The bill establishes the Wyoming Compounding Investment Permanent Revenue 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 the funds in accordance with existing statutes, with a specific investment strategy that aims to maintain a risk profile aligned with a reference portfolio of 85% private equity and 15% private credit. The bill outlines the distribution of investment earnings, specifying that 37.5% of earnings attributable to the first fiscal year of deposits will be allocated to the general fund starting 30 years after the initial deposit, and similar distributions will occur annually thereafter.

Additionally, the bill includes amendments to existing statutes to clarify definitions and investment policies. Notably, it clarifies that the newly created statutory fund is not intended to codify a proposed constitutional fund, and it suggests potential amendments to avoid confusion. The state treasurer is also 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:
26LSO-0121 v0.3: 9-4-203, 9-4-716