Select Committee on Capital Financing & Investments
Source: wyoleg.gov
The Select Committee will continue reviewing the structure of the investment of Wyoming's permanent funds to reduce complexities and improve investment returns. As part of this topic, the Select Committee will monitor progress toward a potential amendment to the Act of Admission (in light of 2025 House Joint Resolution 1) and consider whether further statutory and constitutional changes are necessary to move toward a total return investment model (based on expending earnings and not just income or interest). The Select Committee will also monitor the implementation of 2025 Senate File 70, which adopted a modified total-return investment and expenditure model for the Wyoming Wildlife and Natural Resource Trust and the Wyoming Cultural Trust Fund.
The Select Committee will explore the need for and potential structure of an intergenerational fund to maximize investment earnings, including a review of 2025 House Bill 95, 2025 House Bill 107, and 2025 Senate File 197.
The Select Committee will review revenues that the state collects from gaming and pari-mutuel activities in the state and consider whether those revenues (or a portion of them) should be deposited in investment funds or accounts to generate additional earnings. This topic is limited to gaming revenues and will not include consideration of gaming regulation in light of the newly created Select Committee on Gaming.
LSO staff are available to answer questions about this committee's work.
The Select Committee will receive updates and reports related to capital financing and investments, including reports required by law. In line with its statutory duties, the Select Committee will monitor state investment activities and spending policies, including submitting a required report on any recommended changes to annual spending policies. The Select Committee will receive reports from relevant agencies and may consider legislation in response to those reports.