Severance tax distribution revision.

HB 36 revises Wyoming's severance tax distribution formula by increasing the annual cap from $155 million to $200 million for certain distributions. It adjusts the percentage allocations to all recipient accounts (including the school foundation program, counties, cities, water development, and highway funds) so that each fund receives the same dollar amount as before the cap increase. The bill applies to mineral production occurring on or after July 1, 2022, and maintains existing funding levels for all specified state programs. The school foundation program, for example, continues to receive 22.5% of the distribution.