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Wyoming Senate Bill SF0137

Wyoming 2025 Regular Session

Wyoming Senate Bill SF0137 Compare Versions

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1-ORIGINAL SENATE
2-FILE NO. SF0137
3-ENROLLED ACT NO. 37, SENATE
4-SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
5-2025 GENERAL SESSION
6-1
7-AN ACT relating to school finance; extending the sunset
8-date for an increase in school district operating balances
9-and cash reserves; and providing for an effective date.
10-Be It Enacted by the Legislature of the State of Wyoming:
11-Section 1. W.S. 21-13-313(e) is amended to read:
12-21-13-313. Distribution of funds from foundation
13-account; property tax and cash reserve adjustment;
14-regulations.
15-(e) Not later than January 31 of each fiscal year,
16-and except where a different percentage is otherwise
17-specified in this subsection, the department shall compute
18-the amount by which each district's operating balance and
19-cash reserves at the end of the preceding fiscal year
20-exceed fifteen percent (15%) of the total foundation
21-program amount computed under W.S. 21-13-309 for the
22-preceding fiscal year. In making this calculation, the
23-entire operating balance and cash reserves for each
24-district for the fiscal year ending June 30, 1997, as
25-computed by the department, shall be separately accounted
26-for and excluded, until it has been completely expended by
27-the district. Revenues from settlements of protested
28-amounts attributable to levies assessed under W.S.
29-21-13-102(a)(i)(A) and (ii)(A) and 21-13-201, regardless of
30-the assessment year, shall be accounted for and excluded
31-from the calculation under this subsection for a period of
32-not more than one (1) year following that fiscal year in
33-which the revenue was received by a district, as verified
34-in writing by the district and certified by the county
35-treasurer. Except as otherwise provided in 1997 Special
36-Session Laws, chapter 3, section 306(e), as amended, and
37-except as excluded under this subsection, that excess shall ORIGINAL SENATE
38-FILE NO. SF0137
39-ENROLLED ACT NO. 37, SENATE
40-SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
41-2025 GENERAL SESSION
42-2
43-be deemed to be a state revenue under W.S. 21-13-310(a) for
44-the purpose of determining distributions under W.S.
45-21-13-311 and amounts to be rebated under W.S. 21-13-102.
46-The department shall promulgate rules, including reporting
47-requirements and procedures for districts, to implement
48-this subsection. As used in this section, "operating
49-balance and cash reserves" means those financial resources
50-of the district which are not encumbered by the district
51-board of trustees for expenditure to meet an existing legal
52-obligation or otherwise restricted by law or regulation for
53-expenditure on specific educational programs. For purposes
54-of this subsection, any balance within a district's
55-separate account established under W.S. 21-15-109(e) for
56-major building and facility repair and replacement shall be
57-deemed restricted by law for expenditure as provided by
58-W.S. 21-15-109(e) and shall not be considered an operating
59-balance and cash reserve under this section. For the fiscal
60-year ending June 30, 2022 through the fiscal year ending
61-June 30, 2026 , the department shall compute
62-the amount by which each district's operating balance and
63-cash reserves at the end of the preceding fiscal year
64-exceed thirty percent (30%) of the total foundation program
65-amount computed under W.S. 21-13-309 for the preceding
66-fiscal year. During this period, the amount of a district's
67-operating balance and cash reserves that may be increased
68-from fifteen percent (15%) to thirty percent (30%) of the
69-total foundation program amount computed under W.S.
70-21-13-309 for the preceding fiscal year shall be accounted
71-for and reported separately and shall not be transferred or
72-expended for purposes of capital construction. For purposes
73-of this subsection, "capital construction" does not include
74-major building and facility repair and replacement as
75-defined under W.S. 21-15-109(a)(iii). ORIGINAL SENATE
76-FILE NO. SF0137
77-ENROLLED ACT NO. 37, SENATE
78-SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
79-2025 GENERAL SESSION
80-3Section 2. This act is effective July 1, 2025.
81-(END)
82-Speaker of the HousePresident of the SenateGovernorTIME APPROVED: _________DATE APPROVED: _________
83-I hereby certify that this act originated in the Senate.
84-Chief Clerk
1+2025
2+STATE OF WYOMING
3+25LSO-04261SF0137
4+SENATE FILE NO. SF0137
5+School finance-cash reserves.
6+Sponsored by: Senator(s) Dockstader, Landen and Schuler and
7+Representative(s) Byron and Erickson
8+A BILL
9+for
10+1 AN ACT relating to school finance; extending the sunset
11+2 date for an increase in school district operating balances
12+3 and cash reserves; and providing for an effective date.
13+4
14+5
15+6
16+7. W.S. 21-13-313(e) is amended to read:
17+8
18+9
19+10
20+11
21+12
22+13 (e) Not later than January 31 of each fiscal year,
23+14 and except where a different percentage is otherwise
24+15 specified in this subsection, the department shall compute 2025STATE OF WYOMING25LSO-04262SF0137
25+1 the amount by which each district's operating balance and
26+2 cash reserves at the end of the preceding fiscal year
27+3 exceed fifteen percent (15%) of the total foundation
28+4 program amount computed under W.S. 21-13-309 for the
29+5 preceding fiscal year. In making this calculation, the
30+6 entire operating balance and cash reserves for each
31+7 district for the fiscal year ending June 30, 1997, as
32+8 computed by the department, shall be separately accounted
33+9 for and excluded, until it has been completely expended by
34+10 the district. Revenues from settlements of protested
35+11 amounts attributable to levies assessed under W.S.
36+12 21-13-102(a)(i)(A) and (ii)(A) and 21-13-201, regardless of
37+13 the assessment year, shall be accounted for and excluded
38+14 from the calculation under this subsection for a period of
39+15 not more than one (1) year following that fiscal year in
40+16 which the revenue was received by a district, as verified
41+17 in writing by the district and certified by the county
42+18 treasurer. Except as otherwise provided in 1997 Special
43+19 Session Laws, chapter 3, section 306(e), as amended, and
44+20 except as excluded under this subsection, that excess shall
45+21 be deemed to be a state revenue under W.S. 21-13-310(a) for
46+22 the purpose of determining distributions under W.S.
47+23 21-13-311 and amounts to be rebated under W.S. 21-13-102. 2025STATE OF WYOMING25LSO-04263SF0137
48+1 The department shall promulgate rules, including reporting
49+2 requirements and procedures for districts, to implement
50+3 this subsection. As used in this section, "operating
51+4 balance and cash reserves" means those financial resources
52+5 of the district which are not encumbered by the district
53+6 board of trustees for expenditure to meet an existing legal
54+7 obligation or otherwise restricted by law or regulation for
55+8 expenditure on specific educational programs. For purposes
56+9 of this subsection, any balance within a district's
57+10 separate account established under W.S. 21-15-109(e) for
58+11 major building and facility repair and replacement shall be
59+12 deemed restricted by law for expenditure as provided by
60+13 W.S. 21-15-109(e) and shall not be considered an operating
61+14 balance and cash reserve under this section. For the fiscal
62+15 year ending June 30, 2022 through the fiscal year ending
63+16
64+17 the amount by which each district's operating balance and
65+18 cash reserves at the end of the preceding fiscal year
66+19 exceed thirty percent (30%) of the total foundation program
67+20 amount computed under W.S. 21-13-309 for the preceding
68+21 fiscal year. During this period, the amount of a district's
69+22 operating balance and cash reserves that may be increased
70+23 from fifteen percent (15%) to thirty percent (30%) of the 2025STATE OF WYOMING25LSO-04264SF0137
71+1 total foundation program amount computed under W.S.
72+2 21-13-309 for the preceding fiscal year shall be accounted
73+3 for and reported separately and shall not be transferred or
74+4 expended for purposes of capital construction. For purposes
75+5 of this subsection, "capital construction" does not include
76+6 major building and facility repair and replacement as
77+7 defined under W.S. 21-15-109(a)(iii).
78+8
79+9. This act is effective July 1, 2025.
80+10
81+11 (END)