Removing requirements for separate accounting of funds.

22LSO-0152
2022
STATE OF WYOMING
22LSO-0152
Numbered
2.0

SENATE FILE NO. SF0072

Removing requirements for separate accounting of funds.

Sponsored by: Management Audit Committee

A BILL

for

AN ACT relating to public funds; repealing requirement for separate accounting of revenue from institutional lands; repealing requirement for separate accounting of fuel tax revenues; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1.

39
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17
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111 (d)(iv) and 39
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17
‑
211(d)(i) and (ii)(C) are amended to read:

39
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17
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111.

Distribution.

(d)

After crediting the amounts provided by subsection (c) of this section, the department shall deposit the balance of taxes collected under this article into the accounts within the state highway fund created under this subsection, with receipt and acknowledgement submitted to the state treasurer, as follows:

(iv)

Fifty
‑
seven and one
‑
half percent (57.5%) to the state highway account.
Any funds deposited to the highway fund under this paragraph which are attributable to the increase in fuel taxes authorized by 2013 Wyoming Session Laws, Chapter 49, Section 1 and effective July 1, 2013 shall be separately accounted for by the department of transportation. The department shall provide a comprehensive report on revenue and expenditures attributable to the 2013 increase to the joint appropriations interim committee and the joint transportation, highways and military affairs interim committee on or before November 15 of each year, from the effective date of this act through November 15, 2020.

39
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17
‑
211.

Distribution.

(d)

The department shall:

(i)

Deduct not to exceed two percent (2%) of the taxes collected under this article corresponding to the actual cost of the administration of this article for the month and credit the money
, from taxes collected before July 1, 1986, to a separate account which shall be used by the department to defray the cost of administration of this article, and from taxes collected on or after July 1, 1986, to the general fund, and from taxes collected on or after July 1, 1991,
to the highway fund; and

(ii)

Distribute monthly the remainder as follows:

(C)

The remaining revenues shall be credited to the state highway fund for the maintenance, construction and reconstruction of state highways.

Any funds deposited to the highway fund under this subparagraph which are attributable to the increase in fuel taxes authorized by 2013 Wyoming Session Laws, Chapter 49,
Section 1 and effective July 1, 2013 shall be separately accounted for by the department of transportation. The department shall provide a comprehensive report to the joint appropriations interim committee and the joint transportation, highways and military affairs interim committee on or before November 15 of each year, from the effective date of this act through November 15, 2020.

Section 2
.

2013 Wyoming Session Laws, Chapter 155, Section 2 is amended to read:

Section 2.

(a)

The institutional land revenue fund is created to consist of funds from transactions involving institutional lands under W.S. 9
‑
2
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2005(g), 9-2-2006(e) and 9-2-2012(e) for which disposition is not otherwise provided for by state or federal law or the conveyance document. The state auditor shall account for funds deposited in the account attributable to each individual department.
Funds in the account
attributable to each individual department shall not be commingled.
Funds in the account shall only be appropriated:

(i)

Upon further action of the legislature; and

(ii)

To support the major maintenance and capital construction for institutions of the department to which the funds are attributable.

Section 3.

This act is effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.

(END)

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SF0072