WyomingSF 1692025 General SessionSenate

AN ACT relating to public funds; repealing the strategic investments and projects account; providing for the transfer from and the reversion of funds from the strategic investments and projects account; making conforming amendments; repealing obsolete language; requiring reports; and providing for effective dates.

Sponsored By: Larry Hicks (Republican)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 2 benefits, 0 costs, 2 mixed.

Wyoming funds prison construction and security

Wyoming keeps a separate state penitentiary construction account, with spending allowed only through legislative approval. Beginning June 30, 2027, it receives up to $10 million each fiscal year from available, uncommitted general fund money. These transfers end July 1, 2038. The account uses Pool A investments through June 30, 2034; afterward, the state treasurer chooses investments, with earnings staying in the account. Upon enactment, the law also requires a $9 million transfer from the prison construction account to the Department of Corrections. That money can only pay to integrate the department's security system.

Wyoming funds its state shooting complex

Upon enactment, the law requires a transfer of up to $10 million from the strategic investments and projects account. The Department of State Parks and Cultural Resources receives the available money for the Wyoming state shooting complex. It can use the funds only to choose a site, build, operate, and maintain the complex.

Wyoming closes its dedicated projects account

Beginning July 1, 2026, Wyoming ends the strategic investments and projects account and moves its money to the general fund. The prison construction account stays separate and is excluded from that transfer. The general fund pays remaining appropriations and obligations made before July 1, 2026. Money required to return to the closed account, and accrued revenue meant for it, instead goes to the general fund. The state auditor must report transfer amounts to the Joint Appropriations Committee by October 31, 2026, and October 31, 2027.

Wyoming redirects mineral trust earnings

Beginning July 1, 2026, qualifying mineral trust earnings go entirely to the legislative stabilization reserve account. They are no longer split equally with the strategic investments and projects account. This covers earnings above 2.5% of the trust's average market value over the previous five years, up to the spending-policy amount. Earnings above both thresholds go into the permanent mineral trust fund, subject to its spending rules. The law also establishes a permanent mineral trust reserve account, with investments managed by the treasurer and earnings kept there. Its formula, dated July 1, 2021, directs quarterly transfers of available, uncommitted money to the general fund. Those transfers support annual spending up to 2.5% of the trust's previous five-year average market value.

Sponsors & Cosponsors

Sponsor

  • Larry Hicks

    Republican • Senate

Cosponsors

  • Bill Allemand

    Republican • House

  • Abby Angelos

    Republican • House

  • John Bear

    Republican • House

  • Scott Heiner

    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: 290 • No: 228

Senate vote • 3/6/2025

S Adopted SF0169JC002: 19-9-3-0-0

Yes: 19 • No: 9

House vote • 3/6/2025

H Adopted SF0169JC002: 38-15-9-0-0

Yes: 38 • No: 15

Senate vote • 3/5/2025

S Concur:Failed 1-30-0-0-0

Yes: 1 • No: 30

House vote • 3/4/2025

Amendment adopted 42-19-1-0-0

Yes: 42 • No: 19

House vote • 3/4/2025

Amendment failed 28-33-1-0-0

Yes: 28 • No: 33

House vote • 3/4/2025

H 3rd Reading:Passed 46-14-2-0-0

Yes: 46 • No: 14

House vote • 3/4/2025

Amendment adopted 34-27-1-0-0

Yes: 34 • No: 27

House vote • 3/3/2025

Amendment failed 21-40-1-0-0

Yes: 21 • No: 40

House vote • 3/3/2025

Amendment failed 20-40-2-0-0

Yes: 20 • No: 40

House vote • 2/25/2025

H02 - Appropriations:Recommend Do Pass 7-0-0-0-0

Yes: 7 • No: 0

Senate vote • 2/11/2025

S 3rd Reading:Passed 29-1-1-0-0

Yes: 29 • No: 1

Senate vote • 2/3/2025

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

Yes: 5 • No: 0

Actions Timeline

  1. Assigned Chapter Number 161

    3/18/2025
  2. Governor Signed and Line Item Vetoed

    3/18/2025Governor
  3. H Speaker Signed SEA No. 0098

    3/6/2025House
  4. S President Signed SEA No. 0098

    3/6/2025Senate
  5. Assigned Number SEA No. 0098

    3/6/2025
  6. Pursuant to JR 2-1(c): H Appointed JCC02 Members

    3/6/2025House
  7. Pursuant to JR 2-1(c):S Appointed JCC02 Members

    3/5/2025Senate
  8. H Appointed JCC01 Members

    3/5/2025House
  9. S Appointed JCC01 Members

    3/5/2025Senate
  10. S Concur:Failed 1-30-0-0-0

    3/5/2025Senate
  11. S Received for Concurrence

    3/4/2025Senate
  12. H 3rd Reading:Passed 46-14-2-0-0

    3/4/2025House
  13. H 2nd Reading:Passed

    3/3/2025House
  14. H 2nd Reading:Laid Back

    2/28/2025House
  15. H COW:Passed

    2/27/2025House
  16. H Placed on General File

    2/25/2025House
  17. H02 - Appropriations:Recommend Do Pass 7-0-0-0-0

    2/25/2025House
  18. H Introduced and Referred to H02 - Appropriations

    2/14/2025House
  19. H Received for Introduction

    2/11/2025House
  20. S 3rd Reading:Passed 29-1-1-0-0

    2/11/2025Senate
  21. S 2nd Reading:Passed

    2/10/2025Senate
  22. S COW:Passed

    2/7/2025Senate
  23. S COW:Laid Back

    2/4/2025Senate
  24. S Placed on General File

    2/3/2025Senate
  25. S02 - Appropriations:Recommend Do Pass 5-0-0-0-0

    2/3/2025Senate

Bill Text

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