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 amounts based on the balance of the reserve account, and mandates that a portion of the investment earnings be deposited into the general fund after a 30-year period.

Additionally, the bill amends existing definitions and investment policies to accommodate the new account, including changes to the risk profile requirements for investments. The state treasurer is required to report annually on the account's investments to relevant legislative committees. 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