funds from the general fund to the legislative stabilization reserve account for transfers related to mineral trust fund earnings. (Page 2, line 23)
- Creates a new mechanism requiring the state treasurer to transfer 0.45% of the five-year average market value of the permanent Wyoming mineral trust fund from the legislative stabilization reserve account to the public school foundation program account at the end of each fiscal year. (Page 4, after line 14 (paragraphs iii))
- Creates a second new transfer mechanism requiring the state treasurer to transfer the difference between 1.25% of the five-year average market value of the permanent Wyoming mineral trust fund and amounts actually credited to the legislative stabilization reserve account under subsection (q), after other required transfers and before calculating account balances. (Page 4, after line 14 (paragraphs iv))
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