HB 55 Wyoming House · 2024 Regular Session

State budgeting and reserves-account repeal.

HB 55 amends Wyoming's budget rules to change how state funds are managed. It requires 5% of estimated general fund receipts to be set aside as a budget reserve each biennium, and moves unspent funds exceeding this reserve into a "legislative stabilization reserve" instead of keeping them in the budget reserve account. The bill also updates reporting requirements for fund balances, removes outdated budget language, and clarifies how excess funds from accounts are distributed or transferred. These changes affect state agencies handling budget allocations and financial reporting.
Bill status introduced 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 10, 2024 Last action Feb 17, 2024
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