Wyoming rural health transformation perpetuity fund; investment; distributions.
Wyo. Stat. Ann. § 35-25-704
in effect(a) There is created the Wyoming rural health transformation perpetuity fund. The perpetuity fund shall consist of monies designated to the fund by law and other contributions, grants, gifts, bequests and donations made to the fund.
(b) The state treasurer, or the treasurer's designee, who shall be registered under the Investment Advisor's Act of 1940, as amended, if required to be registered by the terms of that act, as amended, shall invest the unobligated, unencumbered balance of the Wyoming rural health transformation perpetuity fund as authorized by law. Investments of the perpetuity fund shall be in accordance with subsection (c) of this section, if effective, and W.S. 9-4-715(a) and (c) through (e) and 9-4-716. All investment earnings shall be deposited to the perpetuity fund. In adopting investment policy statements for the perpetuity fund, the state loan and investment board, in consultation with the investment funds committee, shall seek to preserve the balance of the fund in a manner that strives for the highest possible risk-adjusted total net return consistent with an appropriate level of safety and liquidity to maintain a consistent annual required distribution.
(c) If this article is enacted by the legislature pursuant to the voting requirements of article 16, section 6(a)(ii)(B) of the Wyoming constitution, the state treasurer may invest the unobligated, unencumbered balance of the perpetuity fund in equities, including stocks of corporations.
(d) All monies deposited to the perpetuity fund, including investment earnings, shall be expended only for the allowable perpetuity fund expenditures authorized under the Wyoming rural health transformation program and in accordance with the terms and conditions under which the monies are received. Rural health transformation funds, and investment earnings thereon, expended in violation of the terms and conditions under which the monies are received shall be returned by the state to the federal source from which the monies originated.
(e) Each one million dollars ($1,000,000.00) of principal deposited to the perpetuity fund shall be allocated to one (1) purpose-dedicated share by the department, or fractional value thereof if a deposit is less than one million dollars ($1,000,000.00).
(f) The annual required distribution is continuously appropriated to the Wyoming rural health transformation expenditure account, which is hereby created. The state treasurer shall annually credit the annual required distribution to the expenditure account not later than September 30 of each year. Monies in the expenditure account shall only be expended by the department for allowable perpetuity fund expenditures under W.S. 35-25-706, the Wyoming rural health transformation plan and all other requirements and limitations specified in this article. Any unexpended, unobligated funds remaining from an annual required distribution, after a reasonable period for expenditure for which the funds were continuously appropriated, as recommended by the advisory committee and determined by the department, shall revert to the Wyoming rural health transformation perpetuity fund.
(g) Subject to W.S. 35-25-706(a), the total amount of the annual required distribution expended on each allowable perpetuity fund expenditure shall reasonably reflect the total number of purpose-dedicated shares initially allocated to that expenditure, divided by the total number of all purpose-dedicated shares in the perpetuity fund.
Source: WY Statutes (Official Site)URL: https://wyoleg.gov/statutes/compress/title35.pdfFetched: 10/4/2026