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SF0169 • 2025

Strategic investments and projects account-repeal.

AN ACT relating to public funds; repealing the strategic investments and projects account; providing for the transfer from and the reversion of funds from the strategic investments and projects account; making conforming amendments; repealing obsolete language; requiring reports; and providing for effective dates.

Budget Education Land
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Senator Hicks
Last action
2025-03-18
Official status
enrolled
Effective date
3/18/2025

Plain English Breakdown

The exact amount and purpose of other transfers from SIPA were not specified in the official source material.

Repealing Strategic Investments and Projects Account

This law removes a special fund called the Strategic Investments and Projects Account (SIPA) and moves its money to other places.

What This Bill Does

  • Removes the Strategic Investments and Projects Account (SIPA).
  • Transfers $10 million from SIPA to the Department of State Parks and Cultural Resources for a shooting complex.
  • Moves funds from the Wyoming State Penitentiary Capital Construction Account within SIPA to the Department of Corrections for security system improvements.

Who It Names or Affects

  • The state government, particularly departments and agencies that received funding from SIPA or were involved in its management.

Terms To Know

Strategic Investments and Projects Account (SIPA)
A special fund created by the Wyoming Legislature to support various construction and maintenance projects.
Permanent Wyoming Mineral Trust Fund
A trust fund that holds mineral revenues for long-term investment and spending according to specific rules.

Limits and Unknowns

  • The exact impact on future funding for SIPA-supported projects is unclear.
  • Details about the transfer of funds from SIPA are subject to interpretation based on the Governor's line-item vetoes.

Amendments

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

SF0169H2001

2nd reading • Representative Harshman

Failed

Plain English: This amendment modifies how funds are distributed from the strategic investments and projects account by changing where certain funds go, adding new rules for transferring money to other accounts, and specifying percentages for these transfers.

  • Adds language after 'account;' to include amending fund distribution and investment earnings.
  • Inserts new paragraphs (iii) and (iv) under section 9-4-719(b)(intro), detailing specific transfer amounts from the legislative stabilization reserve account to other accounts based on percentages of the permanent Wyoming mineral trust fund's market value.
  • Changes 'general fund' to 'legislative stabilization reserve account'.
  • Inserts new paragraphs (iii) and (iv) that specify transferring funds from the legislative stabilization reserve account to the public school foundation program account, and from the permanent Wyoming mineral trust fund reserve account to other accounts based on specific percentages.
  • The exact impact of these changes on overall financial distributions is not fully explained in the provided text.
  • Some technical details about how funds are calculated and transferred may be unclear without additional context.
SF0169H2002

2nd reading • Representative Thayer

Corrected, Failed

Plain English: The amendment adds an appropriation of $18 million from the Wyoming state penitentiary capital construction account for integrating the department's security system and adjusts the effective dates of certain sections.

  • Adds a new section appropriating $18 million to integrate the Department of Corrections' security system, with funds reverting on June 30, 2026 if not used.
  • Modifies the bill's effective date language to make Sections 6 and 7 immediately effective upon becoming law.
  • The amendment specifies that the appropriation amount will be reduced based on other appropriations for similar purposes in the same legislative session, which may affect the final amount available.
  • Details about how funds are transferred or reverted are not fully explained and could require additional clarification.
SF0169H2003

2nd reading • Representative Washut

Failed

Plain English: The amendment adds a new section to allocate $3 million from a specific account for the Wyoming state shooting complex and adjusts the effective dates of certain sections in the bill.

  • Appropriates three million dollars ($3,000,000.00) from the strategic investments and projects account to the state shooting complex account.
  • Specifies that funds allocated for the Wyoming state shooting complex can be used only for its siting, construction, operation, and maintenance.
  • Reduces the appropriation if similar funding is provided by future legislation in 2025.
  • The exact impact of reducing the appropriation based on future legislation is unclear without knowing what those future bills might contain.
SF0169H3001

3rd reading • Representative Washut

Adopted

Plain English: The amendment modifies the bill to allow for specific expenditures from a certain account and includes provisions for transferring funds to another account.

  • Adds language allowing expenditures from the strategic investments and projects account.
  • Specifies that one dollar or available funds should be transferred from the strategic investments and projects account to the state shooting complex account.
  • Authorizes the Wyoming Department of State Parks and Cultural Resources to use these transferred funds for the Wyoming state shooting complex.
  • The amendment text does not provide details on how much funding is available or what specific expenditures are authorized beyond the transfer to the state shooting complex account.
  • It's unclear from the provided text if there are any other limitations or conditions for these changes that were not explicitly stated.
SF0169H3002

3rd reading • Representative Thayer

Divided

Plain English: The amendment adds a new section that appropriates $18 million from the Wyoming state penitentiary capital construction account to the Department of Corrections for integrating its security system and sets rules for transferring funds and their effective dates.

  • Adds an appropriation of $18 million from the Wyoming state penitentiary capital construction account to the Department of Corrections for integrating its security system, with specific conditions on when it can be used and how any leftover money will be handled.
  • Modifies the bill's effective dates by specifying that certain sections take effect immediately upon becoming law while others take effect in July 2026.
  • The amendment includes technical language about appropriations and fund transfers which may require further explanation for full understanding.
SF0169H3002.01

3rd reading • Representative Thayer

Corrected, Adopted

Plain English: This amendment removes a previous third reading amendment from the bill and adds language about effective dates.

  • Removes the Washut et al. third reading amendment that was previously applied to the bill.
  • Adds new text stating 'and providing for effective dates.'
  • The exact content of the removed Washut et al. amendment is not provided, so its specific details cannot be explained.
SF0169H3002.02

3rd reading • Representative Thayer

Corrected, Adopted

Plain English: The amendment adds a new section that appropriates $18 million from the Wyoming state penitentiary capital construction account to integrate the Department of Corrections' security system and adjusts the effective date for certain sections of the act.

  • Adds an appropriation of $18 million from the Wyoming state penitentiary capital construction account within the strategic investments and projects account to the Department of Corrections for integrating its security system, with funds reverting on June 30, 2026 if not used.
  • Reduces the appropriation by $1 for every dollar appropriated in other bills during the 2025 legislative session for similar purposes.
  • Changes the effective date for certain sections of the act to July 1, 2026.
  • The amendment text does not specify how funds will be transferred or reverted, which may require additional clarification.
SF0169H3003

3rd reading • Representative Thayer

Adopted

Plain English: The amendment changes a specific line to exclude certain funds from being transferred or reverted when repealing the Strategic Investments and Projects Account.

  • Adds an exception for funds in the Wyoming State Penitentiary Capital Construction Account within the Strategic Investments and Projects Account.
  • The amendment text does not provide details on how these excluded funds will be handled after the account is repealed, which leaves some uncertainty about their future status.
SF0169H3004

3rd reading • Representative Harshman

Failed

Plain English: This amendment modifies how funds are distributed from the strategic investments and projects account by changing where certain funds go, adding new rules for transferring money to other accounts, and specifying percentages for these transfers.

  • Adds language after 'account;' to include amending fund distribution and investment earnings.
  • Inserts new paragraphs (iii) and (iv) under section 9-4-719(b)(intro), detailing specific transfer amounts from the legislative stabilization reserve account to other accounts.
  • Changes 'general fund' to 'legislative stabilization reserve account'.
  • Specifies that an amount equal to 0.45% of the five-year average market value of the permanent Wyoming mineral trust fund should be transferred from the legislative stabilization reserve account to the public school foundation program account.
  • The amendment text does not provide full details on all aspects, such as how exactly 'investment earnings' are affected.
  • It is unclear what specific impacts this will have on existing laws and practices beyond the stated changes.
SF0169S2001

2nd reading • Senator Hicks

Adopted

Plain English: The amendment creates a new reserve account called the Permanent Wyoming Mineral Trust Fund Reserve Account, which will hold funds that are intended to be inviolate and constitute a permanent trust fund.

  • Adds language creating a new Permanent Wyoming Mineral Trust Fund Reserve Account where certain funds will be invested by the state treasurer.
  • Specifies that investment earnings from this account must go back into the reserve account, except for specific exceptions made by the legislature.
  • Establishes rules for transferring unobligated funds from the reserve account to the general fund on a quarterly basis.
  • The amendment includes complex financial and legal language that may be difficult to fully explain without additional context or definitions.
SF0169JC001

Conference Committee

S Reported

Plain English: This amendment requests the appointment of a second conference committee because the first one could not agree on a report.

  • Requests that a new conference committee be appointed to continue working on the bill SF0169.
  • The text does not provide details about why the first committee couldn't reach an agreement or what specific changes the second committee might make.
SF0169JC002

Conference Committee

S Adopted, H Adopted

Plain English: The amendment modifies an act to transfer specific amounts from a strategic investments and projects account to other departments for particular purposes and sets effective dates.

  • Adds new sections that require the state auditor to transfer $10 million to the department of state parks and cultural resources for a shooting complex, and $9 million to the department of corrections for security system integration.
  • Modifies the effective date provisions to ensure certain sections take effect immediately upon becoming law.
  • The amendment text does not provide details on what happens if less than the specified amounts are available in the strategic investments and projects account.

Bill History

  1. 2025-03-18 LSO

    Assigned Chapter Number 161

  2. 2025-03-18 Governor

    Governor Signed and Line Item Vetoed

  3. 2025-03-06 House

    H Speaker Signed SEA No. 0098

  4. 2025-03-06 Senate

    S President Signed SEA No. 0098

  5. 2025-03-06 LSO

    Assigned Number SEA No. 0098

  6. 2025-03-06 House

    Pursuant to JR 2-1(c): H Appointed JCC02 Members

  7. 2025-03-05 Senate

    Pursuant to JR 2-1(c):S Appointed JCC02 Members

  8. 2025-03-05 House

    H Appointed JCC01 Members

  9. 2025-03-05 Senate

    S Appointed JCC01 Members

  10. 2025-03-05 Senate

    S Concur:Failed 1-30-0-0-0

  11. 2025-03-04 Senate

    S Received for Concurrence

  12. 2025-03-04 House

    H 3rd Reading:Passed 46-14-2-0-0

  13. 2025-03-03 House

    H 2nd Reading:Passed

  14. 2025-02-28 House

    H 2nd Reading:Laid Back

  15. 2025-02-27 House

    H COW:Passed

  16. 2025-02-25 House

    H Placed on General File

  17. 2025-02-25 House

    H02 - Appropriations:Recommend Do Pass 7-0-0-0-0

  18. 2025-02-14 House

    H Introduced and Referred to H02 - Appropriations

  19. 2025-02-11 House

    H Received for Introduction

  20. 2025-02-11 Senate

    S 3rd Reading:Passed 29-1-1-0-0

  21. 2025-02-10 Senate

    S 2nd Reading:Passed

  22. 2025-02-07 Senate

    S COW:Passed

  23. 2025-02-04 Senate

    S COW:Laid Back

  24. 2025-02-03 Senate

    S Placed on General File

  25. 2025-02-03 Senate

    S02 - Appropriations:Recommend Do Pass 5-0-0-0-0

  26. 2025-01-29 Senate

    S Introduced and Referred to S02 - Appropriations

  27. 2025-01-24 Senate

    S Received for Introduction

  28. 2025-01-23 LSO

    Bill Number Assigned

Official Summary Text

Bill Summary - 25LSO-0713

Bill No.:

SF0169

Effective:

Immediately

LSO No.:

25LSO-0713

Enrolled Act No.:

SEA No. 0098

Chapter No.:

161

Prime Sponsor:

Hicks

Catch Title:

Strategic investments and projects account-repeal.

Has Report:

Yes

Subject:

Funding in the Strategic Investments and Projects Account.

Summary/Major Elements:

In 2013, the Legislature created the Strategic Investments and Projects Account (SIPA). The account has received various revenues, and funds in the account have been expended for, among other things, construction and maintenance projects.

This act, as line-item vetoed by the Governor, appears to require that all earnings in excess of two and one‑half percent (2.5%) of the previous five (5) year average market value of the Permanent Wyoming Mineral Trust Fund be transferred to the SIPA. Previously, those excess earnings were distributed in equal amounts to the SIPA and the Legislative Stabilization Reserve Account.

The act requires a transfer of ten million dollars ($10,000,000.00) from the SIPA to the Department of State Parks and Cultural Resources for the siting, construction, operation, and maintenance of the Wyoming State Shooting Complex.

As stated in the Governor's veto letter, the Governor intends for this act, as line-item vetoed, to require a transfer of the Wyoming State Penitentiary Capital Construction Account to the Department of Corrections for purposes of the Department's security systems.

Comments:

The Governor exercised line-item vetoes in this act. Originally, the enrolled act repealed the
Strategic Investments and Projects Account on July 1, 2026 (with funds in the SIPA being transferred to the general fund) and provided for a transfer of only nine million dollars ($9,000,000.00) from the Wyoming State Penitentiary Capital Construction Account to the Department of Corrections.

Through the exercise of the line-item vetoes, this act is effective immediately.
The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent.

While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.

Current Bill Text

Read the full stored bill text
25LSO-0713

ORIGINAL Senate

ENGROSSED
File No
.
SF0169

ENROLLED ACT NO. 98,

SENATE

SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
2025 General Session

AN ACT relating to public funds;
[
repealing the strategic investments and projects account;
]
providing for the transfer
[
from and the reversion
]
of funds from the strategic investments and projects account; making conforming amendments;
[
repealing obsolete language; requiring reports;
]
and providing for effective date
[
s
].

[BRACKETED LANGUAGE SHOWN IN BOLD AND AS STRICKEN WAS VETOED BY GOVERNOR MARCH 18, 2025.]

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

Section 1
.

W.S.
[
9
‑
4
‑
220.1 and
]
9
‑
4
‑
719(b)(intro) and (q)(i) are amended to read:
[BRACKETED LANGUAGE SHOWN IN BOLD AND AS STRICKEN WAS VETOED BY GOVERNOR MARCH 18, 2025.]

[
9
‑
4
‑
220.1.

Wyoming state penitentiary capital construction account; funds transferred to the account.

(a)

There is created the Wyoming state penitentiary capital construction account
.

within the strategic investments and projects account created by W.S. 9
‑
4
‑
220.

Funds in the account shall only be expended upon legislative appropriation.

Through the fiscal year ending June 30, 2034, all funds within the account shall be invested in the pool A investment account by the state treasurer pursuant to W.S. 9
‑
4
‑
715(p).

Thereafter, all funds within the account shall be invested as determined by the state treasurer.

All investment earnings from the account shall be credited to the account.
For purposes of accounting and investing only, the Wyoming state penitentiary capital construction account shall be treated as a separate account from the strategic investments and projects account.

(b)

Beginning on June 30,
2021
2027
for fiscal year
2021
2027
and June 30 of each fiscal year thereafter as provided in this subsection, the state treasurer shall transfer ten million dollars ($10,000,000.00), or as much thereof as is available, from any unobligated funds within the
strategic investments and projects account
general fund
to the Wyoming state penitentiary capital construction account. The state treasurer shall cease transferring funds to the Wyoming state penitentiary capital construction account pursuant to this subsection on July 1, 2038.
]

[BRACKETED LANGUAGE SHOWN IN BOLD AND AS STRICKEN WAS VETOED BY GOVERNOR MARCH 18, 2025.]

9
‑
4
‑
719.

Investment earnings; spending policy amounts; permanent funds.

(b)

There is created the permanent Wyoming mineral trust fund reserve account. All funds within the account shall be invested by the state treasurer as authorized under W.S. 9
‑
4
‑
715(a), (d), (e) and (r) and all investment earnings from the account shall be credited to the account.

Except for funds specified by the legislature that guarantee the obligations of permanent Wyoming mineral trust fund investment earnings and funds to be transferred into the permanent Wyoming mineral trust fund, funds deposited into the reserve account created by this subsection are intended to be inviolate and constitute a permanent or perpetual trust fund. Beginning July 1, 2021 for fiscal year 2022 and each fiscal year thereafter, to the extent funds are available, the state treasurer shall transfer unobligated funds from this account to the general fund on a quarterly, pro
‑
rata basis as necessary to ensure that an amount equal to two and one
‑
half percent (2.5%) of the previous five (5) year average market value of the permanent Wyoming mineral trust fund, calculated on the first day of the fiscal year, is available for expenditure during each fiscal year. As soon as possible after the end of each of the fiscal years beginning on and after July 1, 2017, after making any transfer required
[pursuant to paragraphs (i) and (ii) of][
by
]
this subsection, revenues in this account in excess of two hundred forty
‑
five percent (245%) of the spending policy amount in subsection (d) of this section shall be credited to the permanent Wyoming mineral trust fund. For fiscal year
[2020][
2026
]
and for each fiscal year thereafter:

[BRACKETED LANGUAGE SHOWN IN BOLD, ORIGINALLY STRICKEN IN THE ENROLLED ACT, AND BRACKETED LANGUAGE SHOWN IN BOLD AND AS STRICKEN WAS VETOED BY GOVERNOR MARCH 18, 2025.]

(q)

The earnings from the permanent Wyoming mineral trust fund under W.S. 9
‑
4
‑
204(u)(iii) during each fiscal year beginning July 1, 2016, which are less than the spending policy established in subsection (d) of this section are appropriated from the general fund subject to subsection (s) of this section and the following:

(i)

Any earnings in excess of two and one
‑
half percent (2.5%) of the previous five (5) year average market value of the trust fund, calculated from the first day of the fiscal year and less than or equal to the spending policy amount specified in subsection (d) of this section shall be credited to the
[
legislative stabilization reserve account
][
;
]
created by W.S. 9
‑
4
‑
219 and the
[strategic investments and projects account created by W.S. 9
‑
4
‑
220]

in equal amounts
[;] [BRACKETED LANGUAGE SHOWN IN BOLD, ORIGINALLY STRICKEN IN THE ENROLLED ACT, AND BRACKETED LANGUAGE SHOWN IN BOLD AND AS STRICKEN WAS VETOED BY GOVERNOR MARCH 18, 2025.]

[
Section 2.

W.S. 9
‑
4
‑
220 and 9
‑
4
‑
719(b)(i) are repealed.
]

[BRACKETED LANGUAGE SHOWN IN BOLD AND AS STRICKEN WAS VETOED BY GOVERNOR MARCH 18, 2025.]

[
Section 3.

The strategic investments and projects account is repealed.
] [BRACKETED LANGUAGE SHOWN IN BOLD AND AS STRICKEN WAS VETOED BY GOVERNOR MARCH 18, 2025.]

[
Section 4.

On July 1, 2026, all funds in the strategic investments and projects account, except funds in the Wyoming state penitentiary capital construction account within the strategic investments and project account, shall be transferred by the state auditor to the general fund. Any unexpended funds that have been appropriated or obligated from the strategic investments and projects account before July 1, 2026 shall be paid from the general fund. Any funds that are directed to revert by law to the strategic investments and projects account shall revert to the general fund. All accrued revenues that would otherwise be deposited in the strategic investments and projects account shall be deposited in the general fund.
] [BRACKETED LANGUAGE SHOWN IN BOLD AND AS STRICKEN WAS VETOED BY GOVERNOR MARCH 18, 2025.]

[
Section 5.

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 4 of this act.
] [BRACKETED LANGUAGE SHOWN IN BOLD AND AS STRICKEN WAS VETOED BY GOVERNOR MARCH 18, 2025.]

Section 6.

On the effective date of this section, the state auditor shall transfer ten million dollars ($10,000,000.00), or as much thereof as is available, from the strategic investments and projects account to the department of state parks and cultural resources for the siting, construction, operation and maintenance of the Wyoming state shooting complex. These funds shall not be transferred or expended for any other purpose.

Section 7.

On the effective date of this section, the state auditor shall transfer
[
nine million dollars ($9,000,000.00) from
]
the Wyoming state penitentiary capital construction account within the strategic investments and project account to the department of corrections for purposes of
[
integrating
]
the department's security system. These funds shall not be transferred or expended for any other purpose.
[BRACKETED LANGUAGE SHOWN IN BOLD AND AS STRICKEN WAS VETOED BY GOVERNOR MARCH 18, 2025.]

Section 8.

[
(a)

Except as provided in subsection (b) of this section,
]
this act is effective
[
July 1, 2026.
]

[BRACKETED LANGUAGE SHOWN IN BOLD AND AS STRICKEN WAS VETOED BY GOVERNOR MARCH 18, 2025.]

[
(b)

Sections 6 through 8 of this act are 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.
[BRACKETED LANGUAGE SHOWN IN BOLD AND AS STRICKEN WAS VETOED BY GOVERNOR MARCH 18, 2025.]

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the Senate.

Chief Clerk

1