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Wyoming Game and Fish Commission votes to pursue authority to invest funds in alternative investment pool

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CASPER, Wyo. — The Wyoming Game and Fish Commission on Tuesday, January 4 unanimously voted in favor of pursuing the authority to invest commission funds into an alternative state-run investment pool.

The Wyoming Game and Fish Department said that the commission’s unanimous vote directs the department to work with the the Wyoming Legislature’s Joint Appropriations Committee on drafting legislation that would give the commission the authority to invest operating funds in an investment pool that would be managed by the state treasurer. That investment pool would be known as “Pool A.”

Game and Fish said that the proposed investment pool “has the potential for much higher interest yields that would generate increased revenue for on-the-ground conservation projects.”

The department said that the Wyoming Game and Fish Commission’s budget is largely made up of revenue generated through the sale of hunting and fishing licenses along with grants and federal excise taxes. Game and Fish noted that the department receives no funding through the state’s general fund.

Game and Fish Director Brian Nesvik said in the department’s release that the proposed alternative investment pool would add flexibility for the commission.

“If a bill were to be introduced and passed, it could give the Commission more flexibility to make decisions on their investments,” Nesvik said. “There is no immediate transfer of funds proposed.”

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