Bill > HJ0006

This Joint Resolution proposes to amend the Wyoming Constitution to modernize the management of the common school account, which is part of the state's permanent land fund established with federal land grants for public schools. Key provisions include requiring that all "earnings" from this account, which encompasses not just income and interest but also investment gains, be transferred to a separate "earnings fund." This separate fund will then be used for public school purposes as specified by law, and any unspent earnings will either remain in this fund or be added back to the permanent school fund. Crucially, the resolution mandates that the legislature must establish a mechanism to compensate the common school account for any investment losses, ensuring the principal of the fund remains intact for future generations.