The bill establishes a new "school generational account" within the permanent land fund, aimed at creating a sustainable source of funding for schools through long-term investment strategies. The account is designed to be inviolate, meaning the principal amount will remain untouched, while the earnings generated from investments will be allocated to a newly created "school generational income account." The bill outlines specific investment guidelines to ensure that the risk profile of the school generational account aligns with a reference portfolio consisting of 85% private equity and 15% private credit investments. Additionally, it stipulates that earnings from this account can only be appropriated for educational purposes after a minimum period of 22 years.

The bill also amends existing statutes to incorporate the new accounts and their definitions, ensuring that funds from the sale of state school trust lands are directed to the school generational account. A total of $100 million is appropriated from these sales to support the account, with provisions to prevent the funds from being transferred or expended for any other purpose. The bill emphasizes the importance of prudent investment and legislative oversight in the management of these funds, aiming to enhance the financial stability of educational funding in Wyoming.

Statutes affected:
Introduced: 9-4-203, 9-4-305, 9-4-310, 9-4-716