HJ0001

Bill Summary - 25LSO-0127 Bill No.: HJ0001 Effective: Immediately LSO No.: 25LSO-0127 Enrolled Act No.: HEJR No. 0001 Chapter No.: N/A Prime Sponsor: Select Committee on Capital Financing & Investments Catch Title: Amending Wyoming's act of admission for earnings. Has Report: No Subject: Proposing an amendment to the Act of Admission concerning the investment of permanent funds. Summary/Major Elements: The Act of Admission is a federal law enshrining Wyoming's admission to the United States and provides requirements for lands granted to Wyoming, and earnings derived from those lands, as part of its admission to statehood. Certain lands and earnings are required to be expended only for public-school purposes. This resolution would request the United States Congress to amend the Act of Admission to clarify that, instead of just income and interest, all earnings from inviolate school funds (those derived from the sale of state school lands) may be expended in support of Wyoming's public schools. The resolution includes proposed amendment language for the Act of Admission for Congress to consider. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.