Modernizing and balancing Wyoming's school funding streams.

HB 308 modernizes Wyoming's public school funding system by adjusting how mineral royalties, severance taxes, and other revenue streams are allocated. It requires up to $8 million annually from mineral royalties (for fiscal years 2019-2020) to fund school capital construction projects, while gradually reducing the annual spending rate from the common school account from 5% to 4.5% of its five-year average value over time. The bill also allows the state treasurer to use the common school account to make interfund loans to the school foundation program when dedicated revenues are delayed, ensuring timely payments to school districts. These changes directly affect all Wyoming public school districts by altering the flow of state funds for operations, capital projects, and transportation services.