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 school revenues through strategic investments that leverage the compounding effect of money. The bill outlines specific investment strategies, requiring that the account's overall risk profile not exceed that of 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 purposes authorized under the public school foundation program, 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 specifying that appropriations to the account will not lapse or revert unless further legislative action is taken. A significant appropriation of $100 million from the sale of state school trust lands is allocated to the school generational account, ensuring that these funds are dedicated solely to this purpose. The bill emphasizes the importance of maintaining the integrity of the account as a perpetual fund for the benefit of Wyoming schools.

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