HB 56 Wyoming House · 2024 Regular Session

State budgeting and reserves-general funds.

HB 56 modifies Wyoming's state budgeting procedures for the Permanent Wyoming Mineral Trust Fund and the Legislative Stabilization Reserve Account. It sets a new rule that starting in 2027, any investment earnings from the mineral trust fund exceeding its annual spending policy (5% of the previous five-year average market value) must be transferred to the reserve account. The bill also establishes conditions for moving money back from the reserve to the general fund if mineral trust earnings fall short of the spending target, and clarifies how the reserve can be used for public welfare emergencies or budget shortfalls. This is a procedural budget management bill affecting state fund transfers, not new services or taxes.
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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