Title 21, Title 21 — Education

Leasing of real property. (a) At the request of the school facilities commission, any school district shall lease any land, building, or fixture from the nonprofit corporation approved by the state building commission pursuant to 1997 Wyoming session laws, chapter 94, section 3, …

School facilities commission; membership; conflict of interest; terms; chairman; meetings; compensation. (a) The school facilities commission is established to consist of eight (8) members comprised of the state superintendent of public instruction, who shall serve in an ex-offic…

School facilities commission powers and duties. (a) The school facilities commission shall: (i) Repealed By Laws 2011, Ch. 2, § 3. (ii) Adopt policies, guidelines and standards for any assessment of school buildings and facilities under W.S. 21-15- 117; (iii) Adopt policies, guid…

Statewide standards for school building and facility adequacy. (a) The commission shall by rule and regulation establish and maintain uniform statewide standards for the adequacy of school buildings and facilities necessary for providing educational programs prescribed by law for…

School district facility plans; development, review and approval; plan criteria; administrative review; collaborative committee process. (a) In accordance with rules and regulations of the commission, long range comprehensive school building and facility plans for each school dis…

Annual evaluation of school buildings and facilities; remediation schedules; needs prioritization; combining facilities; implementation of remedy. (a) The commission shall annually evaluate the adequacy of school buildings and facilities and prioritize school building and facilit…

Building and facility construction and renovation projects. (a) Upon determination by the commission following review under W.S. 21-15-117, and appropriation by the legislature in accordance with W.S. 21-15-119, the department shall proceed with projects as follows: (i) Repealed …

Commission budget and funding recommendations. (a) Notwithstanding W.S. 9-2-1012, the commission shall annually, not later than September 1, develop and submit a recommended budget for projects and school capital construction financing to the governor, through the state budget de…

Emergency facility needs. (a) The commission shall promulgate rules under which an emergency shall be determined to exist with respect to the adequacy of the school buildings and facilities of any school district such that the ability of the district to provide educational progra…

Annual school building status report to select committee on school facilities. (a) Not later than September 1 of each year, the commission shall submit a report to the select committee on school facilities on progress being made under the school capital facilities system establis…

State construction department; duties and authority relating to school facilities. (a) Repealed by Laws 2016, ch. 105, § 4. (b) Repealed by Laws 2016, ch. 105, § 4. (c) Repealed by Laws 2016, ch. 105, § 4. (d) Repealed by Laws 2016, ch. 105, § 4. (e) The director of the state con…

Ratification. The legislature of the state of Wyoming hereby approves, ratifies and adopts the "Western Regional Higher Education Compact", approved by the western governors conference meeting at Denver, Colorado on November 10, 1950, which compact is as follows: Article I Wherea…

When binding; notice of ratification; power of governor to appoint commissioners; powers of commissioners generally; appropriation of monies. (a) The compact shall become operative and binding at the time provided, and in accordance with article X of the compact. The governor of …

Generally. The Interstate Compact for Education is hereby enacted into law and entered into by this state with all states legally joining herein in the form substantially as follows: COMPACT FOR EDUCATION Article I (a) It is the purpose of this compact to: (i) Establish and maint…

Filing copies of commission's reports and bylaws. The report required under article III(k) of W.S. 21-16-301 shall be filed with the governor and the joint education interim committee of the legislature. Pursuant to article III(j) of the compact, the commission shall file a copy …

Short title. This article may be cited as the "Wyoming Higher Education Assistance Authority Act."

Definitions. (a) As used in this article: (i) "Authority" means the Wyoming higher education assistance authority; (ii) "Board" means the board of directors of the authority; (iii) "College" means any accredited institution offering higher education; (iv) "Financial institution" …

Wyoming higher education assistance authority; creation; termination; board of directors; composition; compensation; meetings; surety bonds; personal liability; fiscal control. (a) The Wyoming higher education assistance authority is established as a body corporate to operate as …

Executive director; employment of additional personnel; compensation. (a) The board may appoint an executive director to serve as executive secretary to the board and as the chief executive officer of the authority. The executive director shall serve at the pleasure of the board …

Powers and duties generally; preference to state financial institutions. (a) For the purposes of this article, the authority may: (i) Sue and be sued and procure necessary liability insurance; (ii) Have a seal; (iii) Make and execute contracts and other instruments; (iv) Adopt ru…

Revenue obligations; issuance. (a) Subject to W.S. 21-16-707, the authority may issue bonds in principal amounts it deems necessary to provide sufficient funds for achieving any of its purposes, including the payment of interest and the establishment of reserves. All obligations …

Revenue obligations; amount authorized. The authority may issue at one time or from time to time, and subject to the express approval of the governor after a public hearing following reasonable public notice, revenue obligations in an aggregate amount outstanding at any one time …

Revenue obligations; security. (a) In any resolution authorizing the issuance of obligations, the authority shall pledge or assign as security therefor: (i) Payments received on student loans including principal, interest and penalties and other income rendered in connection with…

Debt service reserve funds; use of monies. (a) Unless otherwise provided in the resolution or indenture providing for the issuance of particular obligations, the monies held in or credited to any debt service reserve fund established under this section shall be used solely for: (…

Disposition of monies received. Monies received pursuant to this article, whether as proceeds from the sale of obligations or as revenues, receipts or income, shall be held as trust funds to be applied solely as provided in the proceedings under which the obligations are authoriz…

Notice of default; authority to pay unpaid balance of principal to financial institutions; financial institutions to deliver note to authority. (a) The authority shall establish and at all times maintain one (1) or more adequate reserve funds to provide for defaults on student lo…

Age discrimination prohibited; full legal capacity of minors. Any student qualifying for a loan under this article is not disqualified by reason of being a minor. For the purpose of applying for, receiving and repaying a loan, any student has full legal capacity to act and all th…

Information sharing. Colleges in this state shall furnish to the authority and to financial institutions information necessary to properly administer this article. Upon request, the authority may regularly furnish information on higher education student loan transactions to colle…

Investment of state funds in insured, guaranteed or other higher education loans. (a) Subject to approval of the governor and advice of the attorney general, the state treasurer may enter into standby commitment agreements for a commercially reasonable fee with the authority unde…

Exemptions from taxation; exceptions. The exercise of the powers granted by this article constitutes the performance of an essential governmental function. The authority shall not be required to pay any taxes levied by any municipality or political subdivision of the state upon i…

Obligations as legal investments. The obligations of the authority are legal investments which may be used as collateral for public funds of the state, insurance companies, financial institutions, savings and loan associations, investment companies, trustees and other fiduciaries…

State pledge not to impair rights and remedies of holders of obligations. The state pledges to the holders of any obligations issued under this article that the state will not limit or alter the rights vested in the authority to fulfill the terms of agreements made with the holde…

Investment and management of funds; audit. (a) In investing and managing its funds, the authority shall exercise the judgment and care which persons of prudence, discretion and intelligence would exercise under similar circumstances in managing the permanent disposition of their …

Assistance by state agencies. (a) Upon request of the authority, any state agency may temporarily assign to the authority officers and employees necessary to assist the authority in carrying out its functions and duties under this article. Assigned state officers and employees sh…

Annual report and budget. (a) The authority shall submit an annual report in the manner provided by W.S. 9-2-1014. (b) The authority shall submit its budget for review as provided by W.S. 9-2-1010 through 9-2-1014. (c) This section shall not impair or affect any pledge of special…

Conflicts of interest. (a) The authority shall not purchase from, sell to, borrow from, loan to, contract with or otherwise deal with any corporation, trust, association, partnership or other entity in which any director of the authority has a financial interest. (b) Subject to s…

Inspection of financial records. The director of the department of audit or his designee may at any time inspect and examine the books, financial accounts and financial records of the authority.

University of Wyoming endowment challenge program. The University of Wyoming endowment challenge program is created.

Definitions. (a) As used in this article: (i) "Challenge account" means the university endowment challenge account established under W.S. 21-16-903; (ii) "Permanent endowment funds managed by the University of Wyoming foundation" means the endowment funds that are invested by the…

University endowment challenge account. (a) The university endowment challenge account is created. (b) The state treasurer shall invest amounts deposited within the account in accordance with law, and all investment earnings shall be credited to the general fund. Notwithstanding …

Endowment challenge fund matching fund program; matching payments; agreements with university foundation; annual reports; reversions of appropriations; legislative oversight. (a) The state treasurer shall administer the matching fund program established under this section. The fo…

Definitions. (a) As used in this article: (i) "Challenge account" means the university athletics challenge account established under W.S. 21-16-1002; (ii) "Qualifying contribution" means a transfer of money or other property of a value of not less than twenty-five thousand dollar…

University athletics challenge account. (a) The university athletics challenge account is created. (b) The state treasurer shall invest amounts deposited within the account in accordance with law. All investment earnings shall be credited to the general fund. Notwithstanding W.S.…

Athletics challenge matching program; state treasurer to administer program account; matching payments; conditions; annual reports; reversion of appropriations. (a) The state treasurer shall administer the university athletics challenge account established under this article. The…

Wyoming community college endowment challenge program. The Wyoming community college endowment challenge program is created.

Definitions. (a) As used in this article: (i) "Challenge fund" means the community college endowment challenge fund created under this article; (ii) "Endowment gift" means an irrevocable gift or transfer to a Wyoming community college foundation of money or other property, whethe…