Bill > SF0065

This bill, effective July 1, 2026, repeals and terminates the Wyoming Business Council and the Wyoming Economic Development Act, transferring its functions and programs to other state entities, primarily the State Budget Department, the Wyoming Energy Authority, and the State Loan and Investment Board. The bill outlines specific requirements for the council's winding down, including ceasing new applications, processing pending ones, and transferring assets and liabilities. It mandates a forensic audit of the council's finances and operations, and requires the council to report on its financial status, outstanding obligations, property, and wind-down activities by April 30, 2026. The State Budget Department will assume responsibility for existing loans, grants, and financial aid, while other programs like the Wyoming energy conservation improvement program and the minerals to value added products program will be managed by the Wyoming Energy Authority, and the broadband development program will be overseen by the State Loan and Investment Board. The bill also includes conforming amendments to various statutes to reflect these changes and repeals obsolete provisions. An appropriation of $2,000,000 is provided to the State Budget Department for two full-time positions to implement these changes.

Appropriations (Joint)

https://www.wyoleg.gov/Legislation/2026/SF0065