This amendment replaces the previous mineral royalties distribution framework with a new structure that redirects excess federal mineral royalty revenues differently for fiscal years 2027-2028.
- Removes the previous second reading amendments (SF0001S2016/A and SF0001S2001/A) and replaces them entirely with a new section amending W.S. 9-4-601 to create a new spending framework for mineral royalty distributions. (Page 124, lines 4-7 and Page 124-125, lines 21-26 and Page 125, lines 1-11)
- Modifies distribution of federal mineral royalty revenues exceeding $200 million to allocate one-fourth to the common school account within the permanent land fund, one-fourth to the public school foundation program account, and one-half to the permanent Wyoming mineral trust fund for fiscal years 2027 and 2028. (Page 125, lines 12-26)
- Changes the baseline for calculating excess mineral royalty revenues from amounts exceeding $200 million to amounts exceeding the most recent consensus revenue estimate issued in the most recent even-numbered calendar year, effective for fiscal years 2027-2028. (Page 125, lines 12-17)
- Modifies paragraphs (vi) and (vii) of subsection (d) of W.S. 9-4-601 to reference new paragraph (p) distribution amounts instead of the prior distribution structure for the common school permanent fund reserve account and revenue bond payments. (Page 125-126, lines 1-11)
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