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 that the account's earnings will be deposited into a "school generational income account" and can only be appropriated for educational purposes as authorized under the public school foundation program. Additionally, it mandates that earnings from the account cannot be expended until at least nine years after the funds are credited, ensuring a long-term investment approach.

The bill also includes specific amendments to existing statutes, such as the creation of new definitions and provisions related to the management and investment of the school generational account. Notably, it specifies that the account will be invested under a separate investment policy statement, with a risk profile that aligns with a reference portfolio of 85% global equities and 15% domestic fixed income. Furthermore, the bill appropriates $100 million from the sale of state school trust lands to the school generational account, ensuring that these funds are dedicated solely to this purpose and do not lapse at the end of the fiscal period without further legislative action.

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