The bill modifies the Wyoming's Tomorrow scholarship program by introducing a preference for students enrolled in credential programs approved by the Wyoming Community College Commission under the Wyoming Works program, as well as for those in teacher preparation courses. Additionally, it updates the calculation method for the average market value of the scholarship endowment fund, changing the fiscal year references from 2023 to 2024 and adjusting the subsequent years accordingly. The bill also specifies that the calculation will be based on the first business day of each fiscal year.

Furthermore, the bill includes provisions for the transfer and appropriation of funds, allocating $75 million from the general fund to the Wyoming's Tomorrow scholarship endowment fund and an additional $5 million, contingent upon matching private funds. It also mandates the transfer of $15 million to the Wyoming Works program account and $5 million to the Wyoming Works student grant account, both effective July 1, 2023. The overall aim of the bill is to enhance support for students pursuing critical workforce skills and education in Wyoming.

Statutes affected:
Introduced: 21-16-1902, 21-16-1905