| 1 | 1 | | 2025 |
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| 2 | 2 | | STATE OF WYOMING |
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| 3 | 3 | | 25LSO-07111HB0294 |
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| 4 | 4 | | HOUSE BILL NO. HB0294 |
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| 5 | 5 | | Federal mineral royalties-distribution amendments. |
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| 6 | 6 | | Sponsored by: Representative(s) Bear and Smith, S and |
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| 7 | 7 | | Senator(s) Hicks, Laursen, D and Smith, D |
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| 8 | 8 | | A BILL |
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| 9 | 9 | | for |
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| 10 | 10 | | 1 AN ACT relating to state funds; amending the distribution |
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| 11 | 11 | | 2 of specified federal mineral royalties received by the |
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| 12 | 12 | | 3 state; making conforming amendments; repealing obsolete |
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| 13 | 13 | | 4 provisions; and providing for an effective date. |
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| 14 | 14 | | 5 |
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| 15 | 15 | | 6 |
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| 16 | 16 | | 7 |
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| 17 | 17 | | 8. W.S. 9-4-601(d)(intro), (vi), (vii), |
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| 18 | 18 | | 9 (o)(intro) and by creating a new subsection (p) is amended |
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| 19 | 19 | | 10 to read: |
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| 20 | 20 | | 11 |
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| 21 | 21 | | 12 |
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| 22 | 22 | | 13 |
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| 23 | 23 | | 14 2025STATE OF WYOMING25LSO-07112HB02941 (d) Except as provided in subsections |
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| 24 | 24 | | 2 of this section, any revenue received under |
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| 25 | 25 | | 3 subsection (a) of this section in excess of two hundred |
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| 26 | 26 | | 4 million dollars ($200,000,000.00) shall be distributed as |
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| 27 | 27 | | 5 follows: |
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| 28 | 28 | | 6 |
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| 29 | 29 | | 7 (vi) From the amounts which would otherwise be |
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| 30 | 30 | | 8 distributed to the school foundation program account under |
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| 31 | 31 | | 9 paragraph (iii) of this subsection and |
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| 32 | 32 | | 10 paragraphs |
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| 33 | 33 | | 11 |
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| 34 | 34 | | 12 annually appropriated to the common school permanent fund |
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| 35 | 35 | | 13 reserve account the amount determined under W.S. |
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| 36 | 36 | | 14 9-4-719(g). The appropriation shall be credited to the |
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| 37 | 37 | | 15 account as provided in W.S. 9-4-719(g); |
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| 38 | 38 | | 16 |
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| 39 | 39 | | 17 (vii) From the amounts that would otherwise be |
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| 40 | 40 | | 18 distributed to the budget reserve account under paragraph |
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| 41 | 41 | | 19 (iv) of this subsection and |
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| 42 | 42 | | 20 paragraphs |
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| 43 | 43 | | 21 |
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| 44 | 44 | | 22 necessary to make the required revenue bond payments as 2025STATE OF WYOMING25LSO-07113HB0294 |
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| 45 | 45 | | 1 provided by W.S. 9-4-1003(d), but in no event more than |
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| 46 | 46 | | 2 eighteen million dollars ($18,000,000.00) annually; |
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| 47 | 47 | | 3 |
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| 48 | 48 | | 4 (o) For fiscal year 2025, any revenue received under |
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| 49 | 49 | | 5 subsection (a) of this section in excess of five hundred |
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| 50 | 50 | | 6 forty-nine million four hundred thousand dollars |
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| 51 | 51 | | 7 ($549,400,000.00) |
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| 52 | 52 | | 8 |
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| 53 | 53 | | 9 |
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| 54 | 54 | | 10shall be distributed as follows: |
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| 55 | 55 | | 11 |
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| 56 | 56 | | 12 |
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| 57 | 57 | | 13 |
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| 58 | 58 | | 14 |
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| 59 | 59 | | 15 |
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| 62 | 62 | | 18 |
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| 63 | 63 | | 19 |
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| 64 | 64 | | 20 |
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| 65 | 65 | | 21 |
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| 66 | 66 | | 22 2025STATE OF WYOMING25LSO-07114HB02941 |
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| 67 | 67 | | 2 |
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| 68 | 68 | | 3 |
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| 69 | 69 | | 4W.S. 9-4-601(k), (m) and (n) is repealed. |
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| 70 | 70 | | 5 |
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| 71 | 71 | | 6. This act is effective July 1, 2025. |
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| 72 | 72 | | 7 |
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| 73 | 73 | | 8 (END) |
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