State investment returns-adequate reserve funding.
HB 89 redirects excess state revenue above specific thresholds ($459 million for 2023 and $429.2 million for 2024) into a new Legislative Stabilization Reserve Account instead of distributing it to Wyoming’s public school foundation program. The bill requires the state treasurer to maintain a minimum balance in this reserve and prohibits using these funds for other purposes, making them "inviolate." It modifies how mineral trust fund investment returns are allocated, shifting money that would have supported schools toward state budget stabilization. This change directly affects school funding distributions and state treasury management of permanent trust funds.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2023
Committee Review
Feb 2023
House Passage
Feb 2023
Senate Passage
Feb 2023
Signed into Law
Mar 2023
Introduced Jan 24, 2023
Signed Mar 9, 2023
Floor votes · Senate Feb 28, 2023 · House Feb 9, 2023
How they voted
24–6
Passed
Total votes 30
Feb 28, 2023
D
Democratic2
100% Yea
R
Republican28
78% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
25
Key actions
8
Committee
4
Mar 9, 2023
Signed into law
Governor Signed HEA No. 0080
legislature
Feb 28, 2023
Lower · Passed
H Concur:Passed 50-9-3-0-0
lower
Feb 28, 2023
Upper · Passed
S 3rd Reading:Passed 25-6-0-0-0
upper
Feb 21, 2023
Upper · Passed
S COW:Passed
upper
Feb 17, 2023
Upper · Passed
S02 - Appropriations:Recommend Amend and Do Pass 5-0-0-0-0
upper
Feb 9, 2023
Introduced
S Introduced and Referred to S02 - Appropriations
upper
Feb 9, 2023
Lower · Passed
H 3rd Reading:Passed 56-6-0-0-0
lower
Feb 6, 2023
Lower · Passed
H COW:Passed
lower
Jan 27, 2023
Lower · Passed
H02 - Appropriations:Recommend Amend and Do Pass 7-0-0-0-0
lower
Jan 24, 2023
Introduced
H Introduced and Referred to H02 - Appropriations
lower
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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