This amendment revises the federal mineral royalties distribution formula for fiscal years 2027-2028 by modifying subsections (vi) and (vii) of W.S. 9-4-601(d) and creating a new subsection (p) that establishes an alternative distribution mechanism for excess revenues in those two years.
- Deletes the prior Driskill et al. second reading amendment (SF0001S2001/A) to pages 124-126 of the bill and replaces it with a revised Section 316 that amends the federal mineral royalties distribution statute. (Page 124, lines 19-26 and Page 125, lines 1-11)
- Modifies W.S. 9-4-601(d)(vi) to reference both subsections (o) and (p) in the introductory language, and changes the distribution mechanism for amounts that would otherwise go to the public school foundation program account by referencing a new paragraph (p)(i) instead of the existing paragraphs (k)(i), (m)(i), (n)(i), and (o)(i). (Page 125, lines 13-34)
- Modifies W.S. 9-4-601(d)(vii) to adjust which revenue streams fund the required revenue bond payments under W.S. 9-4-1003(d) by referencing paragraph (ii) of subsection (d) in addition to paragraph (iv). (Page 126, lines 1-7)
- Creates a new subsection (p) to W.S. 9-4-601 that establishes an alternative distribution formula for fiscal years 2027 and 2028 only. For those years, any federal mineral royalties revenue in excess of the amount estimated in the most recent revenue forecast from the prior even-numbered calendar year shall be split equally between the common school permanent fund reserve account and the permanent Wyoming mineral trust fund reserve account. (Page 126, lines 9-20)
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