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 state lands; authorizing the lease, exchange or sale of the Kelly parcel; specifying conditions for the sale, lease or exchange of the parcel; requiring further legislative authorization for the sale of the parcel as specified; specifying duties of the board of land commissioners and office of state lands and investments; addressing conflict of laws; and providing for an effective date.
AI Summary
This bill authorizes the lease, exchange, or sale of the Kelly parcel, a 640-acre property in Teton County, Wyoming. The bill specifies conditions for the lease, sale, and exchange of the parcel. It allows the director to lease the parcel for conservation purposes for up to 10 years with a minimum annual lease payment of $6 million. The director and the Board of Land Commissioners are prohibited from selling the parcel without subsequent legislative approval, except in specific circumstances where the parcel can be sold for a minimum of $750 million. The bill also authorizes the director to exchange the Kelly parcel for mineral interests in coal and trona in other parts of the state, with a minimum value of $1 billion. The bill becomes effective on July 1, 2024.
Sponsors (4)
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/HB0121 |
| BillText | https://www.wyoleg.gov/2024/Introduced/HB0121.pdf |
| Fiscal Note | https://www.wyoleg.gov/2024/Fiscal/HB0121.pdf |
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