This amendment creates a new permanent Wyoming mineral trust fund reserve account with a temporary distribution formula for fiscal years 2026-2028 that allocates excess earnings to seven specific trust funds and accounts.
- Creates a new permanent Wyoming mineral trust fund reserve account and establishes its investment and transfer policies. Beginning July 1, 2021, the state treasurer must transfer unobligated funds quarterly on a pro-rata basis to ensure 2.5% of the previous five-year average market value of the permanent Wyoming mineral trust fund is available for expenditure each fiscal year. (Page 141, lines 14-32)
- Adds a temporary spending formula (subsection t) effective for fiscal years 2026, 2027, and 2028. For these years only, revenues in the reserve account exceeding 245% of the spending policy amount, up to a maximum of $100,000,000, are allocated as follows: 25% to 988 system trust fund, 20% to Wyoming cultural trust fund, 5% to Wyoming military assistance trust fund, 5% to state fair endowment account, 10% to Wyoming outdoor recreation and tourism trust account, 25% to Wyoming natural resource trust fund, and 10% to Wyoming public television endowment account. (Page 141-142, lines 4-32)
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