Public funds-reserves and spending policy.
HB 170 establishes a spending policy for Wyoming's Wildlife and Natural Resource Trust Account, limiting annual withdrawals to 5% of the trust's five-year average market value (phased in over 2024-2028). It also modifies how funds flow to the Wyoming's Tomorrow Scholarship endowment, requiring transfers back to the endowment when the scholarship expenditure account exceeds 9% of its five-year average market value. The bill directly affects state financial management of these two trust funds, ensuring spending aligns with long-term fund values. Key mechanisms include the phased calculation method for the wildlife trust's spending limit and the 9% threshold for scholarship fund transfers.
Bill status
died
1 of 4 stages cleared
Introduction
Jan 2023
Committee Review
Floor Vote
Governor
Introduced Jan 19, 2023
Last action Feb 7, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
1
Committee
3
Feb 7, 2023
Committee
H COW:H Did not consider for COW
lower
Feb 3, 2023
Lower · Passed
H03 - Revenue:Recommend Amend and Do Pass 6-3-0-0-0
lower
Jan 30, 2023
Committee
:Rerefer to H03 - Revenue
lower
Jan 19, 2023
Introduced
H Introduced and Referred to H06 - Travel
lower
1 primary · 5 co-sponsors
Sponsors
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