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Committee backs lowering Mineral Trust Fund distribution from 5% to 4.5%
Summary
House Bill 270 would reduce the Permanent Wyoming Mineral Trust Fund spending/distribution policy from 5% to 4.5% to build the reserve and grow the corpus; the Appropriations Committee voted 6‑1 to report the bill do pass after a brief presentation and questions.
The House Appropriations Committee voted to report House Bill 270 do pass by a 6‑1 margin after the sponsor described the bill as a change to the Permanent Wyoming Mineral Trust Fund distribution policy designed to grow the corpus and improve long‑term returns.
Representative Sherwood presented the bill and said the change would reduce the immediate distribution from the fund from 5% to 4.5% and route the difference to the…
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