Bill > HJ0005

This Joint Resolution proposes to amend the Wyoming Constitution to modernize the Permanent Wyoming Mineral Trust Fund, which is a fund holding public money for the benefit of current and future generations, derived from an excise tax on minerals like coal and petroleum. The key provisions include requiring that all earnings from the fund's investments, including both realized and unrealized gains, be transferred to a separate earnings fund, which the Legislature can then invest, hold, or distribute. Additionally, the resolution mandates that the Legislature must establish a way to compensate the main fund, known as the corpus, for any losses incurred from investments or loans made to political subdivisions of the state, ensuring the principal amount remains intact.