SF0065

Repeals the Wyoming Business Council effective July 1, 2026, and transfers its functions and programs to other state entities.

• Terminates the Wyoming Business Council on July 1, 2026. Effective immediately, the council must cease accepting new applications for grants, loans, and bonds; must not process pending applications; and must not approve or disburse funds for grants or loans not already approved before the effective date, except for funds already obligated that may be disbursed until July 1, 2026. (Sec. 1(a)-(b))
• Stops any new capital construction projects for the Wyoming Business Council from commencing on the effective date, while preserving projects already in progress. (Sec. 1(c))
• Requires the Wyoming Business Council to submit a comprehensive report by April 30, 2026 to specified committees and state agencies detailing outstanding grants, loans, bonds, property holdings, programs, funds, and actions taken to wind down operations. (Sec. 1(d))
• Transfers all existing loans, grants, financial aid, and obligations of the Wyoming Business Council executed before July 1, 2026 to the State Budget Department, which shall administer them according to their original terms and applicable law. (Sec. 1(e))
• Directs disposition of unexpended, unobligated funds: funds revert to their original source; economic development and large project account funds transfer to State Budget Department; workforce development and broadband subaccount funds transfer to respective accounts; tourism funds transfer to office of tourism; 2026 appropriations revert to their source; and all property vests in the state. (Sec. 1(f))
• Terminates all full-time, part-time, and at-will employment positions authorized for the Wyoming Business Council as of July 1, 2026. (Sec. 1(g))
• Requires the State Department of Audit to conduct a forensic audit of the Wyoming Business Council covering all funds held, accounts, private donations, and compliance with applicable laws and accounting principles, with results reported to legislative committees by July 1, 2026 or by May 29, 2026 if not completed.