Investment modernization-state nonpermanent funds-2.

This bill modernizes how Wyoming manages certain state funds by removing their "inviolable" status (permanent protection) to allow more flexible investment strategies. It establishes a 3% annual spending limit for the Wyoming Cultural Trust Fund, calculated using a 5-year average of the fund's market value, and redirects investment earnings back into the fund's corpus instead of separate accounts. These changes affect the state treasurer's investment of funds like the Wyoming Cultural Trust Fund, which supports grants to arts, historical, and cultural organizations. The bill aims to improve investment returns while maintaining the fund's purpose of preserving Wyoming's cultural heritage.