Federal mineral royalties-distribution amendments.

Wyoming's HB 294 amends how the state distributes excess federal mineral royalties (payments from oil, gas, and mineral leases on federal land) received above specific annual thresholds. For fiscal years 2026 and beyond, any revenue exceeding the most recent even-year revenue forecast will be split equally: half goes to the common school permanent fund reserve account, and half to the permanent Wyoming mineral trust fund reserve account. The bill also adjusts thresholds for 2025 ($549.4 million) and 2026 ($530.2 million), repeals outdated distribution provisions (sections k, m, n), and takes effect July 1, 2025. This directly affects state school funding and the mineral trust fund by changing the allocation method for surplus royalty payments.