This amendment creates a permanent Wyoming mineral trust fund reserve account and adjusts the statutory reference in the parent bill to include both the new reserve account provisions and the existing permanent fund provisions.
- Expands the statutory reference from only W.S. 9-4-719(q)(i) to include W.S. 9-4-719(b)(intro) and (q)(i), incorporating the new subsection (b) being added by this amendment. (Page 1, lines 1-2)
- Creates subsection (b) establishing a permanent Wyoming mineral trust fund reserve account with funds invested by the state treasurer. Beginning July 1, 2021 for fiscal year 2022 and thereafter, the state treasurer shall transfer unobligated funds quarterly to the general fund on a pro-rata basis to ensure 2.5% of the previous five-year average market value is available for expenditure. Excess revenues above 245% of the spending policy amount shall be credited to the permanent Wyoming mineral trust fund. The provision applies to fiscal year 2026 and each fiscal year thereafter. (Page 3, after line 7)
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