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 outlines a structured transfer process from the legislative stabilization reserve account to the generational investment account, specifying annual transfer amounts based on the balance of the reserve account, ranging from $0 to $100 million, starting from July 1, 2026, and continuing until July 1, 2056.

Additionally, the bill mandates that 37.5% of the investment earnings from the generational investment account be deposited into the general fund after a 30-year period following the initial deposit. The state treasurer is also required to report annually on the account's investments to relevant legislative committees. The bill includes amendments to existing definitions and investment policies, specifically adjusting the risk profile parameters for state investments. The act is set to take effect immediately upon completion of the necessary legislative processes.

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