Read the full stored bill text
25LSO-0707
2025
STATE OF WYOMING
25LSO-0707
Numbered
2.0
HOUSE BILL NO. HB0292
Budget reserves-recommended appropriation amount.
Sponsored by: Representative(s) Bear, Heiner and Smith, S and Senator(s) Hicks, Laursen, D and Steinmetz
A BILL
for
AN ACT relating to the administration of the government; amending the required recommendation amount of estimated general fund receipts to be appropriated as specified; making conforming amendments; and providing for an effective date.
Be It Enacted by the Legislature of the State of Wyoming:
Section 1
.
W.S. 9
‑
2
‑
1012(e) and 9
‑
2
‑
1013(d)(ii) are amended to read:
9
‑
2
‑
1012.
Duties of the department; transmittal of standard budget and manual; return of completed exception and expanded budgets; submission to governor; disposition of excess general fund appropriations; submission of selected budget information to joint appropriations committee.
(e)
In preparing the overall state budget for distribution to the legislature, including any supplemental, budget shortfall or other emergency changes to the budget, the governor shall recommend to the legislature that not less than
five percent (5%)
ten percent (10%)
of estimated general fund receipts for the next biennial budget period shall be appropriated from the general fund to the budget reserve account within the earmarked fund. This appropriation shall be in addition to any fund balance within the budget reserve account.
At the end of each biennial budget period, general fund appropriations for the biennium in excess of expenditures including encumbrances during the biennium, as identified by the state auditor in accordance with the provisions of W.S. 9
‑
2
‑
1008 and 9
‑
4
‑
207, shall be transferred into the budget reserve account. All funds in the budget reserve account shall be invested by the state treasurer and earnings therefrom shall be credited into the general fund. Appropriations to the account shall not lapse at the end of any fiscal period. Expenditures from the budget reserve account shall be by legislative appropriation only.
9
‑
2
‑
1013.
State budget; distribution of copies to legislators; copies and reports of authorizations; interfund loans.
(d)
In addition to the items contained in subsection (a) of this section and notwithstanding any other recommendations made by the governor, the state budget shall also include the governor's recommendations for appropriations for the ensuing two (2) years, or if a supplemental budget request, the remainder of the budget period, subject to the following:
(ii)
The total recommended appropriations under this subsection for any two (2) fiscal year budget period shall not exceed the total estimated revenues for that two (2) year period.
The total estimated revenues computed under this paragraph shall not include increases in existing revenue sources which would be available to the state only after enactment of legislation in addition to existing law, but shall include the unencumbered balances in all other accounts in all other expendable funds subject to this section, and as further provided herein, as those funds are identified in accordance with standards promulgated by the governmental accounting standards board, but specifically excluding pension funds, nonexpendable trust funds, debt service funds and intragovernmental funds, that would be available for that budget period.
Funds within the permanent Wyoming mineral trust fund reserve account created under W.S. 9
‑
4
‑
719(b), the common school permanent fund reserve account created under W.S. 9
‑
4
‑
719(f)
,
funds within the legislative stabilization reserve account in excess of the limitation under subparagraph (iii)(C) of this section
,
or funds within
five percent (5%)
ten percent (10%)
of estimated general fund receipts for the next biennium to be appropriated to the budget reserve account as required by W.S. 9
‑
2
‑
1012(e) shall not be included in total estimated revenues computed under this paragraph.
Funds from a contingent appropriation shall not be included as an estimated source of revenue or funds available unless those funds previously had been authorized to be expended within the fiscal period covering the budget period of the recommendation;
Section 2
.
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)
1
HB0292