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Wyoming converts wildlife and cultural trust funds to quasi‑endowments with fixed spending rates
Summary
Senate File 70, enacted by the Legislature, moves the Wyoming Wildlife and Natural Resource Trust and the Wyoming Cultural Trust Fund to a quasi‑endowment model with fixed annual transfers, 4% and 3% respectively, and requires investment as endowments; treasurer's office and the programs said they are preparing to implement the change.
CHEYENNE — The Select Committee on Capital Financing & Investments reviewed how Wyoming will implement Senate File 70, a law that converts two statutorily created trust funds — the Wyoming Wildlife and Natural Resource Trust Fund and the Wyoming Cultural Trust Fund — into quasi‑endowments with fixed annual spending transfers.
Under the law, each trust fund’s corpus is no longer treated as entirely inviolate for spending decisions. Instead, the statute directs a fixed annual transfer to an income account that will be used for grants and program spending: 4% (wildlife) and 3% (cultural) of the five‑year rolling average market value, with excess earnings directed back into the trust corpus to inflation‑proof the fund.
Treasurer’s office staff said the…
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