H.R. 4328 — Wyoming Education Trust Modernization Act

This section revises sections 5, 7, and 8 of the Act of July 10, 1890 (ch. 667, 26 Stat. 222)—which granted over 1 million acres of public lands to Wyoming to establish a permanent common school fund invested for the support of public education—by replacing references to the "interest of" or "income thereof" such funds with "earnings on" or "earnings on which." (1) In section 5, first sentence, it strikes "interest of" and inserts "earnings on"; (2) in section 7, it strikes "interest of" and inserts "earnings on"; and (3) in section 8, first sentence, it strikes "income thereof" and inserts "earnings on which." (Thus, broadening permissible distributions from Wyoming's school land grant permanent fund to include total investment returns rather than solely interest or traditional income.)