This joint resolution requests that Congress amend Wyoming's Act of Admission to allow for the expenditure of earnings from the common school fund and to enhance the authority for leasing state school lands. The resolution highlights that the current Act specifies that only the "interest" and "income" from the permanent school fund can be used for supporting common schools, which the resolution proposes to change to "earnings." This change aims to better reflect the actual financial returns generated from investments in the common school account, which has grown significantly over the years.

The resolution also seeks to modify the leasing provisions for granted school lands, allowing the state to lease these lands under state law rather than being restricted to a maximum term of ten years for agricultural and grazing leases. The proposed amendments include striking references to "interest" in sections 5 and 7 and replacing them with "earnings," as well as making similar changes in section 8 regarding university purposes. By doing so, the resolution aims to secure greater long-term financial returns from leases and ensure that the funds generated are more effectively utilized for the benefit of Wyoming's public schools.