Wyoming Creation of Common School Separate Earnings Fund Amendment (2022)

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Wyoming Creation of Common School Separate Earnings Fund Amendment
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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

See also: Article 7, Wyoming Constitution and Article 18, Wyoming Constitution

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]

Vote in the Wyoming House of Representatives
February 24, 2022
Requirement: Two-thirds (66.67 percent) vote of all members in each chamber
Number of yes votes required: 40  Approveda
YesNoNot voting
Total45141
Total percent75.00%23.33%1.67%
Democrat700
Republican36141
Libertarian100
Independent100

See also

  • 2022 ballot measures
  • State and local government budgets, spending and finance on the ballot on the ballot

External links

Footnotes