§ 9-2-2304 — Wyoming cultural trust fund established; income account established; investment by state treasurer

Wyoming § 9-2-2304

• Jurisdiction: Wyoming
• Title 09: Administration of the Government
• Ch. 2: AGENCIES, BOARDS, COMMISSIONS AND DEPARTMENTS
• Art. 23: WYOMING CULTURAL TRUST FUND

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(a) The Wyoming cultural trust fund is created. The
Wyoming cultural trust fund shall consist of those funds
designated to the fund by law and all monies collected from
federal grants and other contributions, grants, gifts, bequests
and donations to the cultural trust fund. The Wyoming cultural
trust fund income account is also hereby created. The income
account shall consist of those funds credited to the income
account pursuant to W.S. 9-2-2307(c) and all other monies
collected from federal grants and other contributions, grants,
gifts, bequests and donations specifically designated to the
income account.
(b) The monies deposited into the Wyoming cultural trust
fund and income account established pursuant to this section
shall be transmitted to the state treasurer for credit to the
trust fund or income account as required by this article. Any
earnings from investment of the trust fund and income account
shall be credited by the state treasurer to the trust fund and
distributed in accordance with this article. The state
treasurer, or his 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, may invest the
unobligated, unencumbered balance of the trust fund in equities,
including stocks of corporations. Investments under this
subsection shall be in accordance with W.S. 9-4-715(a) and (c)
through (e) and 9-4-716. In adopting investment policy
statements for the Wyoming cultural trust fund, the state loan
and investment board, in consultation with the investment funds
committee, shall seek to preserve the balance of the trust fund
in a manner that strives for the highest possible risk-adjusted
total net return consistent with an appropriate level of safety
and liquidity.