This amendment creates the Wyoming Generational Investment Account as a permanent trust fund and modifies the bill's effective date language.
- Adds language to Section 1 indicating that a new account is being created. (Page 1, line 13)
- Creates the Wyoming Generational Investment Account as a permanent trust fund consisting of funds transferred by law. The account shall be invested by the state treasurer in accordance with existing investment statutes, with authority to invest in equities including stocks. The account's risk profile is targeted at 85% private equity and 15% private credit investments. The state loan and investment board shall adopt investment policy statements seeking the highest possible risk-adjusted total net return consistent with safety and liquidity considerations. (Page 1-2, Section 328(a)-(b))
- Requires the state auditor to transfer $100,000,000 (or as much as available) from the legislative stabilization reserve account to the Wyoming generational investment account on July 1, 2026, provided the transfer does not reduce the legislative stabilization reserve account balance below $1,000,000,000, and only after all other required transfers are made. (Page 2, Section 328(c))
- Specifies that transfers and their investment earnings are subject to separate accounting, the transfer itself cannot be withdrawn, and investment earnings can only be withdrawn according to the distribution rules in subsection (e). (Page 2, Section 328(d))
- Establishes that investment earnings (interest, dividends, realized capital gains, and returned capital) are distributed with one-half transferred to the general fund and one-half transferred to the legislative stabilization reserve account for investment, with distributions made as earnings are received or when funds mature. (Page 2-3, Section 328(e))
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