Summary
Wyoming Education Trust Modernization Act
This bill provides Wyoming with more flexibility to invest the principal of its permanent school fund by allowing the state to use earnings generated from investment of the fund rather than only interest.
By way of background, Congress created the fund when Wyoming became a state by granting certain federal lands to be held in a trust for the state. Proceeds from school trust land sales, exchanges, or disposals are deposited into the fund to support public schools.
Legislative Journey
Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.
SenateCommittee on Energy and Natural Resources Subcommittee on Public Lands, Forests, and Mining. Hearings held.
SenateRead twice and referred to the Committee on Energy and Natural Resources.
SenateIntroduced in Senate