What This Bill Does · Plain English
Summary · Congress.gov
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.
Frequently Asked Questions
Did S.2273 pass?
S.2273 is still alive. Current stage: REPORTED. Pass likelihood: pending.
What does S.2273 do?
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.
Who sponsored S.2273?
S.2273 was sponsored by Cynthia M. Lummis (R-Wyoming).
Full Bill Text
Full text not yet indexed for this bill. Check Congress.gov for the official text.
Loading intelligence layer…