SF0168

Bill Summary - 25LSO-0712 Bill No.: SF0168 Effective: 7/1/2026 LSO No.: 25LSO-0712 Enrolled Act No.: SEA No. 0021 Chapter No.: 63 Prime Sponsor: Hicks Catch Title: Budget reserve account-repeal. Has Report: Yes Subject: Repealing the budget reserve account. Summary/Major Elements: The budget reserve account is an account separate from the general fund that holds a specified reserve amount of revenues, along with other revenues required to flow into the budget reserve account by law. The account is primarily used for budgeting purposes and to ensure sufficient funds are available in the general fund to fund the operations of government. This act repeals the budget reserve account. On July 1, 2026, funds in the budget reserve account will be transferred to the general fund. Funds required to be deposited in the budget reserve account will be deposited in the general fund, and obligations on the budget reserve account will be paid from the general fund. The act makes various conforming amendments, including a requirement that a specified percentage of revenues must be held in the general fund as a reserve amount (functioning similar to how the budget reserve account currently functions). Comments: This act requires reporting to the Joint Appropriations Committee from the State Auditor concerning the transfer of funds from the budget reserve account to the general fund. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.