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 approach for the annual transfer of $100 million from the legislative stabilization reserve account to the investment account, starting July 1, 2025, and continuing annually until 2055. It also specifies that investment earnings from these transfers will be managed separately and will not be withdrawn until 30 years after the initial deposit, at which point a portion will be allocated to the general fund.

Additionally, the bill amends existing definitions and investment policies to accommodate the new account. It clarifies that the overall risk profile for investments should not exceed that of a reference portfolio consisting of 70% global equities and 30% domestic fixed income investments. The state treasurer is required to report annually on the account's investment performance and policy reviews. The act will take effect immediately upon completion of the necessary legislative processes.

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