The proposed amendment to the Wyoming Constitution seeks to modernize the Permanent Wyoming Mineral Trust Fund (PWMTF) by establishing a separate earnings fund for all investment earnings. The amendment clarifies that the PWMTF's corpus must remain "inviolate," meaning that any investment or loan losses must be compensated, and it mandates that the Legislature create laws detailing the manner, means, and timing for addressing these losses. Additionally, the amendment specifies that all earnings from the PWMTF, which may include both realized and unrealized gains, will be credited to this separate earnings fund on at least an annual basis.

Furthermore, the amendment allows for the investment, holding, or distribution of the separate earnings fund as prescribed by the Legislature. It also retains the provision that the Legislature can set conditions for loaning funds to political subdivisions of the state, while ensuring that any losses from these loans are also addressed in a timely manner. Overall, this amendment aims to enhance the management and protection of the PWMTF for the benefit of current and future generations in Wyoming.