SF0125

Amends the Wyoming Business Council's programs and operations by restricting new applications and approvals starting April 15, 2027, requiring comprehensive reporting by April 30, 2026, and creating a legislative task force to evaluate the council's functions and recommend future changes.

• Prohibits the Wyoming Business Council from accepting new applications for grants, loans, bonds, or other funding beginning April 15, 2027, and from processing pending applications or approving new disbursements after that date. The council may disburse funds for grants or loans obligated before April 15, 2027. (Section 1(a)(i)-(iv))
• Requires the Wyoming Business Council to report to the joint appropriations committee, joint minerals/business/economic development committee, governor, state budget department, state loan and investment board, and Wyoming energy authority by April 30, 2026, detailing obligated grant funds, outstanding loans and bonds, real and personal property holdings, all programs and functions, and all fund sources. (Section 1(b))
• Restricts the Wyoming Business Council from expanding any program, duty, or function during the period July 1, 2026 to June 30, 2027, and prevents assumption of new programs, duties, or functions until July 1, 2027, unless required by law. (W.S. 9-12-104(c))
• Amends numerous Wyoming Statutes sections across economic development, workforce training, agriculture financing, broadband, and small business programs to make them subject to the restrictions in W.S. 9-12-104(c) regarding expansion and new programs during the specified period. (Section 2, W.S. 9-2-2604(c), W.S. 9-2-2611(m), W.S. 9-12-105 through 9-12-1501, W.S. 21-18-104, W.S. 40-11-102(b))
• Creates the Wyoming Business Council Legislative Task Force consisting of the governor or designee, four legislative members, and nine industry representatives appointed by the governor, tasked with evaluating the council's operations, programs, and functions. (Section 3(a))
• Tasks the legislative task force with reviewing council operations, soliciting stakeholder feedback, evaluating which programs should be retained or modified, and developing recommended improvements and proposed legislation by October 1, 2026. The task force terminates December 31, 2026.