Wyoming Education Trust Modernization Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Overview
This bill changes how Wyoming can use money from its permanent school fund, which is created from federal land sales. Currently, the state could only use interest earned on the fund. This legislation allows Wyoming to use earnings generated from investments made with the fund’s principal, providing greater flexibility in managing the funds for public education. It updates language in existing legislation to reflect this change.
Key provisions
- Allows Wyoming to use investment earnings instead of just interest from the Education Trust Fund.
- Modifies section 5 of the 1890 Act to specify ‘earnings’ instead of ‘interest’.
- Modifies section 7 of the 1890 Act to specify ‘earnings’ instead of ‘interest’.
- Modifies section 8 of the 1890 Act to specify ‘earnings’ instead of ‘income’.
Who is affected
- Wyoming State Government
- Wyoming Public Schools
- Federal Land Management Agencies
Notable changes
- Changes the language used to describe the source of funds for the Education Trust Fund from ‘interest’ to ‘earnings’.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
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