(a) As used in this act:

(i) 'Alternative investments' means investments in nontraditional asset classes or in traditional asset classes which are utilized in a nontraditional strategy;

(ii) 'Asset classes' means categories of securities with similar characteristics and properties, such as cash equivalents, stocks, bonds and real estate;

(iii) 'Board' means the state loan and investment board;

(iv) 'Fund' means as defined by W.S. 9-4-203(a)(vii);

(v) 'Permanent funds' means the permanent Wyoming mineral trust fund under W.S. 9-4-204(u)(iii), the Wyoming permanent land fund under W.S. 9-4-204(u)(iv), the excellence in higher education endowment fund under W.S. 9-4-204(u)(vi), the Hathaway student scholarship endowment fund under W.S. 9-4-204(u)(vii), the Hathaway expand Wyoming scholarship endowment fund under W.S. 9-4-204(u)(viii) and the Wyoming's tomorrow scholarship endowment fund under W.S. 9-4-204(u)(ix);

(vi) 'Committee' means the investment funds committee created by W.S. 9-4-720;

(vii) 'Designated chief investment officer' means the employee retained pursuant to W.S. 9-4-715(a);

(viii) 'This act' means W.S. 9-4-714 through 9-4-722.