The bill establishes the "Invest in Wyoming" program, which mandates that state funds be managed by intrastate investment managers located in Wyoming. The state treasurer is tasked with creating an annual list of these managers, ensuring they meet specific qualifications, and contracting with them based on a qualification process that considers their historical performance. The bill outlines the requirements for intrastate investment managers, including the submission of audited financial statements and proof of certification or licensing. It also sets limits on the percentage of state funds that can be managed by a single intrastate investment manager and requires regular performance reporting to the state treasurer.

Additionally, the bill introduces new definitions for "intrastate investment manager" and "interstate investment manager," clarifying the criteria for each. It amends existing laws to ensure that intrastate investment managers are not subject to conflicting provisions. The act is set to take effect on July 1, 2025, and it explicitly states that it will not affect any contracts or agreements made prior to that date.

Statutes affected:
Introduced: 9-4-714, 9-4-718