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S 2273119th CongressIn Committee
Wyoming Education Trust Modernization Act
Introduced: Jul 14, 2025
Sponsor: Sen. Lummis, Cynthia M. [R-WY] (R-Wyoming)
Education
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Wyoming Education Trust Modernization Act updates language in an 1890 law that governs how public lands in Wyoming are disposed of for educational purposes. The bill makes technical changes to modernize terminology related to how funds from these land sales are managed, specifically replacing outdated terms like "interest of" and "income thereof" with the more contemporary term "earnings on." This modernization ensures the law reflects current financial practices while maintaining the original intent of supporting education in Wyoming through public land management.
Key Points
- 1Amends the Act of July 10, 1890, which originally established provisions for disposing of public lands in Wyoming for educational purposes
- 2Updates Section 5 by replacing "interest of" with "earnings on" in reference to how funds are managed
- 3Updates Section 7 with the same language change from "interest of" to "earnings on"
- 4Updates Section 8 by replacing "income thereof" with "earnings on which"
- 5Represents a technical modernization rather than a substantive policy change to the educational land trust system
Impact Areas
Wyoming Education System: The state's educational trust fund management will operate under modernized terminology that better reflects contemporary financial practicesState Land Management: Wyoming's administration of public lands designated for educational purposes will be governed by updated languageLegal and Financial Administration: State officials and financial managers will work with clearer, more current terminology when managing these trust funds
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