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25LSO-0711
2025
STATE OF WYOMING
25LSO-0711
Introduced
2.0
HOUSE BILL NO. HB0294
Federal mineral royalties-distribution amendments.
Sponsored by: Representative(s) Bear and Smith, S and Senator(s) Hicks, Laursen, D and Smith, D
A BILL
for
AN ACT relating to state funds; amending the distribution of specified federal mineral royalties received by the state; making conforming amendments; repealing obsolete provisions; and providing for an effective date.
Be It Enacted by the Legislature of the State of Wyoming:
Section 1
.
W.S. 9
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4
‑
601(d)(intro), (vi), (vii), (o)(intro) and by creating a new subsection (p) is amended to read:
9
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4
‑
601.
Distribution and use; funds, accounts, cities and towns benefited; exception for bonus payments.
(d)
Except as provided in subsections
(k), (m), (n) and
(o)
and (p)
of this section, any revenue received under subsection (a) of this section in excess of two hundred million dollars ($200,000,000.00) shall be distributed as follows:
(vi)
From the amounts which would otherwise be distributed to the school foundation program account under paragraph (iii) of this subsection and
amounts that would otherwise be distributed under
paragraphs
(k)(i), (m)(i), (n)(i) and
(o)(i)
and (p)(i)
of this section, there is annually appropriated to the common school permanent fund reserve account the amount determined under W.S. 9
‑
4
‑
719(g).
The appropriation shall be credited to the account as provided in W.S. 9
‑
4
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719(g);
(vii)
From the amounts that would otherwise be distributed to the budget reserve account under paragraph (iv) of this subsection and
the amounts that would otherwise be distributed under
paragraphs
(k)(ii), (m)(ii), (n)(ii) and
(o)(ii)
and (p)(ii)
of this section, amounts necessary to make the required revenue bond payments as provided by W.S. 9
‑
4
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1003(d), but in no event more than eighteen million dollars ($18,000,000.00) annually;
(o)
For fiscal year 2025, any revenue received under subsection (a) of this section in excess of five hundred forty
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nine million four hundred thousand dollars ($549,400,000.00)
and for fiscal year 2026, any revenue received under subsection (a) of this section in excess of five hundred thirty million two hundred thousand dollars ($530,200,000.00)
shall be distributed as follows:
(p)
For fiscal year 2026 and each fiscal year thereafter, any revenue received under subsection (a) of this section in excess of the amount of revenue under subsection (a) of this section estimated to be received in the last revenue forecast issued by the consensus revenue estimating group in the most recent even
‑
numbered calendar year shall be distributed as follows:
(i)
One
‑
half (1/2) to the common school permanent fund reserve account;
(ii)
One
‑
half (1/2) to the permanent Wyoming mineral trust fund reserve account.
Section 2.
W.S. 9
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4
‑
601(k), (m) and (n) is repealed.
Section 3
.
This act is effective July 1, 2025
.
(END)
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HB0294