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 system 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 account, attributable to contributions made 30 years prior, be deposited into the general fund after the specified period. The state treasurer is also required to report annually to the joint appropriations committee and the select committee on capital financing and investments regarding the account's investments. The bill includes amendments to existing definitions and investment policies, specifically adjusting the risk profile parameters for state investments.

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