HB0001H2034

This amendment adds $100 million in loan funding from the permanent Wyoming mineral trust fund to the Department of Transportation for specific highway improvement projects across Wyoming.

• Adds footnote 7 to the Department of Transportation Administration section, increasing the other funds appropriation by $100,000,000 in source code S0. (Page 31, line 8)Agency: Department of Transportation · $100,000,000 Permanent Wyoming Mineral Trust Fund (S0)
• Establishes a new footnote 7 that creates a loan program transferring $100 million from the permanent Wyoming mineral trust fund to the Department of Transportation. The loans must be used for highway construction projects approved by the transportation commission, including passing lanes on US Highway 20 between Casper-Waltman, Waltman-Shoshoni, and Shoshoni-Thermopolis; widening US Highway 287 between Laramie and Colorado to four lanes; widening Wyoming Highway 59 between Wright and Gillette to five lanes; and constructing an alternative paved highway north of Interstate 80 between Rock Springs and Green River. (Page 35, after line 5)Agency: Department of Transportation · $100,000,000 Permanent Wyoming Mineral Trust Fund
• Sets loan interest rate at a fixed rate determined by the state treasurer to be commensurate with returns of the asset class, not to exceed 2.5%, with all loan amounts to be repaid to the permanent Wyoming mineral trust fund by June 30, 2028. (Page 35, lines 11-18)Agency: Department of Transportation · $100,000,000 Permanent Wyoming Mineral Trust Fund
• Designates amounts invested in these loans as public purpose investments under W.S. 9-4-715(n) and requires the state auditor to transfer funds annually from the strategic investments and projects account to the permanent Wyoming mineral trust fund beginning June 30, 2027, in amounts up to $50 million per fiscal year until loans are fully repaid. (Page 35, lines 20-34)Agency: Department of Transportation · Up to $50,000,000 annually Strategic Investments and Projects Account

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