Modernizing Investment Rules for State Funds
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Bill Summary - 25LSO-0153 Bill No.: SF0070 Effective: 7/1/2025 LSO No.: 25LSO-0153 Enrolled Act No.: SEA No. 0084 Chapter No.: 149 Prime Sponsor: Select Committee on Capital Financing & Investments Catch Title: Investment modernization-state nonpermanent funds. Has Report: No Subject: Wyoming Wildlife and Natural Resource Trust / Wyoming Cultural Trust restructuring for investment and expenditure using a modified endowment model. Summary/Major Elements: This bill modifies the Wyoming Wildlife and Natural Resource Trust Fund and the Wyoming Cultural Trust Fund. The bill removes the inviolate status of both fund corpuses in order to enhance their investment potential, while imposing spending policies that set the amount of each funds' corpus that is annually transferred to an income account. All grants are funded from the income account. The bill allows unspent monies from one (1) year to be carried forward and spent in a subsequent year without counting toward the subsequent year's spending policy amount. The bill allows monies in both corpus accounts to be invested in stocks and equities and requires that all investment earnings be deposited back to each fund's corpus. Because the bill authorizes both the Wildlife and Natural Resource Trust Fund and Cultural Trust Fund to be invested in stocks and equities, the bill repeals law that allowed them to participate in the Pool A investment fund. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.
Public statements
Last checked Aug 5, 1:41 AM
R · H37
Why they voted this way
The speaker added language to explicitly state that future transfers are subject to legislative appropriation to prevent automatic spending without review.
R · H22
Why they voted this way
The speaker opposes the amendment because he believes a savings account of this magnitude should be made inviolate and approved by voters via joint resolution.
R · H36
Why they voted this way
The speaker argues that creating a savings account now does not prevent making it inviolate in the future if the people decide to do so.
R · H44
Why they voted this way
The speaker supports the bill as a method to avoid implementing an income tax in Wyoming.
R · H29
Why they voted this way
The speaker opposes the amendment because he believes the concept requires more thorough committee review and discussion rather than a last-minute third reading.
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Wyoming roll calls
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Official activity
Changes
2 stored
The amendment creates a new income tax prevention account, establishes rules for its administration and investment, and requires annual reports on the account's performance.
The amendment creates a new income tax prevention account, establishes rules for its administration and investment, and requires annual reports on the account's performance.