Common school account-spending policy amount.

Wyoming's HB 271 reduces the annual spending rate for the common school account within the state's permanent land fund from 5% to 4.5% of the account's five-year average market value. This change directly affects public school funding by lowering the amount that can be spent each year from this specific account. The bill modifies statutes governing how investment earnings and federal mineral royalties are handled within the school funding system. It takes effect on July 1, 2025, and represents a concrete adjustment to the state's school finance formula. The bill does not change the total funds available but alters the calculation method for annual spending.