State funded capital construction.

This bill establishes a Wyoming state hospital demolition account for funds related to tearing down the hospital and creates mechanisms to adjust construction contracts for rising material costs. It authorizes state agencies and the University of Wyoming to include inflation provisions in contracts (with a 7.5% to 30% cost adjustment range) and requires using other funding sources before accessing inflation reserves. The bill allocates specific funding for projects like the Riverton State Office Building ($34 million) and the State Hospital demolition ($15 million), with unspent funds reverting to original accounts upon project completion. It directly affects state agencies, universities, and construction contractors managing capital projects funded by the state.