Bill > HB0293

This bill eliminates the school foundation program reserve account and transfers its remaining funds to the common school permanent fund reserve account. Specifically, the bill repeals existing statutes related to the school foundation program reserve account, removes references to the account in other sections of law, and directs the state auditor to transfer all funds from the school foundation program reserve account to the common school permanent fund reserve account upon the bill's effective date. Any unexpended funds previously appropriated from the original account can still be paid from the new account, and future revenues that would have gone to the old account will now be deposited into the common school permanent fund reserve account. The bill also requires the state auditor to report to the joint appropriations committee on these fund transfers in October 2026 and October 2027, providing transparency about the financial transition. The changes aim to streamline school finance accounting by consolidating funds into a single reserve account, potentially simplifying financial management for the state's education system.

Budget and Finance

https://www.wyoleg.gov/Legislation/2025/HB0293