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2001 Wyoming Attorney General Reports and Opinions 1 (2001)

handle is hein.sag/sagwy0028 and id is 1 raw text is: May 7, 2001 FORMAL OPINION NO. 2001 -001 TO: Cynthia Lummis Wyoming State Treasurer FROM: Gay Woodhouse Attorney General Michael L. Hubbard Deputy Attorney General QUESTION PRESENTED: Will a new town incorporated under Wyoming law on or before July 1, 2001 participate in the distribution of the Municipal Mineral Trust Fund under subparagraph (b) of Section 6 of Senate Enrolled Act No. 74 of the 2001 General Session? SHORT ANSWER: Yes, please see discussion. DISCUSSION As you know, Section 6 of Senate Enrolled Act No. 74 provides as follows: Section 6. The municipal mineral trust fund is repealed effective July 1, 2001. Not later than December 31, 2001, the state treasurer shall distribute all funds within the municipal mineral trust fund to cities and towns in Wyoming as follows: (a) Twenty-five percent (25%) shall be distributed equally among all cities and towns in Wyoming; (b) Seventy-five percent (75%) shall be distributed to cities and towns in the proportion which the population of the city or town bears to the population of all cities and towns in Wyoming, based upon the most recent federal decennial census. (emphasis added) Senate Enrolled Act No. 74 modifies the plan adopted last year for the de- earmarking of federal mineral royalties and severance taxes. As part of the new plan, the