HB0095

Creates a permanent school generational account within the permanent land fund to generate long-term investment returns for Wyoming public schools through compounding investments and delayed earnings expenditure.

• Establishes the school generational account as a permanent, inviolate fund within the permanent land fund designed to increase school revenues through long-term investment strategies and compounding returns. (W.S. 9-4-227(a), Sec. 1)
• Requires the school generational account to be invested with an overall risk profile consisting of 85% private equity and 15% private credit investments, with the goal of achieving the highest possible risk-adjusted returns while maintaining safety and liquidity. (W.S. 9-4-227(b), W.S. 9-4-716(e))
• Creates the school generational income account within the permanent land income fund to receive earnings from the school generational account at times determined by the state treasurer. (W.S. 9-4-227(c), W.S. 9-4-310(c)(vi))
• Establishes a 22-year restriction on expenditure of earnings from the school generational account, during which earnings must be deposited in the school generational income account but cannot be spent. (W.S. 9-4-227(d))
• Permits appropriation and expenditure of school generational income account earnings only through legislative action and only for purposes authorized under the public school foundation program. (W.S. 9-4-227(e))
• Exempts the school generational account from the annual inflation-based transfer requirement that applies to other permanent land fund accounts. (W.S. 9-4-305(b))
• Prohibits direct appropriations from the school generational account, treating it like other core permanent land fund accounts. (W.S. 9-4-310(b))
• Appropriates up to $100 million from state school trust land sales occurring before December 31, 2025, to the school generational account, with funds remaining available indefinitely without lapsing or reverting. (Sec. 3)

Effective: Effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution