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HB0278

HB0278: Redistributing Federal Mineral Royalties

Last scannedOct 19, 2026, 2:19 AM

In one sentence

This bill proposed moving specific federal mineral royalty funds from the school foundation program account to the common school account within the permanent land fund, but the governor vetoed it.

What it does

  • Redistributes federal mineral royalties from the school foundation program account to the common school account within the permanent land fund.
  • Requires that the diversion of funds does not occur until the Hathaway and excellence in higher education endowments are funded as provided in current law.
  • Requires that there is a balance of $100 million in the school foundation program account at the end of the pertinent fiscal year before the diversion occurs.
  • Reduces the amounts deposited to the new account as the state treasurer determines necessary to ensure the $100 million balance in the school foundation program account.
  • Sets the effective date of the act as July 1, 2007.

Who it affects

  • The state treasurer, who determines necessary reductions to maintain account balances.
  • The school foundation program account, which would see reduced deposits.
  • The common school account within the permanent land fund, which would receive additional deposits.

Limits and unknowns

  • The governor vetoed this bill, so it did not become law unless lawmakers overrode the veto.
  • The source does not specify if the veto was overridden by the legislature.
  • The bill only applies to revenue in excess of $200 million.

Plain language

Terms to know

Federal mineral royalties
Revenue received under W.S. 9-4-601(a) from federal mineral resources.
School foundation program account
A state account that receives distributions of federal mineral royalties.
Permanent land fund
A fund that contains the common school account, which would receive redistributed royalties.

Official record

Sources

Source checked
Read the official summary

2007 General Session Summary for HB0278 Bill No.: HB0278 Drafter: DKG LSO No.: 07LSO-0617 Effective Date: 7/1/2007 Enrolled Act No.: HEA0126 Chapter No.: CHVETO Prime Sponsor: Representative Harshman Catch Title: School capital construction reserve account. Subject: Distribution of specified federal mineral royalties. Summary/Major Elements: This act redistributed federal mineral royalties from the school foundation program account to the common school account within the permanent land fund. The diversion would not occur until the Hathaway and excellence in higher education endowments were funded as provided in current law and would not occur unless there was a balance of $100 million in the school foundation program account at the end of the pertinent fiscal year. Comments: The governor vetoed this act. The veto message stated in part that the funds would be unavailable for school funding needs in the future, including school capital construction. The message also stated that the same movement of funds is accomplished by the budget bill for the current biennium.

Public statements

Why lawmakers voted

Last checked Aug 9, 1:25 AM

Voted Yes

Why they voted this way

The speaker urges an aye vote because the committee adopted budget staff recommendations to ensure federal mineral royalties are correctly directed from the Hathaway account into the Common School Permanent Land Fund once the former is depleted.

Public statementFloor statement at 10:04 Watch the statement

If a lawmaker is not listed, we couldn't find a published reason.

Wyoming roll calls

Recorded votes

10 roll calls

S Adopted JCC01 27-2-1-0-02007-03-01 · Senate27 yes 2 no
H Adopted JCC01 60-0-0-0-02007-02-28 · House60 yes 0 no
H Did Not Concur 0-59-1-0-02007-02-27 · House0 yes 59 no
H Reconsidered Concurrence 59-0-1-0-02007-02-27 · House59 yes 0 no
H Did Concur 60-0-0-0-02007-02-27 · House60 yes 0 no
S Passed 3rd Reading 28-1-1-0-02007-02-27 · Senate28 yes 1 no
S02 Recommended Do Pass 5-0-0-0-02007-02-13 · Senate5 yes 0 no
S03 Recommended Do Pass 4-1-0-0-02007-02-06 · Senate4 yes 1 no
H Passed 3rd Reading 60-0-0-0-02007-01-31 · House60 yes 0 no
H03 Recommended Do Pass 8-1-0-0-02007-01-29 · House8 yes 1 no

Official activity

Bill history

  1. Governor Vetoed HEA0126
  2. S President Signed HEA No. 0126Senate
  3. H Speaker Signed HEA No. 126House
  4. Assigned Number HEA0126LSO
  5. S Adopted HB0278JC01Senate
  6. H Adopted HB0278JC01House
  7. S Appointed JCC01 MembersSenate
  8. H Appointed JCC01 MembersHouse
  9. H Did Not ConcurHouse
  10. H Reconsidered ConcurrenceHouse
  11. H Did ConcurHouse
  12. H Received for ConcurrenceHouse
  13. S Passed 3rd ReadingSenate
  14. S Passed 2nd ReadingSenate
  15. S Passed CoWSenate
  16. Amendment AdoptedSenate
  17. S Amendments AdoptedSenate
  18. S Placed on General FileSenate
  19. S02 Recommended Do PassSenate
  20. S Rereferred to S02Senate

Changes

Amendments

1 stored

HB0278SW001

Adopted Committee of the Whole by NICHOLAS