Wildlife and natural resource trust-funding.

08LSO-0341.L1

FISCAL NOTE

	FY 2008	FY 2009	FY 2010
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Increase (Decrease):
PERM. MINERAL TRUST FUND	(50,000,000)	0	0
WILDLIFE NAT. RES. TRUST	50,000,000	0	0

Source of revenue increase (decrease): Diversion of FY 2008 investment income revenues from the Permanent Wyoming Mineral Trust Fund to Wyoming Wildlife and Natural Resource Trust Account

Assumptions:

The annual spending policy for the Permanent Wyoming Mineral Trust Fund (PWMTF) is currently set at five percent (5%) of the average five (5) year rolling average market value. Investment earnings from the PWMTF exceeding this five percent (5%) spending policy amount flow to the PWMTF spending policy reserve account.  If the balance in the spending policy reserve account reaches 75% of the spending policy amount, the excess in the reserve account is transferred to the corpus of the PWMTF.

This bill would capture $50 million of the excess that would otherwise flow to the PWMTF corpus and deposit it into the Wyoming Wildlife and Natural Resource Trust Fund.  This transfer would take place at the end of FY 2008.

This bill is effective immediately. Therefore the estimates in the table above reflect this change in revenue distribution in FY 2008.

Prepared by:   Dean Temte, LSO    Phone: 777-7881

(Info. provided by Sharon Garland, Treasurer's Office; 777-7475)