This bill establishes a new "school generational account" as a permanent fund within the existing permanent land fund in Wyoming. The account is designed to serve as a long-term financial resource for schools, aiming to counteract declining future revenues by utilizing investment strategies that historically yield higher returns. The bill outlines specific investment guidelines, requiring that the account's risk profile align with a reference portfolio consisting of 85% global equities and 15% domestic fixed income. Additionally, it mandates that earnings from the account be deposited into a "school generational income account" and can only be expended for public school foundation program purposes, following a nine-year waiting period for the principal.

The bill also includes several amendments to existing statutes, such as defining the school generational account and its income account, and clarifying that no appropriations can be made from these accounts except as specified. A significant appropriation of $100 million from the sale of state school trust lands is allocated to the school generational account, with stipulations that this funding cannot be transferred or used for any other purpose and will not lapse at the end of a fiscal period unless further legislative action is taken. The act is set to take effect immediately upon completion of the necessary legislative processes.

Statutes affected:
25LSO-0278 v0.3: 9-4-716