The bill establishes the University of Wyoming Reserve Officers' Training Corps (ROTC) Endowment Fund, which includes the creation of an income account for the fund. The state treasurer is tasked with distributing investment earnings from the endowment fund to the income account for use in supporting the University of Wyoming's ROTC programs. The bill outlines specific authorized expenditures for these programs, including academic support, tactical training, recruitment, and financial aid for students. Additionally, it mandates that any unexpended funds in the income account at the end of the fiscal year be transferred back to the endowment fund.

Furthermore, the bill requires the University of Wyoming's ROTC programs to report annually on the investment and expenditure of funds from the endowment and income accounts, detailing how the funds are utilized. The bill also amends existing law to include the ROTC endowment fund as a permanent fund, ensuring that the funds are not expended but can be invested similarly to other state permanent funds. The act is set to take effect on July 1, 2025.

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