This amendment removes certain withdrawal and reporting provisions from the Wyoming generational investment account law and refines the definition of investment earnings.
- Deletes subsection (d)(i) which required the state treasurer to separately account for each annual transfer and its earnings. (Page 3, lines 19-21)
- Deletes subsection (d)(ii) and (d)(iii) which restricted withdrawal of annual transfers and investment earnings. (Page 4, lines 1-11)
- Renumbers subsection (e) to (d) due to deletion of former subsection (d). (Page 4, line 13)
- Changes the language describing investment earnings from 'arising from' to 'attributable to' the annual transfer made thirty years earlier. (Page 4, lines 17-9)
- Removes the word 'All' from the beginning of the sentence regarding remaining investment earnings. (Page 4, line 11)
- Deletes former subsection (e)(ii) which specified the timing of investment earnings distribution. (Page 4, lines 20-21)
- Deletes the remainder of former subsection (e)(iii) regarding liquidation of investments. (Page 4, line 22)
- Simplifies the definition of 'investment earnings' to include only interest, income, dividends and realized capital gains, removing reference to returned capital. (Page 5, lines 2-4)
- Renumbers subsection (f) to (e) due to deletion of former subsection (d). (Page 5, line 15)
- Deletes the reporting requirement and related language regarding the state treasurer's annual report to legislative committees. (Page 5, lines 19-23)
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