S. 2273: Wyoming Education Trust Modernization Act

This bill, known as the Wyoming Education Trust Modernization Act, proposes amendments to a law originally passed in 1890 regarding the management of public land in Wyoming for educational purposes.

Key Provisions of the Bill

• Modification of Terminology: The bill focuses on changing the terminology used in the original 1890 Act. It substitutes the term interest of with earnings on in several sections of the Act. This includes:
  • Section 5
  • Section 7
  • Section 8
• Financial Clarity: By using the term earnings on instead of interest of, the bill aims to provide clearer financial reporting and expectations regarding the income generated from the management of public lands dedicated for educational purposes.
• Broader Educational Support: The changes indicate an intention to modernize the financial frameworks that support educational funding in Wyoming through the management of land resources.

Intended Effects

• The bill seeks to enhance the financial management and transparency of public land resources that are allocated for educational use.
• It aims to ensure that the earnings generated from these lands are more accurately portrayed, potentially increasing the financial resources available for education in Wyoming.

Relevant Companies