Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Appropriations committee approves bill to simplify distribution of federal mineral royalties
Summary
House Bill 294 would change distributions of federal mineral royalty revenue, routing future excesses into two reserve accounts split 50/50 and removing several smaller distribution provisions; committee passed the bill following testimony and a caution from school administrators.
Representative Bair presented House Bill 294, a bill to simplify how federal mineral royalties (FMRs) above certain thresholds are distributed. The measure would eliminate several specific subdistributions and instead allocate FMRs above statutory thresholds half to the common school permanent fund reserve account and half to the permanent Wyoming mineral trust fund reserve account.
Representative Bair told the committee the change is intended to simplify the state's cash-flow architecture and shift money into reserve accounts that can be invested for higher returns…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
