Bill No.:         SF0027                                               Drafter: LNS

LSO No.:       14LSO-0106                                     Effective Date: 7/1/2014

Enrolled Act No.:    SEA0004

Chapter No.:                        CH0004

Prime Sponsor:       Joint Judiciary Interim Committee

Catch Title:              Endowment challenge program-fees.

Subject:                     University of Wyoming endowment challenge program.

Summary/Major Elements:

· This bill relates to the University of Wyoming challenge endowment program.  Under the program, the State provides funds to the University of Wyoming to match private donations to the University of Wyoming Foundation.  The funds are managed by the Foundation and the State pays the Foundation for the reasonable costs of administering the matching funds.

· This bill clarifies the amount the State will pay the Foundation for reasonable costs of administering the state matching funds.