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 account's 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 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 that the newly created account is not intended to codify a proposed constitutional fund. It also mandates that the state treasurer report annually on the account's investments to relevant legislative committees. The bill 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