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Senate committee advances resolution asking Congress to allow schools to use ‘earnings’ from permanent fund
Summary
The Wyoming Senate advanced a joint resolution asking Congress to amend the state's 1890 act of admission so that distributions from the Common School Permanent Fund may be based on “earnings” rather than the narrower term “interest.”
The Wyoming Senate, sitting as the Committee of the Whole on Feb. 18, approved House Joint Resolution 1, a joint resolution asking Congress to introduce legislation amending Wyoming’s 1890 act of admission to replace the word “interest” with “earnings” in the sections that govern returns from the Common School Permanent Fund.
Senator Philip Driscoll, who explained the resolution on the floor, said the change would modernize archaic language and…
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