SF0169H3004

This amendment modifies the bill's treatment of funds from the repealed strategic investments and projects account by redirecting mineral trust fund earnings to the legislative stabilization reserve account and the public school foundation program account instead of the general fund.

• Updates the bill's summary to note that it amends the distribution of funds and investment earnings, in addition to repealing the strategic investments and projects account. (Page 1, line 2)
• Specifies that the amendment to W.S. 9-4-719(b) creates two new paragraphs (iii) and (iv) that establish new transfer mechanisms for mineral trust fund earnings. (Page 1, line 10)
• Changes the destination of certain mineral trust fund earnings from the general fund to the legislative stabilization reserve account. (Page 2, line 23)
• Establishes a new requirement that the state treasurer transfer 0.45% of the previous 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 after each fiscal year. (Page 4, after line 14 - new paragraph (iii))
• Establishes a new requirement that the state treasurer transfer the positive difference between 2.5% of the previous 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) from the permanent Wyoming mineral trust fund reserve account. (Page 4, after line 14 - new paragraph (iv))

AI-generated summary · Verify against the amendment text (PDF) · Notice a problem? Let us know