HB0033

Repeals the strategic investments and projects account and transfers its funds to the general fund, while establishing the Wyoming state penitentiary capital construction account as a separate account.

• Repeals the strategic investments and projects account effective July 1, 2026. (Sec. 2, Sec. 3, W.S. 9-4-220)
• Transfers all funds from the strategic investments and projects account to the general fund on July 1, 2026, except for funds in the Wyoming state penitentiary capital construction account. (Sec. 4)
• Requires payment from the general fund for any unexpended appropriated or obligated funds from the strategic investments and projects account, and redirects all funds that would revert to that account to the general fund instead. (Sec. 4)
• Establishes the Wyoming state penitentiary capital construction account as a separate account for capital construction purposes, with investment earnings credited to the account. (W.S. 9-4-220.1(a))
• Requires the state treasurer to transfer ten million dollars annually from the general fund to the Wyoming state penitentiary capital construction account beginning June 30, 2027 through July 1, 2038. (W.S. 9-4-220.1(b))
• Requires the state auditor to report to the joint appropriations committee by October 31, 2026 and October 31, 2027 on amounts transferred from the strategic investments and projects account. (Sec. 5)
• Amends provisions in W.S. 9-4-719 related to investment earnings and the permanent Wyoming mineral trust fund to remove references to the repealed strategic investments and projects account. (W.S. 9-4-719(b), W.S. 9-4-719(q)(i))

Effective: July 1, 2026

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