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Senate adds rider to generational investment account bill to limit transfers from rainy day fund
Summary
Senate File 197's amendment adds graduated transfer thresholds from the Legislative Stabilization Reserve Account (LSRA) to a proposed generational investment account, delays the effective date to July 1, 2026, and makes transfers contingent on other statutory obligations being met. Sponsors said the changes put "sideboards"
Cheyenne — The Wyoming Senate approved a second‑reading amendment to Senate File 197 that modifies planned transfers from the Legislative Stabilization Reserve Account (LSRA) to a proposed Wyoming Generational Investment Account.
Senator Hicks, who moved the amendment, said it adds a rider to the original transfer language and establishes graduated transfer amounts tied to the LSRA balance. Under the amendment, the $100 million transfer contemplated by the original bill would occur only if the LSRA balance exceeds specified thresholds; lower balances would trigger smaller transfers. The amendment also sets an operative effective date of July 1, 2026, to allow more time for budget review during the biennial process.
"This is something that your capital finance committee has looked at over the last two years... Devil's in the details," Hicks told senators on the floor, explaining the graduated transfer schedule and the requirement that the LSRA's other obligations be satisfied before any transfer.
Senator Driscoll described the amendment as a healthy addition that made the bill more disciplined. Other senators agreed the amendment provided necessary guardrails to avoid drawing down the state's rainy day account.
The amendment was adopted on second reading, and the bill was ordered read a third time.
Why this matters: The generational investment account would move public funds into a long‑term investment structure. The amendment limits transfers to avoid weakening the state's rainy day account and delays implementation to allow further review.
What's next: With the amendment adopted, the bill proceeded to third reading.
