The bill establishes the Wyoming Generational Investment Account, which will consist of funds transferred or appropriated by law and will serve as a permanent trust fund. The state treasurer is tasked with investing these funds in accordance with existing investment laws, with a specific focus on maintaining a risk profile that aligns with a reference portfolio of 85% private equity and 15% private credit investments. The bill mandates that starting July 1, 2025, the state auditor will transfer $100 million annually from the legislative stabilization reserve account to the generational investment account, with strict accounting and withdrawal conditions for these funds and their earnings.

Additionally, the bill amends existing definitions and investment policies to reflect the creation of the new account. It specifies that investment earnings from the account will be deposited into the general fund after a 14-year period, and it requires the state treasurer to report annually on the account's investments and earnings. The amendments also clarify that any legal provisions that restrict or expand investment options beyond the new guidelines will take precedence. The act is set to take effect immediately upon completion of the necessary legislative processes.

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