The bill establishes the University of Wyoming Reserve Officers' Training Corps (ROTC) Endowment Fund, which includes the creation of an income account specifically for the ROTC programs at the University of Wyoming. The state treasurer is tasked with distributing investment earnings from the endowment fund to this income account, allowing the ROTC programs to expend up to 100% of the prior fiscal year's earnings. Additionally, any unexpended funds in the income account at the end of the fiscal year will be credited back to the endowment fund. The University of Wyoming's board of trustees is required to ensure timely disbursement of these funds and to report annually on the budget and expenditures related to the ROTC programs.

The bill also includes amendments to existing laws, specifically adding a new paragraph to define the ROTC endowment fund and its investment parameters. It specifies that the fund will consist of appropriated funds and gifts, and that the earnings from these investments will be distributed according to the provisions outlined in the new sections created by this bill. The effective date for the implementation of this act is set for July 1, 2025.

Statutes affected:
Introduced: 9-4-204, 9-4-714