reglab/statecodes huggingface dataset:
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 7 - Wyoming Higher Education Assistance Authority › Section 21-16-702 - Definitions.

21-16-702. 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" means any banking corporation or institution engaged primarily in lending or investing funds and authorized to do business in the state;
(v) "Higher education" means any program, curriculum or combination of courses or subjects generally accepted as necessary to fulfill requirements for the attainment of a predetermined and identified educational, professional or vocational objective higher than graduation from high school;
(vi) "Obligations" means notes, warrants, bonds, temporary bonds and anticipation notes issued by the authority pursuant to this article;
(vii) "State" means the state of Wyoming;
(viii) "State agency" means any office or instrumentality of the state;
(ix) "Student" means:
(A) Any person who, while a resident of the state, applies to a financial institution for a student loan and who is enrolled in a college or whose application for enrollment has been accepted by a college;
(B) Any person who is enrolled in a college located within the state or whose application for enrollment has been accepted by a college located within the state;
(C) To the extent funding is available after taking into consideration the aggregate funding needs of students specified under subparagraphs (a)(ix)(A) and (B) of this section, any person who is enrolled in a college located outside of this state; or
(D) The parent or legal guardian of a student as defined under this paragraph.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 7 - Wyoming Higher Education Assistance Authority › Section 21-16-704 - Executive Director; Employment of Additional Personnel; Compensation.

21-16-704. 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 and shall receive a salary established by the board.
(b) Subject to approval of the board and in accordance with W.S. 21-16-720, the executive director shall determine the terms of employment, tenure, duties, working conditions, promotion and termination of other employees necessary to carry out the purposes and functions of the authority. Employees of the authority may be covered by and subject to the Wyoming Retirement Act, the State Employees and Officials Group Insurance Act and the Wyoming Deferred Compensation Act.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 7 - Wyoming Higher Education Assistance Authority › Section 21-16-706 - Revenue Obligations; Issuance.

21-16-706. 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 issued under this article are deemed to be negotiable instruments under the laws of the state unless expressly stated to the contrary on the face of the obligations.
(b) The principal of and interest and premium, if any, on the obligations shall be payable solely from the sources provided by this article for payment. The obligations of each issue shall be dated, shall bear interest at rates including variable rates, shall mature at times not to exceed twenty (20) years from their date, as determined by the authority, and may be made redeemable before maturity at the option of the authority, at a price and under terms and conditions as may be fixed by the authority prior to issuance of the obligations.
(c) The authority shall determine the form and the manner of execution of the obligations, including any interest coupons to be attached thereto, and shall fix the denomination of the obligations and the place of payment of principal and interest, which may be any financial institution or trust company within or without the state.
(d) The authority may sell the obligations in any manner, either at public or private sale and for a price as it may determine will best effectuate the purposes of this article. The authority may pay legal fees, expenses, premiums and commissions which it finds necessary or advantageous in connection with the issuance and sale.
(e) The authority may provide for the issuance of its obligations to refund any of its outstanding obligations, including payment of any redemption premium and any interest or premium accrued or to accrue to the earliest or subsequent date of redemption, purchase or maturity of the obligations. Refunding shall be accomplished in the manner prescribed by W.S. 16-5-101 through 16-5-119 to the extent not inconsistent with this article.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 7 - Wyoming Higher Education Assistance Authority › Section 21-16-707 - Revenue Obligations; Amount Authorized.

21-16-707. 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 not to exceed one hundred twenty-five million dollars ($125,000,000.00).
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 7 - Wyoming Higher Education Assistance Authority › Section 21-16-708 - Revenue Obligations; Security.

21-16-708. 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 student loans;
(ii) Proceeds of insurance, earnings and profits on investments of funds and from sales, purchases, endorsements of student loans and other contract rights;
(iii) Any funds, rights, proceeds of insurance or other benefits acquired pursuant to any federal law or contract to the extent not in conflict therewith;
(iv) Money recovered through the enforcement of any remedies or rights; and
(v) Any other funds or things of value becoming the property of the authority, which in the determination of the authority, may enhance the marketability of its revenue obligations.
(b) The holders of obligations shall not look to any general or other fund for payment of the obligations except the revenues pledged or assigned under subsection (a) of this section.
(c) Revenue obligations shall not constitute an indebtedness or a debt of the state within the meaning of any constitutional or statutory provision or limitation. The obligations shall not be considered or held to be general, special or limited obligations of the state but shall constitute the special obligations of the authority for which the state shall not pledge its full faith and credit for payment on the obligations.
(d) The resolution or trust indenture under which the revenue obligations are authorized and any other instrument may contain agreements and provisions for:
(i) The creation and maintenance of special funds from revenues; and
(ii) The rights and remedies available in the event of default.
(e) Each pledge, agreement or other instrument made for the benefit or security of any obligations of the authority is valid and binding from the time made. The revenues, receipts, monies and assets pledged are immediately subject to the lien of the pledge without delivery or further act. The lien is valid and binding against persons having claims of any kind against the authority whether or not the persons have actual notice of the lien. Neither the resolution nor the indenture or other instrument by which a pledge is created need be recorded or filed.
(f) Any resolution or trust indenture under which obligations of the authority are authorized may contain provisions for vesting in a trustee the properties, rights, powers and duties in trust as the authority determines.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 7 - Wyoming Higher Education Assistance Authority › Section 21-16-709 - Debt Service Reserve Funds; Use of Monies.

21-16-709. 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:
(i) Payment of the principal of obligations of the authority secured by the reserve fund, as the obligations mature or are redeemed prior to maturity;
(ii) Purchase of the obligations of the authority;
(iii) Payment of interest on the obligations of the authority; or
(iv) Payment of any redemption premium required to be paid when the obligations are redeemed prior to maturity.
(b) The interest earned on the amount deposited in any reserve fund may be used for defraying the cost of the operations of the authority. Money in any debt service reserve fund shall not be withdrawn if it would reduce the amount of the fund to less than the amount which is pledged in the proceedings authorizing the issuance of the obligations secured by the debt service reserve fund, except for paying principal and interest on obligations maturing and becoming due and for the payment of which other monies of the authority are not available.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 7 - Wyoming Higher Education Assistance Authority › Section 21-16-710 - Disposition of Monies Received.

21-16-710. 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 authorized. The trustee shall hold and apply the monies for purposes authorized by this article and by the proceedings authorizing the obligations and included in the resolution or indenture providing for the issuance of the obligations.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 7 - Wyoming Higher Education Assistance Authority › Section 21-16-711 - Notice of Default; Authority to Pay Unpaid Balance of Principal to Financial Institutions; Financial Institutions to Deliver Note to Authority.

21-16-711. 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 loans financed pursuant to this article. All financial institutions offering loans to be financed pursuant to this article and the authority, on all loans made directly to students pursuant to this article, shall charge a loan reserve fee of not more than five percent (5%) of the total face amount of the loan. The authority may from time to time decrease this percentage in furtherance of this plan. In order for a loan to qualify for default coverage by the authority under this article, the financial institution shall deposit the loan reserve fee into reserve funds established by the authority under this section. The authority shall establish procedures for the collection and deposit of the loan reserve fee and for the payment of defaults on secured loans. The loan reserve fee is not a finance charge for purposes of any state or federal consumer credit law.
(b) In the event of a default on any loan owned by the authority or security obligation of the authority, the authority shall take all lawful steps to collect on all loans acquired, administered or financed pursuant to this article and in accordance with commercially reasonable terms and subject to any applicable state or federal statutes, may contract with a private collection agent for loan collection.
(c) In the event of a default on any loan not owned by the authority but administered or financed pursuant to this article, the authority shall as soon as practicable after receipt of demand by a financial institution containing a statement of the nature and the reason for the default, pay, from the loan reserve funds established pursuant to this article, to the financial institution one hundred percent (100%) of the unpaid balance of the principal on the note. Upon payment, the financial institution shall endorse, without recourse or warranty, and deliver to the authority the note, together with all of the rights of the financial institution under any guaranty or endorsement of the note and with respect to any security for the payment of the note.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 7 - Wyoming Higher Education Assistance Authority › Section 21-16-712 - Age Discrimination Prohibited; Full Legal Capacity of Minors.

21-16-712. 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 the rights, powers, privileges and obligations of an adult with respect thereto.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 7 - Wyoming Higher Education Assistance Authority › Section 21-16-713 - Information Sharing.

21-16-713. 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 colleges.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 7 - Wyoming Higher Education Assistance Authority › Section 21-16-714 - Investment of State Funds in Insured, Guaranteed or Other Higher Education Loans.

21-16-714. 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 under which the state agrees to purchase loans held by the authority at any time the authority is unable to pay interest on or principal of any of its outstanding obligations on any regularly scheduled interest or principal payment date, or at maturity, whether by acceleration, redemption or otherwise. One (1) condition of the agreement shall require the loan program to be designed for statewide participation and benefits. If the commitment is incurred, the investment shall be made from the Wyoming permanent mineral trust fund or permanent land fund and shall not exceed one hundred seventy-five million dollars ($175,000,000.00).
(b) If loans are sold, the authority shall, as partial consideration for the sale, retain the responsibility for collection and procedural processing of the loans at its sole expense with the exception of servicing fees as specified in the standby commitment agreement. In no case shall the state be obliged to administer loans purchased from the authority. The portion of any payment reflecting a return of corpus shall be credited to the permanent mineral trust fund or permanent land fund and the balance of the payment shall be credited to the general fund or the permanent land income fund, as applicable.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 7 - Wyoming Higher Education Assistance Authority › Section 21-16-715 - Exemptions From Taxation; Exceptions.

21-16-715. 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 its projects, property or monies, other than assessments for local improvements. The authority shall not be required to pay state taxes of any kind. Except for estate taxes, property, monies and any obligations issued under this article including the income therefrom, shall be free from taxation of every kind by the state, municipalities and political subdivisions of the state.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 7 - Wyoming Higher Education Assistance Authority › Section 21-16-716 - Obligations as Legal Investments.

21-16-716. 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 which may properly and legally invest funds in their control or belonging to them in obligations of the authority.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 7 - Wyoming Higher Education Assistance Authority › Section 21-16-717 - State Pledge Not to Impair Rights and Remedies of Holders of Obligations.

21-16-717. 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 holders, or in any way impair the rights and remedies of the holders until the obligations, together with interest, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of the holders, are fully met and discharged. The authority is authorized to include this pledge of the state in any agreement with the holders of the obligations.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 7 - Wyoming Higher Education Assistance Authority › Section 21-16-718 - Investment and Management of Funds; Audit.

21-16-718. 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 funds, considering the probable income and the probable safety of their capital, and may:
(i) Invest funds in securities in which state funds may be invested as provided by law or in savings certificates of savings and loan associations and certificates of deposit of financial institutions to the extent they are fully insured by a federal agency or are fully secured by a pledge of assets as provided by law;
(ii) Sell securities it has purchased; and
(iii) Deposit funds in any financial institution if secured by obligations authorized as permissible security for state investments.
(b) Notwithstanding this section, the authority may contract with the holders of any of its obligations for the custody, collection, securing, investment and payment of any monies of the authority, of any monies held in trust or otherwise for the payment of obligations and may carry out the contract. Monies held in trust or otherwise for the payment of obligations or in any way to secure obligations and deposits of monies may be secured in the same manner as monies of the authority and all financial institutions and trust companies are authorized to give security for these deposits.
(c) Subject to agreements with holders of its obligations, the authority shall prescribe a system of accounts in accordance with generally accepted accounting principles.
(d) The authority shall employ a certified public accountant to examine the books and accounts of the authority including its receipts, disbursements, contracts, reserve funds, sinking funds, investments and any other matters relating to its financial standing. The examination shall be conducted at least once each year and copies of the examination report shall be filed with the secretary of state, the director of the state department of audit and the legislative service office.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 7 - Wyoming Higher Education Assistance Authority › Section 21-16-719 - Assistance by State Agencies.

21-16-719. 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 shall not lose status or rights as state employees.
(b) Upon request of the authority, any state agency may lend technical assistance, render advice and attend meetings with the directors and employees of the authority as the authority requires in carrying out its functions and duties.
(c) The authority shall compensate the state for any assistance received.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 7 - Wyoming Higher Education Assistance Authority › Section 21-16-720 - Annual Report and Budget.

21-16-720. 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 9-2-1014.1.
(c) This section shall not impair or affect any pledge of special funds of the authority for payment of obligations authorized under this article nor shall any funds of the authority be deemed state funds and subject to appropriation hereby.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 7 - Wyoming Higher Education Assistance Authority › Section 21-16-721 - Conflicts of Interest.

21-16-721. 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 subsection (c) of this section, this section does not prohibit:
(i) Buying, selling or placing higher education loans with financial institutions in which a director has a financial interest; or
(ii) Contracting with a Wyoming corporation for the provision of services if one (1) or more directors of the corporation is also a member of the board.
(c) Representations specified under subsection (b) of this section shall be adequately disclosed and any contracts or agreements shall be commercially reasonable. Any financial interest shall be disclosed in the minutes of the authority.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 9 - University of Wyoming Endowment Fund › Section 21-16-902 - Definitions.

21-16-902. 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 of Wyoming foundation on a permanent basis and regarding which earnings on those investments are dedicated to be expended exclusively to benefit and promote the mission, operation or any program or activity of the University of Wyoming, including but not limited to professorships and student scholarships, increases to the corpus of the endowment and defraying reasonable costs of endowment administration;
(iii) "Substantial endowment gift" means an irrevocable gift or transfer to the University of Wyoming foundation of money or other property by a donor where:
(A) The gift or the foundation's interest in the property is conditioned on it being used by the foundation exclusively for endowment purposes;
(B) Except as provided by W.S. 21-16-904(a)(ix) for fallen heroes endowments, the gift or property transferred has a fair market value of at least fifty thousand dollars ($50,000.00); and
(C) The following apply:
(I) The gift was received or the transfer occurred on or after March 1, 2001. Payments are not eligible to be matched if they are part of a gift for which some payment was received prior to March 1, 2001;
(II) If a commitment to make the gift or transfer is made in writing to the university foundation on or after March 1, 2001, to qualify for the match, the gift shall actually be received or the transfer shall actually occur not later than December 31 of the fifth calendar year following the calendar year in which the written commitment was made to the university foundation;
(III) Members of a single family may aggregate their individual gifts to meet the minimum dollar threshold required for matching funds. Gifts from nonfamily members in memory of a deceased individual may also be aggregated to meet the minimum dollar threshold required for matching funds.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 9 - University of Wyoming Endowment Fund › Section 21-16-903 - University Endowment Challenge Account.

21-16-903. 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 W.S. 9-2-1008, 9-2-1012(e) or 9-4-207, other funds within the account shall not lapse or revert until directed by the legislature and shall remain available for distribution as provided in this article.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 10 - University of Wyoming Athletics Challenge Fund › Section 21-16-1001 - Definitions.

21-16-1001. 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 dollars ($25,000.00) to the University of Wyoming foundation to be expended exclusively for university intercollegiate athletic facilities consistent with the 2003 intercollegiate athletics plan approved by the university board of trustees. The commitment for a qualifying contribution or the contribution itself shall be made on or after September 13, 2003. The contribution shall be actually received by the University of Wyoming foundation on or before December 31 of the fifth calendar year following the calendar year in which the written commitment was made to the university foundation. Members of a single family may aggregate their individual gifts to meet the minimum dollar threshold required for matching funds. Gifts from nonfamily members in memory of a deceased individual may also be aggregated to meet the minimum dollar threshold required for matching funds.
(iii) Repealed By Laws 2009, Ch. 52, 3.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 10 - University of Wyoming Athletics Challenge Fund › Section 21-16-1002 - University Athletics Challenge Account.

21-16-1002. 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. 9-2-1008, 9-2-1012(e) or 9-4-207, other funds within the account shall not lapse or revert until directed by the legislature and shall remain available for distribution as provided in this article.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 11 - Wyoming Community College Endowment Challenge Program › Section 21-16-1102 - Definitions.

21-16-1102. 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, whether real, personal, tangible or intangible, and whether or not the donor or transferor retains an interest in the property, where the gift or the foundation's interest in the property is required to be used by the foundation exclusively for endowment purposes, where:
(A) The gift was received or the transfer occurred on or after July 1, 2004; or
(B) A commitment to make the gift or transfer was made in writing to the respective community college foundation, which commitment was received on or after July 1, 2004, and the gift was received or the transfer occurred not later than December 31 of the fifth calendar year following the calendar year in which the written commitment was made.
(iii) "Foundation" means an organization established for each community college that among other purposes, exists to generate additional revenues for community college programs and activities;
(iv) "Permanent endowment funds managed by a Wyoming community college foundation" means the endowment funds that are invested by the respective Wyoming community college foundation on a permanent basis and the earnings on those investments are dedicated to be expended exclusively to benefit and promote the mission, operation or any program or activity of the respective community college, including but not limited to professorships and student scholarships, increases to the corpus of the endowment and defraying reasonable costs of endowment administration.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 11 - Wyoming Community College Endowment Challenge Program › Section 21-16-1103 - Wyoming Community College Endowment Challenge Fund.

21-16-1103. Wyoming community college endowment challenge fund.
(a) The Wyoming community college endowment challenge fund is created and shall consist of seven (7) separate accounts, one (1) account for each Wyoming community college.
(b) The state treasurer shall invest funds within the fund created under subsection (a) of this section and shall deposit the earnings from fund investments to the general fund. Notwithstanding W.S. 9-2-1008, 9-2-1012(e) or 9-4-207, other funds within the fund shall not lapse or revert until directed by the legislature and shall remain available for distribution as provided in this article.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 12 - Higher Education Endowment Accounts › Section 21-16-1201 - Excellence in Higher Education Endowment Fund; Hathaway Student Scholarship Endowment Fund; Distributions by State Treasurer; Legislative Restrictions.

21-16-1201. Excellence in higher education endowment fund; Hathaway student scholarship endowment fund; distributions by state treasurer; legislative restrictions.
(a) The excellence in higher education endowment fund is created as provided by W.S. 9-4-204(u)(vi).
(b) In addition to the excellence in higher education endowment fund, a student scholarship endowment fund, to be known as the Hathaway student scholarship endowment fund, is established as provided by W.S. 9-4-204(u)(vii).
(c) The state treasurer shall place earnings from the investment of monies in the excellence in higher education endowment fund in an income account for subsequent disbursement as provided in this subsection. Earnings for any fiscal year which are in excess of the spending policy amount established pursuant to W.S. 9-4-719(o) shall be distributed as provided by W.S. 9-4-719(m). The institutions receiving distributions of earnings within the spending policy amount pursuant to this subsection shall only expend ninety percent (90%) of the distribution in fiscal years in which the spending policy amount specified in W.S. 9-4-719(o) is reached or exceeded. In any fiscal year in which the spending policy amount specified in W.S. 9-4-719(o) is not reached, the shortfall in distributions an institution would have received if the spending policy amount had been reached shall be made up in equal parts by an authorization for the institution to expend funds saved under this subsection when the spending policy amount is reached or exceeded and an equal amount appropriated from the excellence in higher education endowment reserve account as provided in W.S. 9-4-719(n). Earnings within the spending policy amount shall be distributed at the times provided in W.S. 9-4-108 as follows:
(i) Two-thirds (2/3) to the University of Wyoming;
(ii) The remaining one-third (1/3) equally to each Wyoming community college.
(d) Commencing with the fiscal year beginning July 1, 2006, earnings from the Hathaway student scholarship endowment fund created by this article shall be transferred by the state treasurer to the Hathaway scholarship expenditure account created by W.S. 21-16-1302.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 12 - Higher Education Endowment Accounts › Section 21-16-1203 - Excellence in Higher Education Endowment Fund Distributions to Wyoming Community Colleges.

21-16-1203. Excellence in higher education endowment fund distributions to Wyoming community colleges.
(a) Repealed By Laws 2007, Ch. 148, 2.
(b) Each community college shall use the earnings received under W.S. 21-16-1201(c)(ii) as provided by this section to establish endowed faculty positions and to acquire instructional and resource materials, classroom equipment and other resources necessary to support the work of the endowed faculty. The following shall govern each community college in the use of these funds:
(i) Funds shall be used for recruitment or retention of faculty, either permanent or temporary, possessing special skills or demonstrated excellence improving the quality of educational and outreach instruction;
(ii) The earnings received shall be used for the recruitment and retention of faculty with abilities necessary to establish or expand vocational programs and program quality benefiting communities, businesses and industries within respective service areas. The purpose of this paragraph is to enhance the ability of community colleges to prepare students for a lifetime of higher wages and expanded job opportunities, to provide local and regional businesses and industries with an improved, better trained and better educated workforce and to increase the economic stability of proximate communities and the entire state;
(iii) Earnings not expended pursuant to paragraph (ii) of this subsection which are received shall be used for the recruitment and retention of faculty with established reputations in academic areas offered by each individual community college. The purpose of this paragraph is to improve the ability of colleges to better prepare students to pursue bachelor and graduate degrees at the University of Wyoming or other four (4) year institutions and offer additional courses of outreach instruction to high school and adult populations within their service areas.
(c) The community colleges may collaborate with the University of Wyoming on the use of earnings received from the excellence in higher education endowment fund.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 12 - Higher Education Endowment Accounts › Section 21-16-1204 - Annual Reports; Review by Committees.

21-16-1204. Annual reports; review by committees.
(a) Not later than October 1, 2006, and October 1 of each year thereafter, the University of Wyoming and each Wyoming community college shall report to the joint appropriations and joint education interim committees of the legislature and to the governor on the use and expenditure of earnings from the excellence in higher education endowment fund pursuant to this article, including the following:
(i) Faculty positions partially or fully funded through the endowment program;
(ii) The name of each faculty member filling a position identified under paragraph (i) of this subsection, together with that individual's education and experience and a summary of his research and instructional activities during the preceding academic year;
(iii) A description of the benefits of the research or instruction provided by the individual filling a position identified under paragraph (i) of this subsection during the preceding academic year, to students, businesses, industries or to other Wyoming residents as required under this article;
(iv) Reserve fund distributions pursuant to W.S. 9-4-719(n).
(b) Upon receipt of reports by the University of Wyoming and each Wyoming community college on the use and expenditure of earnings as required under subsection (a) of this section, the joint appropriations and joint education interim committees shall report to members of the Wyoming legislature and the governor on the progress made by the university and community colleges in achieving the purposes stated under this article for distributions from the excellence in higher education endowment fund and shall recommend any necessary changes to the higher education endowment program to accomplish these purposes. The reports required under this subsection shall be made in sufficient time to enable consideration by the legislature at the general or budget session immediately following the receipt of reports submitted pursuant to subsection (a) of this section.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 13 - Hathaway Scholarship Program › Section 21-16-1306 - Need Based Scholarships.

21-16-1306. Need based scholarships.
(a) In addition to scholarships made available under W.S. 21-16-1304 and 21-16-1305 there shall be made available a need based Hathaway scholarship as follows:
(i) The scholarship shall be available only to students qualifying for a scholarship under W.S. 21-16-1304 or 21-16-1305 and for federal financial aid. The scholarships under this section shall be computed and awarded as follows:
(A) If the student has annual unmet financial need of two thousand dollars ($2,000.00) or less no award;
(B) If the student has annual unmet financial need greater than two thousand dollars ($2,000.00):
(I) If the student is eligible for a Hathaway honor scholarship an award under this section in an amount equal to the annual unmet financial need exceeding two thousand dollars ($2,000.00). A scholarship under this subdivision shall continue as long as the student remains eligible for a Hathaway honor scholarship;
(II) If a student is eligible for a scholarship under this article but does not qualify under subdivision (I) of this subparagraph an award equal to twenty-five percent (25%) of the annual unmet financial need in excess of two thousand dollars ($2,000.00), but not to exceed one thousand five hundred seventy-five dollars ($1,575.00) per year.
(C) A student qualifying for any award under this section shall receive a minimum amount of one hundred five dollars ($105.00) for each semester of qualification. One-half (1/2) of the annual award amount under this section shall be provided to the student at each semester of qualification;
(D) For a student enrolled in a graduate degree program, an annual award provided under this section shall not exceed the University of Wyoming's undergraduate cost of attendance for the applicable year less two thousand dollars ($2,000.00).
(b) The department shall provide scholarships under this section from funds made available under W.S. 21-16-1302 and the state treasurer shall reimburse eligible institutions accordingly under W.S. 21-16-1308. All requirements for scholarship recipients applicable under this article shall be applicable to scholarships under this section. The department, in consultation with each eligible institution, shall by rule designate a date for each academic year upon which each eligible institution shall make the final computation for unmet need for students receiving a scholarship under this section, consistent with each institution's schedule for determining actual cost of attendance for students at that institution.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 13 - Hathaway Scholarship Program › Section 21-16-1309 - Scholarship Amounts.

21-16-1309. Scholarship amounts.
(a) To the extent a scholarship under this article would, when combined with any grant or scholarship from a student financial aid program administered through the state or any state institution, in any semester exceed the cost of attendance at the eligible institution, the scholarship under this article shall be reduced by the amount necessary to not exceed that cost of attendance.
(b) To the extent sufficient funds are not available in the expenditure account to fund all scholarships as provided under this article:
(i) Funds available for scholarships under W.S. 21-16-1304 and 21-16-1305 shall be used for scholarships under W.S. 21-16-1306 after all scholarships under W.S. 21-16-1304 and 21-16-1305 have been paid;
(ii) Funds available for scholarships under W.S. 21-16-1306 shall be used for scholarships under W.S. 21-16-1304 and 21-16-1305 after all scholarships under W.S. 21-16-1306 have been paid;
(iii) After all funds within the expenditure account have been expended, funds within the Hathaway student scholarship reserve account shall be used to fund any remaining scholarships awarded under this article;
(iv) If no funds remain available in the expenditure account or reserve account at the time payment is required to be made to an institution for any semester, the payment to the eligible institutions shall be reduced on a first come first served basis using the student's application date for the scholarship.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 13 - Hathaway Scholarship Program › Section 21-16-1310 - Legislative Oversight and Authority.

21-16-1310. Legislative oversight and authority.
Nothing in this article shall be construed to constitute an entitlement to a scholarship established and funded by the legislature. Wyoming Hathaway scholarships shall be subject to legislative appropriation and the legislature reserves the right to modify or terminate the program established under this article at any time.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 13 - Hathaway Scholarship Program › Section 21-16-1311 - Hathaway Scholarship Program Reporting.

21-16-1311. Hathaway scholarship program reporting.
The University of Wyoming and each community college shall report on the use of all scholarship funds controlled by the institution, exclusive of federal funds. The report shall show the total scholarship funds, including scholarship funds granted via tuition discounts, for the most recently completed biennium contrasted with the biennium ending June 30, 2006. The report shall show how any funds supplanted by Hathaway scholarships have been reallocated for other scholarship and student financial aid programs or have been rebudgeted for other purposes and the plans for such funds for the coming biennium. The report shall describe the extent to which the university and community colleges have included within regular written or electronic communications transmitted to alumni of the institutions, information on the progress of the scholarship programs established under this article and information on making contributions to the Hathaway student scholarship endowment account. The Wyoming community college commission shall specify the format of, and combine and transmit the reports on behalf of each college. The University of Wyoming and the community college commission shall include the reports within the respective biennial budget requests submitted under W.S. 9-2-1013.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 14 - University of Wyoming Academic Facilities Challenge Fund › Section 21-16-1401 - Definitions.

21-16-1401. Definitions.
(a) As used in this article:
(i) "Challenge account" means the university academic facilities challenge account established under W.S. 21-16-1402;
(ii) "Qualifying contribution" means a transfer of money or other property of a value of not less than twenty-five thousand dollars ($25,000.00) to the University of Wyoming foundation to be expended exclusively for university academic facilities as approved by the university president and board of trustees. The commitment for a qualifying contribution or the contribution itself shall be made in writing on or after October 1, 2005. The contribution shall be actually received by the University of Wyoming foundation on or before December 31 of the fifth calendar year following the calendar year in which the written commitment was made. Members of a single family may aggregate their individual gifts to meet the minimum dollar threshold required for matching funds. Gifts from nonfamily members in memory of a deceased individual may also be aggregated to meet the minimum dollar threshold required for matching funds.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 14 - University of Wyoming Academic Facilities Challenge Fund › Section 21-16-1402 - University Academic Facilities Challenge Account.

21-16-1402. University academic facilities challenge account.
(a) The university academic facilities 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. 9-2-1008, 9-2-1012(e) or 9-4-207, other funds within the account shall not lapse or revert until directed by the legislature and shall remain available for distribution as provided in this article.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 16 - University of Wyoming Reclamation and Restoration Center Challenge Account › Section 21-16-1601 - Definitions.

21-16-1601. Definitions.
(a) As used in this article:
(i) "Challenge account" means the reclamation and restoration challenge account established under W.S. 21-16-1602;
(ii) "Qualifying contribution" means a transfer of money or other property of a value of not less than one hundred thousand dollars ($100,000.00) to the University of Wyoming foundation to be expended by the university exclusively for the Wyoming reclamation and restoration center. The commitment for a qualifying contribution or the contribution itself shall be made in the period beginning July 1, 2011 and ending June 30, 2018. The contribution shall be actually received by the University of Wyoming foundation on or before June 30, 2020.
2023 Wyoming Statutes › Title 21 - Education › Chapter 16 - Higher Education Generally › Article 16 - University of Wyoming Reclamation and Restoration Center Challenge Account › Section 21-16-1602 - University Reclamation and Restoration Challenge Account.

21-16-1602. University reclamation and restoration challenge account.
(a) The university reclamation and restoration challenge account is created.
(b) All investment earnings from funds in the account shall be credited to the account. Notwithstanding W.S. 9-2-1008, 9-2-1012(e) or 9-4-207, funds within the account shall not lapse or revert until June 30, 2022. Until reverted, funds within the account are continuously appropriated and shall remain available for distribution as provided in this article.