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HB0293 • 2025

Repealing the school foundation program reserve account.

AN ACT relating to school finance; repealing the school foundation program reserve account; modifying the distribution of revenues from the account; making conforming amendments; specifying the disposition of funds credited to and from the account; requiring reports; and providing for an effective date.

Education
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 summary does not provide specific details on how individual schools will be affected.

Repealing School Reserve Account

This act removes the school foundation program reserve account and changes how funds are distributed.

What This Bill Does

  • Removes the school foundation program reserve account.
  • Transfers remaining funds from the removed account to the common school permanent fund reserve account.
  • Requires reports about the transferred funds by October 31, 2026 and again in 2027.

Who It Names or Affects

  • Schools that receive funding from the state of Wyoming.
  • The state auditor who will report on fund transfers.

Terms To Know

common school permanent fund reserve account
An account that holds funds for Wyoming's public schools.

Limits and Unknowns

  • It is unclear how the changes will affect individual schools.
  • The bill does not specify what happens to future revenues meant for the removed account.
  • This act was marked as inactive and did not pass in its current session.

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. 2025-02-05 Senate

    S Received for Introduction

  5. 2025-02-05 House

    H 3rd Reading:Passed 53-7-2-0-0

  6. 2025-02-04 House

    H 2nd Reading:Passed

  7. 2025-02-03 House

    H COW:Passed

  8. 2025-01-31 House

    H Placed on General File

  9. 2025-01-31 House

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

  10. 2025-01-29 House

    H Introduced and Referred to H02 - Appropriations

  11. 2025-01-28 House

    H Received for Introduction

  12. 2025-01-27 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
25LSO-0710
2025
STATE OF WYOMING
25LSO-0710
Numbered
2.0

HOUSE BILL NO. HB0293

Repealing the school foundation program reserve account.

Sponsored by: Representative(s) Bear, Angelos, Heiner and Smith, S and Senator(s) Hicks and Smith, D

A BILL

for

AN ACT relating to school finance; repealing the school foundation program reserve account; modifying the distribution of revenues from the account; making conforming amendments; specifying the disposition of funds credited to and from the account; requiring reports; and providing for an effective date.

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

Section 1.

W.S. 39
‑
14
‑
801(d)(intro) is amended to read:

39
‑
14
‑
801.

Severance tax distributions; distribution account created; formula.

(d)

After making distributions pursuant to subsections (b), (c), (f) and (j) of this section, distributions under subsection (e) of this section shall be made from the severance tax distribution account. The amount of distributions under subsection (e) of this section shall not exceed one hundred fifty
‑
five million dollars ($155,000,000.00) in any fiscal year. To the extent that distributions under subsection (e) of this section would exceed that amount in any fiscal year, except as provided in subsections (g), (h)
,

and
(k)
and (m)
of this section, the excess shall be credited:

Section 2.

W.S. 21
‑
13
‑
306.1 and 39
‑
14
‑
801(m) are repealed.

Section 3.

2024 Wyoming Session Laws, Chapter 118, Section 314 is repealed.

Section 4.

The school foundation program reserve account is repealed.

Section 5.

On the effective date of this act, all funds in the school foundation program reserve account shall be transferred by the state auditor to the common school permanent fund reserve account created under W.S. 9
‑
4
‑
719(f). Notwithstanding W.S. 9
‑
4
‑
719(f), any unexpended funds that have been appropriated or obligated from the school foundation program reserve account before the effective date of this act shall be paid from the common school permanent fund reserve account. Any funds that are directed to revert by law to the school foundation program reserve account shall revert to the common school permanent fund reserve account. All accrued revenues that would otherwise be deposited in the school foundation program reserve account shall be deposited in the common school permanent fund reserve account.

Section 6.

Not later than October 31, 2026 and again not later than October 31, 2027, the state auditor shall report to the joint appropriations committee on the amounts transferred under section 5 of this act.

Section 7
.

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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HB0293