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HB0270 • 2025

Permanent mineral trust fund-spending policy.

AN ACT relating to public funds; amending spending policy amounts for earnings from the investment of permanent funds; and providing for an effective date.

Land
Inactive

Wyoming marks this bill as inactive, which usually means it is no longer moving in the current session.

Sponsor
Representative Bear
Last action
2025-03-03
Official status
inactive
Effective date
3/1/2025

Plain English Breakdown

The bill is inactive and has not been passed into law as of the last action date (2025-03-03).

Changes to Spending Policy for Wyoming Mineral Trust Fund

The bill modifies the spending policy for earnings from the investment of permanent funds in Wyoming by reducing the annual spending limit and creating a reserve account.

What This Bill Does

  • Reduces the annual spending limit on earnings from the permanent mineral trust fund from 5% to 4.5%. This reduction will continue until fiscal year 2026 when it decreases further by 0.05% each year for five years, eventually settling at 4.75%.
  • Creates a new reserve account within the permanent Wyoming mineral trust fund where funds are invested and managed by the state treasurer.

Who It Names or Affects

  • The state treasurer who manages investments and transfers within the permanent Wyoming mineral trust fund.
  • Government agencies that rely on funding derived from earnings of the permanent mineral trust fund.
  • Residents of Wyoming who benefit from public services funded by these earnings.

Terms To Know

Permanent Mineral Trust Fund
A financial reserve in Wyoming dedicated to long-term investment and sustainable funding for various state purposes.
Spending Policy Amount
The maximum amount of money that can be spent from the earnings of a trust fund each fiscal year, as determined by law.

Limits and Unknowns

  • The bill is marked as inactive and has not been passed into law.
  • Details on how the reduced spending policy will impact specific state programs are not provided in the summary text.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

HB0270H2001

2nd reading • Representative Harshman

Failed

Plain English: The amendment creates a new reserve account within the permanent Wyoming mineral trust fund that ensures specified distributions are funded, with specific rules for transferring funds and calculating spending limits.

  • Adds language to ensure certain distributions from the permanent mineral trust fund are funded.
  • Modifies references in existing law to specify different sections of the Wyoming Statutes.
  • Establishes a new reserve account within the permanent mineral trust fund with specific rules for transferring funds and calculating spending limits.
  • The amendment includes complex financial calculations that may be difficult to understand without additional context about the existing law and its implementation.
HB0270H3001

3rd reading • Representative Harshman

Failed

Plain English: The amendment modifies spending policies for earnings from permanent mineral trust funds, adjusting percentages for distribution to other accounts over time.

  • Adds language ensuring specified distributions are funded and clarifies the percentage of fund earnings available for expenditure each fiscal year.
  • Establishes a new subsection (q) that details how excess earnings below the spending policy amount will be appropriated from the general fund and distributed between specific reserve accounts.
  • The amendment text is complex, and some parts may require further clarification to understand fully.

Bill History

  1. 2025-03-03 Senate

    S:Died in Committee Returned Bill Pursuant to SR 5-4

  2. 2025-02-28 Senate

    S No report prior to CoW Cutoff

  3. 2025-02-18 Senate

    S Introduced and Referred to S02 - Appropriations

  4. 2025-02-04 Senate

    S Received for Introduction

  5. 2025-02-04 House

    H 3rd Reading:Passed 33-26-3-0-0

  6. 2025-02-03 House

    H 2nd Reading:Passed

  7. 2025-01-31 House

    H 2nd Reading:Laid Back

  8. 2025-01-30 House

    H COW:Passed

  9. 2025-01-27 House

    H Placed on General File

  10. 2025-01-27 House

    H02 - Appropriations:Recommend Do Pass 6-1-0-0-0

  11. 2025-01-23 House

    H Introduced and Referred to H02 - Appropriations

  12. 2025-01-22 House

    H Received for Introduction

  13. 2025-01-21 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
25LSO-0494
2025
STATE OF WYOMING
25LSO-0494
Introduced
2.0

HOUSE BILL NO. HB0270

Permanent mineral trust fund-spending policy.

Sponsored by: Representative(s) Bear, Allemand, Angelos, Pendergraft and Smith, S and Senator(s) Hicks, Laursen, D, McKeown, Smith, D and Steinmetz

A BILL

for

AN ACT relating to public funds; amending spending policy amounts for earnings from the investment of permanent funds; and providing for an effective date.

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

Section 1
.

W.S. 9
‑
4
‑
719(d)(v) is amended to read:

9
‑
4
‑
719.

Investment earnings; spending policy amounts; permanent funds.

(d)

The annual spending policy for the permanent Wyoming mineral trust fund is for each fiscal year (FY):

(v)

An amount equal to
five percent (5%)
four and one
‑
half percent (4.5%)
of the previous five (5) year average market value of the trust fund, calculated from the first day of the fiscal year.

Section 2
.

This act is effective July 1, 2025
.

(END)

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HB0270