Wyoming SF197: Wyoming generational investment account-2.

What the bill says

An act relating to the investment of state funds; creating the Wyoming generational investment account; specifying the investment of funds in the account; specifying the disposition of investment earnings; providing for the accounting and administration of the account; requiring transfers of funds; requiring reports; making conforming amendments; and providing for an effective date.

From the introduced text:

AN ACT relating to the investment of state funds; creating the Wyoming generational investment account; specifying the investment of funds in the account; specifying the disposition of investment earnings; providing for the accounting and administration of the account; requiring transfers of funds; requiring reports; making conforming amendments; and providing for an effective date. Section 1. W.S. 9‐4‐227 is created to read: 9‐4‐227. Wyoming generational investment account. (a) There is created the Wyoming generational investment account. The account shall consist of all funds transferred or appropriated to the account by law. All monies deposited or transferred into the account are inviolate and constitute a permanent or perpetual trust fund, subject to the provisions for the withdrawal of funds provided by this section. (b) The state treasurer shall invest all funds within the Wyoming generational investment account in accordance with W.S. 9‐4‐715(a) and (c) through (e) and 9‐4‐716. W.S. 9‐4‐716(e) shall not apply to the account. The state treasurer, or the treasurer's designee, which shall be registered under the federal Investment Advisor's Act of 1940, as amended and if required to be registered by the terms of that act, may invest the unobligated, unencumbered balance of the account in equities, including stocks of corporations. The account shall be invested so that the overall risk profile of the account's investments shall not materially …

Read the full official text

Sponsors

• Larsen, Lloyd (R, H54)
• Larson, J.T. (R, H17)
• Driskill, Ogden (R, S01) · primary sponsor
• Landen, Bill (R, S27)
• Schuler, Wendy (R, S15)

Latest actions

1. February 28, 2025: H COW:H Did not consider for COW
2. February 21, 2025: H02 - Appropriations:Recommend Amend and Do Pass 4-3-0-0-0
3. February 21, 2025: H Placed on General File
4. February 13, 2025: H Received for Introduction
5. February 13, 2025: H Introduced and Referred to H02 - Appropriations
6. February 12, 2025: S 3rd Reading:Passed 29-1-1-0-0
7. February 11, 2025: S 2nd Reading:Passed
8. February 10, 2025: S COW:Passed
9. February 7, 2025: S02 - Appropriations:Recommend Amend and Do Pass 5-0-0-0-0
10. February 7, 2025: S Placed on General File

Votes

• S 3rd Reading:Passed 27-4-0-0-0 (February 21, 2025): 27 yea, 4 nay, passed
• S02 - Appropriations:Recommend Do Pass 5-0-0-0-0 (February 12, 2025): 5 yea, 0 nay, passed
• S06 - Travel:Recommend Amend and Do Pass 3-2-0-0-0 (February 7, 2025): 3 yea, 2 nay, passed

Common questions

What is SF197?

SF197 is a bill in the Wyoming Legislature (2025 General Session): Wyoming generational investment account-2.

What does SF197 do?

In its own words: An act relating to the investment of state funds; creating the Wyoming generational investment account; specifying the investment of funds in the account; specifying the disposition of investment earnings; providing for the accounting and administration of the account; requiring transfers of funds; requiring reports; making conforming amendments; and providing for an effective date.

What is the status of SF197?

Failed as of February 28, 2025. Latest action: H COW:H Did not consider for COW (February 28, 2025).

Who sponsored SF197?

Driskill, Ogden (R, S01), with 4 co-sponsors.

Where is the official record for SF197?

On the Wyoming Legislature website: https://wyoleg.gov/Legislation/2025/SF0197