SF0028

Creates a University of Wyoming Reserve Officers' Training Corps endowment fund with accounts for distributing investment earnings to support ROTC programs.

• Establishes the University of Wyoming Reserve Officers' Training Corps endowment fund and an income account. The State Treasurer distributes annual investment earnings to the income account, which the University may spend up to 100% of the prior fiscal year's earnings. (W.S. 21-16-2001(a)-(b), W.S. 9-4-204(u)(x))
• Requires unexpended funds remaining in the income account on June 30 each fiscal year to be credited back to the endowment fund within 90 days. (W.S. 21-16-2001(d))
• Requires the University of Wyoming board of trustees to disburse all available income account funds to ROTC programs without delay and prohibits the board from reducing the ROTC budget based on endowment distributions. (W.S. 21-16-2001(e)(i)-(iii))
• Requires the University board to report annually by December 1 to the joint transportation, highways and military affairs interim committee and joint appropriations committee on ROTC program budgets and endowment implementation. (W.S. 21-16-2001(e)(iv))
• Specifies that endowment funds must be used for academic military programs, tactical training, instructional materials, student and faculty recruitment and retention, and financial aid for ROTC students. (W.S. 21-16-2002(a)(i)-(vi))
• Requires ROTC programs to submit annual reports by October 1 starting in 2026 to the governor, joint appropriations committee, and joint transportation, highways and military affairs interim committee detailing investment earnings, expenditures by purpose, and faculty positions funded. (W.S. 21-16-2003(a))
• Classifies the University of Wyoming Reserve Officers' Training Corps endowment fund as a permanent fund and permits investment of endowment principal in the same manner as other state permanent funds. (W.S. 9-4-204(u)(x), W.S. 9-4-714(a)(v))

Effective: July 1, 2025

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