Wyoming Education Trust Modernization Act
This bill is stalled.
No action in 6 months. It may still move, but has lost momentum.
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.
Awaiting a vote in the Senate
A committee in the Senate has reviewed this senate bill and reported it to the full chamber for consideration.
Who introduced this
Cynthia Lummis
RepublicanU.S. Senator · WY
1 cosponsor — all Republican
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