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Wyoming Creation of Common School Separate Earnings Fund Amendment (2022)
| Wyoming Creation of Common School Separate Earnings Fund Amendment | |
|---|---|
 | |
| Election date November 8, 2022 | |
| Topic State and local government budgets, spending and finance | |
| Status Not on the ballot | |
| Type Constitutional amendment | Origin State legislature |
The Wyoming Creation of Common School Separate Earnings Fund Amendment was not on the ballot in Wyoming as a legislatively referred constitutional amendment on November 8, 2022.[1]
This amendment would have created a separate earnings fund for earnings from the school account of the permanent land fund, known as the common school fund. It would have required all unrealized or realized earnings from the common school fund to be credited or deposited in the separate earnings fund at least once per year.[1]
The amendment would have allowed the legislature to distribute or invest the money in the earnings fund in accordance with limitations in the constitution and statute. The constitution requires that earnings from the common school fund be equitably distributed to all school districts in the state.[1]
Going into 2022, the constitution required any earnings of the common school fund not distributed during the year to be deposited into the common school fund. The legislature is allowed to appropriate only the earnings of the common school fund.[1]
This amendment would also have required the legislature to provide a process for supplying school fund investment losses.[1]
Text of the measure
Constitutional changes
The measure would have amended sections 2, 6, 7, 8, and 9 of Article 7 and section 6 of Article I8 of the state constitution. The full text of the amendment is available here.
Path to the ballot
- See also: Amending the Wyoming Constitution
To put a legislatively referred constitutional amendment before voters, a two-thirds (66.67%) vote is required in both the Wyoming State Senate and the Wyoming House of Representatives.
On February 24, 2022, the state House approved House Joint Resolution 6 proposing this amendment by a vote of 45-14, with one excused. The bill was not passed in the Senate before the state legislature adjourned its 2022 legislative session.[1]
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See also
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External links
Footnotes
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State of Wyoming Cheyenne (capital) |
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