The bill establishes the Wyoming Generational Investment Account, which will consist of funds transferred or appropriated by law and is intended to 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 that starting July 1, 2026, the state auditor will transfer $100 million annually from the legislative stabilization reserve account to the generational investment account, ensuring that the reserve account maintains a minimum balance of $1 billion.

Additionally, the bill specifies the management of investment earnings from these transfers, stating that they will be allocated equally between the general fund and the legislative stabilization reserve account after a 20-year period. It also includes amendments to existing laws, such as prohibiting the appropriation or transfer of funds from the generational investment account in the state budget recommendations. The bill aims to enhance the investment strategy for state funds while ensuring long-term financial stability and growth.

Statutes affected:
Introduced: 9-2-1013, 9-4-203, 9-4-716