WyomingSF 1682025 General SessionSenate

AN ACT relating to public funds; repealing the budget reserve account; providing for the transfer from and the reversion of funds from the budget reserve account; making conforming amendments; repealing obsolete language; requiring reports; and providing for an effective date.

Sponsored By: Larry Hicks (Republican)

Became Law

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Bill Overview

Analyzed Economic Effects

6 provisions identified: 0 benefits, 1 costs, 5 mixed.

Local governments get funding with revenue limits

Beginning July 1, 2026, the budget can recommend extra general fund support for covered state agencies and local governments. Local funding cannot exceed money available after covered state agency appropriations. Of local funding, counties get 30%; cities and towns get 70%, with both shares divided by population. Payments reflect revenue actually recognized and are due by October 15 of the following fiscal year. When revenue falls below estimates, local payments and covered state agency spending authority shrink by the same percentage. Covered agencies include transportation, the University of Wyoming, and the Water Development Office. Interest earned on money allocated to local governments stays in the general fund as a reserve.

Mineral revenue funds Wyoming and its university

Beginning July 1, 2026, two-thirds of covered mineral royalty revenue above $200 million goes to Wyoming's general fund. This money previously went to the budget reserve account. Required revenue bond payments can use up to $18 million annually from amounts otherwise going to the general fund. Through June 30, 2049, the first $8 million otherwise going to the general fund goes to a separate University of Wyoming account.

Wyoming replaces its budget reserve account

On July 1, 2026, Wyoming closes its budget reserve account and moves all remaining money to the general fund. The general fund pays outstanding commitments and receives money that otherwise returns to or enters the closed account. The governor must recommend a separate general fund reserve of at least 5% of estimated receipts for the next two-year budget. At each two-year budget's end, balances above that reserve move to the legislative stabilization reserve account. Starting at fiscal year 2028's end, the state auditor must transfer excess balances not committed or set aside for spending. These transfers follow accrual accounting rules, which count amounts owed as well as cash.

Wyoming routes tax receipts to general fund

Beginning July 1, 2026, covered severance tax distributions remain capped at $155 million per fiscal year after earlier required distributions. Any money above that cap goes to the general fund. All collections under state laws W.S. 39-19-101 through 39-19-111 also go to the general fund. These rules change where state receipts go, not household tax bills.

Behavioral health providers risk losing withheld funds

The Department of Health must withhold at least 5% from each community mental health or substance abuse provider contract. Withheld money depends on a written agreement setting performance and outcome measures. Beginning July 1, 2026, funds return to the general fund if the division and provider do not agree on those measures. The money returns at the end of the two-year budget period in which it was withheld.

Waste program receipts move to general fund

Beginning July 1, 2026, municipal solid waste cease-and-transfer loan repayments go to the general fund instead of the budget reserve account. This includes both principal and interest payments. Interest earned in the program's grant and loan accounts also goes to the general fund. The change redirects state receipts without changing household loan terms or creating household payment duties.

Sponsors & Cosponsors

Sponsor

  • Larry Hicks

    Republican • Senate

Cosponsors

  • Bill Allemand

    Republican • House

  • Abby Angelos

    Republican • House

  • John Bear

    Republican • House

  • Scott Heiner

    Republican • House

  • Chip Neiman

    Republican • House

  • Ken Pendergraft

    Republican • House

  • Scott Smith

    Republican • House

  • Ogden Driskill

    Republican • Senate

  • Mike Gierau

    Democratic • Senate

  • Dan Laursen

    Republican • Senate

  • Tara Nethercott

    Republican • Senate

  • Tim Salazar

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 87 • No: 15

House vote • 2/20/2025

H 3rd Reading:Passed 45-15-2-0-0

Yes: 45 • No: 15

House vote • 2/13/2025

H02 - Appropriations:Recommend Do Pass 6-0-1-0-0

Yes: 6 • No: 0

Senate vote • 1/31/2025

S 3rd Reading:Passed 31-0-0-0-0

Yes: 31 • No: 0

Senate vote • 1/28/2025

S02 - Appropriations:Recommend Do Pass 5-0-0-0-0

Yes: 5 • No: 0

Actions Timeline

  1. Assigned Chapter Number 63

    2/27/2025
  2. Became Law without Signature

    2/27/2025
  3. H Speaker Signed SEA No. 0021

    2/24/2025House
  4. S President Signed SEA No. 0021

    2/21/2025Senate
  5. Assigned Number SEA No. 0021

    2/20/2025
  6. H 3rd Reading:Passed 45-15-2-0-0

    2/20/2025House
  7. H 2nd Reading:Passed

    2/19/2025House
  8. H COW:Passed

    2/18/2025House
  9. H Placed on General File

    2/13/2025House
  10. H02 - Appropriations:Recommend Do Pass 6-0-1-0-0

    2/13/2025House
  11. H Introduced and Referred to H02 - Appropriations

    2/10/2025House
  12. H Received for Introduction

    1/31/2025House
  13. S 3rd Reading:Passed 31-0-0-0-0

    1/31/2025Senate
  14. S 2nd Reading:Passed

    1/30/2025Senate
  15. S COW:Passed

    1/29/2025Senate
  16. S Placed on General File

    1/28/2025Senate
  17. S02 - Appropriations:Recommend Do Pass 5-0-0-0-0

    1/28/2025Senate
  18. S Introduced and Referred to S02 - Appropriations

    1/24/2025Senate
  19. S Received for Introduction

    1/24/2025Senate
  20. Bill Number Assigned

    1/23/2025

Bill Text

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