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House Appropriations approves changes to wildlife and cultural trust fund investment and spending rules
Summary
The House Appropriations Committee voted to pass Senate File 70, which would remove statutory "inviolate" restrictions on two Wyoming trust funds and create spending policies designed to inflation‑proof the accounts and increase long‑term returns.
The House Appropriations Committee on a roll‑call vote moved Senate File 70 forward, a measure that would change how the Wildlife Natural Resource Trust Fund and the Cultural Resources Trust Fund are invested and spent.
Senator Hicks, the bill bringer, told the committee the proposal removes statuory "inviolate" language that limits how the treasurer’s investment staff can manage the funds, establishes formal spending policies for the two accounts and redirects excess investment earnings back into each fund’s corpus to help inflation‑proof the balances. "The big thing is inflation proof the account, provide higher rate of returns and then provide a steady flow of money for the boards and commissions," he said.
The bill would eliminate a statutory requirement that the funds be invested in the state’s short‑term pool (referred to in testimony as "pool A"), allowing a different asset allocation intended to improve returns. Senator Hicks and other…
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