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Wyoming Education Trust Modernization Act

Bill Number
S. 2273
Origin Chamber
Senate
Congress
119th Congress, Session 1
Policy Area
Public Lands and Natural Resources
Status
Introduced
Latest Action
2025-12-17: Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.
Last Updated
2026-03-24T12:48:03Z

AI-Generated Summary

Purpose

The Wyoming Education Trust Modernization Act (S. 2273) aims to update outdated language in the Act of July 10, 1890, which governs the disposal of public lands in Wyoming for educational purposes. The goal is to modernize terminology related to financial earnings from these lands or related funds, making the provisions clearer and more contemporary while preserving the original intent of supporting education.

Key Provisions

These changes focus on standardizing references to financial returns (like interest or income) from invested funds derived from public land sales or grants.

Significant Changes to Existing Law

The 1890 Act originally granted public lands to Wyoming upon statehood to create a permanent fund for education, with proceeds managed to generate income for schools. This bill introduces minor but precise wording updates to replace archaic terms ("interest of" and "income thereof") with "earnings on," which better reflects modern financial language. These tweaks do not alter the core structure or obligations but clarify how earnings are described and potentially handled, reducing ambiguity in legal interpretations.

Potential Impacts

Main Stakeholders Affected

Notable Legal, Constitutional, or Political Implications

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Sen. Lummis, Cynthia M. [R-WY]

Cosponsors (1)

Sen. Barrasso, John [R-WY]

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