§ 9-2-2307 — Disbursement of grants

(a) Subject to approval of applications from nonprofit and
governmental cultural, historical and arts organizations, the
board may award grants from the income account to promote,
preserve and enhance the unique cultural heritage of Wyoming and
its people.
(b) The board shall have the discretion in determining the
amount of money under each grant, except that the total amount
of grants awarded in any one (1) fiscal year shall not exceed
the spending policy amount specified in subsection (c) of this
section plus additional sums as allowed under paragraph (c)(ii)
of this section.
(i) Repealed by Laws 2025, ch. 149, § 2.
(ii) Repealed by Laws 2025, ch. 149, § 2.
(c) The amount of monies available for making grants under
this article in any one (1) fiscal year shall be an amount equal
to three percent (3%) of the five (5) year average market value
of the Wyoming cultural trust fund, calculated from the first
day of the fiscal year. This amount shall constitute the
spending policy for the trust fund and shall, subject to
legislative appropriation, be annually credited from the trust
fund to the income account for expenditure on grants. This
subsection shall be subject to the following:
(i) For purposes of calculating the spending policy
under this subsection, the five (5) year average market value of
the trust fund shall be calculated as follows:
(A) For fiscal year 2026, the five (5) year
average market value shall be equal to the market value of the
trust fund, as calculated on the first day of the fiscal year;
(B) For fiscal year 2027, the five (5) year
average market value shall be equal to the previous two (2) year
average market value of the trust fund, as calculated on the
first day of the fiscal year;
(C) For fiscal year 2028, the five (5) year
average market value shall be equal to the previous three (3)
year average market value of the trust fund, as calculated on
the first day of the fiscal year;
(D) For fiscal year 2029, the five (5) year
average market value shall be equal to the previous four (4)
year average market value of the trust fund, as calculated on
the first day of the fiscal year;
(E) For fiscal year 2030 and each fiscal year
thereafter, the five (5) year average market value shall be
equal to the previous five (5) year average market value of the
trust fund, as calculated on the first day of the fiscal year.
(ii) Nothing in this subsection shall be construed to
limit the expenditure of the following monies in the income
account, which expenditures shall not be counted within the
spending policy:
(A) Special appropriations, grants, transfers,
bequests or donations to the income account unless the
appropriation, grant, gift, transfer, bequest or donation
provides otherwise;
(B) Unobligated and unencumbered monies in the
income account that were credited to the income account in a
prior fiscal year as part of that year's authorized spending
policy;
(C) Previously obligated or encumbered monies in
the income account.