summary
Introduced
In Committee
Crossed Over
Passed
Dead
02/16/2024
02/16/2024
Introduced Session
2024 Budget Session
Bill Summary
AN ACT relating to public funds; repealing accounts and subaccounts as specified; amending appropriations, loan authority, distributions and transfers of funds as specified; removing encumbrances from specified accounts; eliminating specified guarantees from accounts; providing for the distribution of excess funds as specified; providing for the transfer from and the reversion of funds from repealed accounts and subaccounts; making conforming amendments; repealing obsolete language; requiring reports; and providing for an effective date.
AI Summary
This bill repeals the budget reserve account and the strategic investments and projects account, transferring all funds in those accounts to the general fund by July 1, 2026. The bill also makes various changes to state budgeting and fund distributions, including maintaining a general fund reserve amount, distributing a portion of federal mineral royalties and severance tax revenues to local governments, and modifying the investment of funds in the Wyoming state penitentiary capital construction account. The bill requires the state auditor to report on the amounts transferred from the repealed accounts by October 1, 2026.
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Select Capital Financing & Investments (Other)
Last Action
Did not Consider for Introduction (on 02/16/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.wyoleg.gov/Legislation/2024/HB0055 |
| BillText | https://www.wyoleg.gov/2024/Introduced/HB0055.pdf |
| Fiscal Note | https://www.wyoleg.gov/2024/Fiscal/HB0055.pdf |
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