S2273-119

What This Bill Does

Modernizes the Wyoming education land trust statute by replacing older references to interest or income from public-land proceeds with earnings on the trust, clarifying how Wyoming education trust revenues are described.

Who Benefits and How

Wyoming public schools and education beneficiaries benefit from cleaner statutory language governing the earnings generated by the state's education trust. Wyoming trust managers benefit because the bill updates references from interest or income to earnings, a broader accounting term that can better match modern trust investment practice. State education finance officials benefit from clearer federal statutory language when reporting or administering trust distributions.

Who Bears the Burden and How

Federal and Wyoming legal staff must update references and apply the revised wording in the Act of July 10, 1890. There is no direct new spending, grant, or land transfer in the text, so taxpayers and land users face little immediate burden beyond administrative interpretation. Stakeholders expecting a substantive change to trust investment policy may find the bill mainly technical.

Key Provisions

• Amends section 5 of the 1890 Wyoming public-land education statute.
• Amends section 7 of the same statute.
• Amends section 8 of the same statute.
• Replaces interest of or income thereof wording with earnings on wording.
• Modernizes education trust revenue terminology without creating a new program or appropriation.