Bill No.: HB0226                  Drafter:  MRW

LSO No.:  09LSO-0488              Effective Date:  7/1/2009

Enrolled Act No.:  HEA0087

Chapter No.:       157

Prime Sponsor:     Representative Shepperson

Catch Title:       State lands grazing leases.

Subject:  Criteria for state lands grazing leases.

Summary/Major Elements:

• Modifies the lease renewal criteria by establishing the minimum fair market value as determined by the board of land commissioners and a maximum of not more than 120% of the maximum fair market value as determined by the board of land commissioners, based on the previous year's values for the state, district or county, as determined by the national agricultural statistics service using:

• The private land lease rate per animal unit for Wyoming grazing leases; or

• The private land irrigated or nonirrigated cropland lease rates, as applicable, for Wyoming cropland leased on irrigated or nonirrigated cropland.

• Allows a downward adjustment of 20% to reasonably reflect the contributions the lessee provides as part of the grazing or cropland lease.