Counties-limitations on holding reserves.

HB 262 would limit Wyoming counties' reserve funds to their average annual spending over the previous five years (excluding specific purpose taxes). Counties exceeding this limit must refund excess funds to residents who lived in the county for at least one year, calculated pro rata and paid by August 15 annually starting in 2025. The bill requires counties to report reserve calculations to the Department of Revenue by July 1 each year and mandates refunds for any excess funds held on July 1, 2025, and subsequent years. Noncompliance would trigger the state treasurer withholding twice the excess amount from county payments until refunds are processed.