Bill > SF0123

This bill establishes the Wyoming Energy Dominance Fund, which will be administered by the Wyoming Energy Authority and funded through specific distributions of severance tax revenues, which are taxes levied on the extraction of natural resources. The fund is intended to support projects related to Wyoming's energy needs, excluding wind and solar energy, by providing grants and loans for applied research, demonstration, pilot projects, and commercial development. Grant recipients must secure matching funds from non-state sources, and loans will have specific terms regarding feasibility, collateral, repayment to the permanent Wyoming mineral trust fund, and interest rates. The bill also outlines an application process for grants and loans, requires regular reporting from recipients, and mandates that the Attorney General certify the legality of each transaction. Furthermore, the Wyoming Energy Authority must notify legislative committees of proposed expenditures from the fund at least 30 days in advance. This new fund will be repealed on December 31, 2028, with any remaining funds reverting to the permanent Wyoming mineral trust fund reserve account. The bill also makes conforming amendments to existing laws regarding severance tax distributions, adjusting the timeline for how these revenues are allocated to various funds, including the new Energy Dominance Fund.

Budget and Finance

https://www.wyoleg.gov/Legislation/2026/SF0123