This amendment creates a new permanent Wyoming mineral trust fund reserve account and establishes a distribution mechanism for excess revenues to multiple trust funds during fiscal years 2026-2028.
- Amends W.S. 9-4-719(b) to create a permanent Wyoming mineral trust fund reserve account with funds invested by the state treasurer, and establishes a mechanism to transfer funds quarterly to the general fund equal to 2.5% of the previous five-year average market value of the permanent Wyoming mineral trust fund. (Page 141, lines 8-32)
- Adds new subsection (t) to W.S. 9-4-719 specifying that for fiscal years 2026, 2027, and 2028, excess revenues from the mineral trust fund reserve account (not exceeding $100 million) shall be distributed as follows: 30% to the 988 system trust fund, 20% to the Wyoming cultural trust fund, 5% to the Wyoming military assistance trust fund, 5% to the state fair endowment account, 10% to the Wyoming outdoor recreation and tourism trust account, and 30% to the Wyoming natural resource trust fund. (Page 142, lines 5-29)
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