This amendment restructures school funding transfers and modifies permanent fund spending policies by replacing three sections with new transfer provisions and reducing the annual spending rate for mineral trust and common school accounts from 5% to 4.5% for fiscal years 2027-2028.
- Changes the logical connector in the budget balancers section from a hyphen to 'AND'. (Page 103, line 1)
- Adds three new transfer provisions requiring the state auditor to: (1) transfer $24.6 million (FY 2027) and $26.2 million (FY 2028) from the public school foundation program account to the strategic investments and projects account; (2) transfer $47 million (FY 2027) and $48.1 million (FY 2028) from the general fund to the public school foundation program account; and (3) transfer $26.9 million (FY 2027) and $28.9 million (FY 2028) to the common school permanent fund reserve account from amounts transferred under the second provision. (Page 103, after line 21)
- Replaces Section 314 regarding the Permanent Wyoming Mineral Trust Fund Spending Policy with a reserved section designation. (Page 123, lines 7-31)
- Replaces Section 315 regarding the Common School Account Permanent Land Fund Spending Policy with a reserved section designation. (Page 123-124, lines 27 through Page 124, line 19)
- Replaces Section 316 regarding Federal Mineral Royalties Distribution Amendments with a reserved section designation. (Page 124-125, lines 21-11)
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