Wyoming statehood law would swap "interest" for "earnings" in school land fund rules
Passed one chamberS. 2273Latest action
Sponsor: Cynthia M. Lummis · Senator · WY
AIDecoded by AI · checked against the recordRead the official text
Official title: Wyoming Education Trust Modernization Act
119th Congress
Topics: Environment & energy
Introduced:
Read the official bill on Congress.govIn plain words
The plain-language version comes first. The official text is always the reference.
The bill would change "interest" and "income" to "earnings" in three places in Wyoming's 1890 statehood law on its school land fund.
50-second read · 4 questions answered below
What does this do?
The bill makes a small wording change to the 1890 law that made Wyoming a state. In three places, it replaces "interest" and "income" with the broader word "earnings." The law covers a permanent fund built from money Wyoming gets when it sells or leases federal land granted for schools and other public institutions.
Who does it affect?
Wyoming's public schools and the state officials who manage the land trust fund would be most affected. Students, teachers, and taxpayers in Wyoming could be affected indirectly, while residents of other states would see little direct effect.
Why does it matter?
Under the old wording, only the "interest" from the fund could be spent. The new word would make clear that returns such as stock gains and dividends count too, which would likely give the state more flexibility in how it invests the fund and what it can spend. The exact financial impact would depend on how Wyoming manages and spends the fund afterward.
AI-drafted summary. Check it against the official text before you act on it.
Based on the “Engrossed in Senate” text of Sep 30, 2026.
Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedJul 14, 2025
- Senate committee
- Senate vote
- HouseYou are here · Oct 5, 2026
- The president's desk
Right now: it passed the Senate and now goes to the House. If the House changes it, it goes back to the Senate before reaching the president.
Latest action: — Held at the desk.