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. It mandates that the state treasurer distribute investment earnings from the endowment fund to this income account for use in various ROTC-related expenditures, such as academic programs, tactical training, recruitment, and financial aid for students. The bill also requires the University of Wyoming's board of trustees to ensure timely disbursement of these funds and to report annually on the budget and expenditures related to the ROTC programs.

Additionally, the bill amends existing laws to include the University of Wyoming ROTC Endowment Fund as a permanent fund, allowing it to be invested similarly to other state permanent funds. The earnings from this fund will be subject to specific regulations outlined in the new sections created by the bill. The act is set to take effect on July 1, 2025.

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