This joint resolution requests that Congress amend Wyoming's Act of Admission to allow for the expenditure of earnings from the common school fund for the support of public schools in the state. The resolution highlights the historical context of the Act of Admission, which granted Wyoming land for educational purposes and established a permanent school fund, specifying that only the "interest" from this fund could be used for school support. The resolution proposes to replace references to "interest" and "income" with "earnings" to better reflect the current investment strategy of the common school account, which has grown significantly and generates additional earnings beyond just interest.

Additionally, the resolution seeks to amend the leasing authority for state school lands, allowing for leases under state law rather than being limited to a maximum term of ten years for agricultural and grazing leases. This change aims to secure better long-term financial returns from these leases. The specific amendments proposed include striking the term "interest" in sections 5 and 7 of the Act of Admission and replacing it with "earnings," as well as making similar changes in section 8 regarding university purposes. The resolution calls for the Wyoming congressional delegation to introduce this legislation to facilitate these changes.