Invest in Wyoming act.

HB 295, the "Invest in Wyoming Act," requires the state treasurer to contract with Wyoming-based investment managers for a portion of state funds. It mandates that at least 3% but no more than 5% of eligible state funds be managed by qualifying Wyoming investment firms, which must maintain a physical office in Wyoming, employ certified professionals, and provide audited financial records. The bill directly affects the state treasurer's office (which must implement the program) and Wyoming investment firms (which must meet new licensing, location, and reporting requirements to qualify). Key provisions include quarterly performance reports to the state and limits on how much state funds any single firm can manage (capped at 10% of the firm's total assets). The law aims to redirect state investment capital toward local firms to support economic diversification and fiscal stability.